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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income Tax (Benefit) Expense

The expense (benefit) for income taxes consists of:

			Years Ended December 31,
			2022						2021						2020
Current:
Federal			$	77,374					$	(1,408)					$	—
State			7,710						341						(147)
Deferred and Other:
Federal			13,024						—						—
State			—						—						—
Total tax expense (benefit)			$	98,108					$	(1,067)					$	(147)

Schedule of Reconciliation of Effective Tax Rate

The reconciliation between our effective tax rate on income from operations and the statutory rate is as follows:

			Years Ended December 31,
			2022						2021						2020
Income tax (benefit) expense at federal statutory rate			$	118,940					$	284					$	2,335
State and local income taxes net of federal tax (benefit) expense			7,705						342						(146)
Alternative minimum tax refund			—						(1,434)						—
Temporary tax differences
Change in valuation allowance			(28,537)						(259)						(2,336)
Reported tax (benefit) expense			$	98,108					$	(1,067)					$	(147)
Effective tax rate			24.9		%				4.6		%				4.7		%

Components of the Net Deferred Tax Asset or Liability

Components of the Net Deferred Tax Asset or Liability

			December 31,
			2022						2021
Deferred tax asset:
Allowance for losses on notes			$	1,470					$	—
Basis difference in fixed assets			—						706
Foreign currency translations			4,279						1,088
Net operating loss carryforward			—						15,146
			5,749						16,940
Deferred tax liabilities:
Deferred gain			18,249						2,937
Basis differences for fixed assets			530						—
			18,779						2,937
			(13,030)						14,003
Less: valuation allowance			—						(14,003)
Net deferred tax (liability) asset			$	(13,030)					$	—

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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