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Note 12 - Federal and State Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		2022				2021
		(in thousands)
Deferred tax liabilities:
Property and equipment		$	102,169			$	84,081
Unrealized gains on securities			2,894				2,580
Prepaid expenses and other			3,836				2,783
Total deferred tax liabilities			108,899				89,444
Deferred tax assets:
Current expected credit losses			1,385				1,165
Compensated absences			215				185
Self-insurance allowances			5,746				1,207
Other			108				172
Total deferred tax assets			7,454				2,729
Net deferred tax liability		$	101,445			$	86,715

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		2022								2021								2020
		(in thousands)
		Amount				Percent				Amount				Percent				Amount				Percent
Federal income tax at statutory rate		$	24,991				21.0			$	21,526				21.0			$	4,916				21.0
Nondeductible per diem and meals			-				-				-				-				321				1.4
State income taxes/other, net			3,344				2.8				4,463				4.4				345				1.5
Total income tax expense		$	28,335				23.8			$	25,989				25.4			$	5,582				23.9

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		2022				2021				2020
		(in thousands)
Current:
Federal		$	10,673			$	6,314			$	(62	)
State			3,121				1,843				282
Total current income tax provision			13,794				8,157				220
Deferred:
Federal			12,920				13,720				4,860
State			1,621				4,112				502
Total deferred income tax provision			14,541				17,832				5,362
Total income tax provision expense		$	28,335			$	25,989			$	5,582

X

- 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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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
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