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Income Taxes and Tax Receivable Agreement (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Earnings Used To Compute Income Taxes | Total Company earnings used to compute income taxes is as follows (in thousands):
| For the period from September 23, to December 31,
| 2021
Pre-tax earnings of the Company | $ | 25,940 |
Earnings allocable to NCI (not allocable to the Company) | (24,728) |
Pre-tax earnings of Brilliant Earth, Inc. | 1,212 |
Income tax benefit recognized by Brilliant Earth, Inc. | 316 |
After tax earnings of Brilliant Earth Group, Inc. | $ | 1,528 |
Schedule of Components of Income Tax Expense (Benefit) | The components of the benefit from income taxes are as follows as of December 31, 2021:
| December 31, 2021
Current tax benefit |
Federal | $ | — |
State | — |
Total current income tax benefit | — |
Deferred tax benefit |
Federal | (259) |
State | (57) |
Total deferred income tax benefit | (316) |
Benefit from income taxes | $ | (316) |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the expected federal statutory rate of 21.0% to the effective rate is as follows (amount in thousands):
| Tax effect |  | Rate
Brilliant Earth Group, Inc. expected tax expense at statutory rate | $ | 255 |  |  | 21.0%
Less: equity interest in earnings of subsidiary not taxable (permanent difference) | (272) |  |  | (22.4)%
Brilliant Earth Group, Inc. level pre-tax loss as adjusted for tax | (17) |  |  | (1.4)%
Loss from investee per K-1 (inside basis difference) | (148) |  |  | (12.2)%
Loss from step up in outside basis | (151) |  |  | (12.5)%
Income tax benefit at effective rate | $ | (316) |  |  | (26.1)%
Schedule of Deferred Tax Assets and Liabilities | As of December 31, 2021, the components of deferred tax assets are as follows (in thousands):
| December 31,
| 2021
Deferred tax assets |
Outside basis difference in investment | $ | 4,091 |
Net operating loss carryforwards | 316 |
Net deferred tax asset | $ | 4,407 |

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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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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