XML 93 R31.htm IDEA: XBRL DOCUMENT v3.20.1

9. Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of income tax expense

Income taxes consist of the following:

		Year Ended December 31,
		2019				2018				2017
		(In thousands)
Current federal tax expense		$	(574	)		$	(7,526	)		$	14,369
Current state tax expense			105				(2,064	)			3,305
Deferred federal tax expense			2,759				9,074				10,131
Deferred state tax expense			1,466				4,357				501
Income tax expense		$	3,756			$	3,841			$	28,306

Schedule of reconciliation of income taxes

Income tax expense for the years ended December 31, 2019, 2018 and 2017 differs from the amount determined by applying the statutory federal rate to income before income taxes as follows:

		Year Ended December 31,
		2019				2018				2017
		(In thousands)
Expense at federal tax rate		$	1,924			$	3,928			$	11,225
State taxes, net of federal income tax effect			1,027				1,718				1,831
Stock-based compensation			169				238				682
Non-deductible expenses			856				824				171
Effect of change in tax rate			–				–				15,117
Accounting method change			–				(2,100	)			–
Other			(220	)			(767	)			(720	)
		$	3,756			$	3,841			$	28,306

Schedule of deferred tax assets and liabilities

		December 31,
		2019				2018
		(In thousands)
Deferred Tax Assets:
Finance receivables		$	–			$	1,867
Accrued liabilities			307				256
NOL carryforwards			17,240				7,736
Built in losses			4,008				4,651
Pension accrual			1,927				1,552
Stock compensation			4,385				4,161
Lease liability			5,232				–
Other			164				356
Total deferred tax assets			33,263				20,579
							$
Deferred Tax Liabilities:			$
Finance receivables		$	(12,180	)		$	–
Deferred loan costs			(542	)			(1,137	)
Lease right-of-use assets			(4,855	)			–
Furniture and equipment			(206	)			(254	)
Total deferred tax liabilities			(17,783	)			(1,391	)
							$
Net deferred tax asset		$	15,480			$	19,188

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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 http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration