XML 61 R47.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Components of Income Tax Expense | The components of income tax expense from operations for the years ended December 31, 2023, 2022 and 2021 are as follows:
| 2023 |  | 2022 |  | 2021
Current: |  |  |  |  |
Federal | $ | 904 |  |  | $ | 1,179 |  |  | $ | 455 |
State | 828 |  |  | 1,004 |  |  | 493 |
| 1,732 |  |  | 2,183 |  |  | 948 |
Deferred: |  |  |  |  |
Federal | 3,051 |  |  | 4,815 |  |  | 2,142 |
State | 1,135 |  |  | 929 |  |  | 290 |
| 4,186 |  |  | 5,744 |  |  | 2,432 |
Total income tax expense | $ | 5,918 |  |  | $ | 7,927 |  |  | $ | 3,380 |
Income Tax Reconciliation | The income tax expense from the Taxable Subsidiary operations for the years ended December 31, 2023, 2022, and 2021 differs from the "expected" tax expense (computed by applying the federal corporate rate of 21% to income before income taxes of the Taxable Subsidiary) as follows:
| 2023 |  | 2022 |  | 2021
"Expected" tax expense | $ | 3,880 |  |  | $ | 6,702 |  |  | $ | 2,223 |
Increase in income taxes resulting from: |  |  |  |  |
State income taxes, net of federal income tax expense | 1,357 |  |  | 1,135 |  |  | 382 |
Other non-deductible (non-taxable) items | 306 |  |  | (86) |  |  | 384 |
Other, net | (65) |  |  | (320) |  |  | 91 |
Actual tax expense | $ | 5,478 |  |  | $ | 7,431 |  |  | $ | 3,080 |
Deferred Tax Assets and Liabilities | Significant components of deferred tax assets and liabilities at December 31, 2023 and 2022 are as follows:
| 2023 |  | 2022
Deferred tax assets: |  |  |
Bad debt reserves | $ | 49 |  |  | $ | 49 |
Goodwill and intangibles | 10,532 |  |  | 11,711 |
Employee benefits | 4 |  |  | 6 |
Operating leases | — |  |  | 14 |
Interest expense | 334 |  |  | — |
Tax loss carryforwards | 861 |  |  | 5,432 |
Other | 178 |  |  | 130 |
Subtotal | 11,958 |  |  | 17,342 |
Less: Valuation allowance | — |  |  | — |
Total net deferred tax assets | 11,958 |  |  | 17,342 |
Deferred tax liabilities: |  |  |
Property and equipment | (1,747) |  |  | (2,956) |
Operating leases | (11) |  |  | — |
Total deferred tax liabilities | (1,758) |  |  | (2,956) |
Net deferred tax assets | $ | 10,200 |  |  | $ | 14,386 |

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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration