Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit)

The expense (benefit) for income taxes consists of:

	Year Ended December 31,
	2023		2022		2021
Current:
Federal	$	1,768	$	77,668	$	(1,011)
State	171		7,710		—
Deferred and Other:
Federal	—		17,812		—
State	—		—		—
Total tax expense (benefit)	$	1,939	$	103,190	$	(1,011)

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:

	Year Ended December 31,
	2023			2022			2021
Income tax (benefit) expense at federal statutory rate	$	1,768		$	118,700		$	2,373
State and local income taxes net of federal tax benefit	171			7,711			—
Alternative minimum tax refund	—			—			(1,011)
Valuation allowance	—			(23,221)			(2,373)
Calculated income tax expense (benefit)	$	1,939		$	103,190		$	(1,011)
Effective tax rate	22.9		%	22.5		%	(8.6)		%

Schedule of Components of the Net Deferred Tax Asset or Liability

Components of the Net Deferred Tax Asset or Liability

	December 31,
	2023		2022
Deferred tax asset
Basis difference for fixed assets	$	1,952	$	—
Foreign currency translations	—		4,279
Deferred gain	122		—
Net operating loss carryforward	—		—
	2,074		4,279
Deferred tax liability
Deferred gain	—		17,724
Basis differences for fixed assets	—		4,373
	—		$	22,097
	2,074		(17,818)
Less: valuation allowance	—		—
Net deferred tax liability	$	2,074	$	(17,818)