Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Provision for income tax expense

The Provision for income tax expense included in the financial statements (in thousands):

	Years Ended December 31,
	2023		2022			2021
Included in Net income:
Continuing operations	$	1,516		1,530			10,281
Comprehensive income		551		(515	)		(209	)
Total tax expense	$	2,067		1,015			10,072

Provision for income taxes

The Provision for income taxes (income tax benefit) consists of the following (in thousands):

	Year Ended December 31,
	2023		2022			2021
Current:
Federal	$	2		(214	)		305
State		570		(571	)		1,826
		572		(785	)		2,131
Deferred		1,495		1,800			7,941
Total	$	2,067		1,015			10,072

Income tax reconciliation

A reconciliation between the amount of tax shown above and the amount computed at the statutory Federal income tax rate follows (in thousands):

	Year Ended December 31
	2023		2022			2021
Amount computed at statutory
Federal rate	$	1,812		924			7,941
State income taxes (net of Federal   income tax benefit)		178		(30	)		2,634
Other, net		77		121			(503	)
Provision for income taxes	$	2,067		1,015			10,072

Temporary tax differences

The types of temporary differences and their related tax effects that give rise to deferred tax assets and deferred tax liabilities are presented below (in thousands):

	December 31,
	2023		2022		2021
Deferred tax liabilities:
Property and equipment	$	42,317		41,866		38,143
Investment in opportunity zone		34,966		34,871		30,846
Depletion		706		697		704
Unrealized rents		385		150		58
Prepaid expenses and other		256		31		36
Gross deferred tax liabilities		78,630		77,615		69,787
Deferred tax assets:
Federal tax loss carryforwards		3,153		6,375		3,235
State tax loss carryforwards		6,012		2,359		1,388
Employee benefits and other		9		921		1,117
Gross deferred tax assets		9,174		9,655		5,740
Net deferred tax liability	$	69,456		67,960		64,047

NOL Carryovers

	Years Ended
Other Items - All Gross		12/31/2023	12/31/2022
State NOL Carryovers		49,278,000	38,169,000
Federal NOL Carryovers		28,637,000	30,358,000