Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income taxes

Significant components of the Company's deferred tax liabilities and assets

	December 31,
	2023		2022
	(In thousands)
Deferred tax liabilities:
Property and equipment	$	3,976	$	4,218
Intangible assets		23,006		22,355
Prepaid expenses		490		477
Total deferred tax liabilities		27,472		27,050
Deferred tax assets:
Allowance for credit losses		81		56
Compensation		1,107		1,134
Other accrued liabilities		162		123
		1,350		1,313
Less: valuation allowance		—		—
Total net deferred tax assets		1,350		1,313
Net deferred tax liabilities	$	26,122	$	25,737
Current portion of deferred tax assets	$	296	$	341
Non-current portion of deferred tax liabilities		(26,418)		(26,078)
Net deferred tax liabilities	$	(26,122)	$	(25,737)

Significant components of the provision for income taxes

The significant components of the provision for income taxes are as follows:

	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Current:
Federal	$	2,240	$	2,800	$	3,080
State		750		1,065		985
Total current		2,990		3,865		4,065
Total deferred		385		935		195
Total Income Tax Provision	$	3,375	$	4,800	$	4,260

Reconciliation of income tax

The reconciliation of income tax at the U.S. federal statutory tax rates to income tax expense (benefit) is as follows:

	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Tax expense (benefit) at U.S. statutory rates	$	2,694	$	2,927	$	3,209
State tax expense, net of federal benefit		637		939		815
Other, net		44		934		236
	$	3,375	$	4,800	$	4,260