Note 16 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Consolidated Income Before Income Tax [Table Text Block]

	2019		2018
Income before income tax	$	7,600	$	11,029

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2019			2018
Current:
Federal income tax	$	-		$	(732	)
State income tax		(60	)		6
Total current benefit		(60	)		(726	)
Deferred:
Federal, excluding operating loss carry forwards		(175	)		(1,123	)
State, excluding operating loss carry forwards		(86	)		(31	)
Change in valuation allowance		(20	)		(42	)
Tax benefit of operating loss carry forwards:
Federal		2,329			2,771
State		777			1,192
Total deferred expense		2,825			2,767
Total income tax expense	$	2,765		$	2,041

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2019			2018
Computed federal income taxes at the statutory rate	$	1,616		$	2,335
Expense (benefit) in tax resulting from:
State income taxes (net of Federal benefit)		731			824
Enacted rate change		-			(703	)
Alternative minimum tax sequestration		-			(569	)
Other		415			236
Stock-based compensation		23			(40	)
Change in valuation allowance		(20	)		(42	)
Total income tax expense	$	2,765		$	2,041

Schedule of Income Tax Expense (Benefit) Charged to Statements of Comprehensive Income (Loss) and Statement of Stockholders' Equity [Table Text Block]

	2019			2018
Statement of comprehensive income:
Income tax expense	$	2,765		$	2,041
Other comprehensive income (loss), tax effect	$	(238	)	$	(110	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2019			2018
Deferred tax assets:
Net operating loss carry forwards	$	13,635		$	16,742
Operating lease liabilities		23,374			-
Deferred GCI capacity revenue		8,839			9,428
Reserves and accruals		8,700			8,947
Intangibles and goodwill		855			944
Fair value on interest rate swaps		82			-
Pension liability		1,054			1,031
Allowance for doubtful accounts		1,314			1,118
Other		222			-
Total deferred tax assets		58,075			38,210
Valuation allowance		(142	)		(162	)
Deferred tax assets after valuation allowance		57,933			38,048
Deferred tax liabilities:
Property, plant and equipment		(37,152	)		(37,320	)
Operating lease right of use assets		(23,011	)		-
Fair value on interest rate swaps		-			(130	)
Revenue contract assets		(2,173	)		(2,407	)
Other		-			(8	)
Total deferred tax liabilities		(62,336	)		(39,865	)
Net deferred tax liability	$	(4,403	)	$	(1,817	)