Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income Tax (Benefit) Expense

The expense (benefit) for income taxes consists of:

	Years Ended December 31,
	2023		2022		2021
Current:
Federal	$	1,293	$	77,374	$	(1,408)
State	163		7,710		341
Deferred and Other:
Federal	—		13,024		—
State	—		—		—
Total tax expense (benefit)	$	1,456	$	98,108	$	(1,067)

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:

	Years Ended December 31,
	2023			2022			2021
Income tax (benefit) expense at federal statutory rate	$	1,293		$	118,940		$	284
State and local income taxes net of federal tax (benefit) expense	163			7,705			342
Alternative minimum tax refund	—			—			(1,434)
Temporary tax differences
Change in valuation allowance	—			(28,537)			(259)
Reported tax (benefit) expense	$	1,456		$	98,108		$	(1,067)
Effective tax rate	23.6		%	24.9		%	4.6		%

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:
Allowance for losses on notes	$	—	$	1,470
Basis difference in fixed assets	1,952		—
Deferred gain	122		—
Foreign currency translations	—		4,279
Net operating loss carryforward	—		—
	2,074		5,749
Deferred tax liabilities:
Deferred gain	—		18,249
Basis differences for fixed assets	—		530
	—		18,779
	2,074		(13,030)
Less: valuation allowance	—		—
Net deferred tax liability	$	2,074	$	(13,030)