Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Expense (Benefit) for Income Taxes

The (benefit) expense for income taxes consists of:

	Years Ended December 31,
	2024		2023		2022
Current:
Federal	$	(3,754)	$	1,293	$	77,374
State	147		163		7,710
Deferred and Other:
Federal	—		—		13,024
State	—		—		—
Total tax (benefit) expense	$	(3,607)	$	1,456	$	98,108

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between our effective tax rate on income from operations and the statutory rate is as follows:

	Years Ended December 31,
	2024			2023			2022
Income tax (benefit) expense at federal statutory rate	$	(3,598)		$	1,293		$	118,940
State and local income taxes net of federal tax expense	147			163			7,705
Temporary tax differences
Change in valuation allowance	(156)			—			(28,537)
Reported tax (benefit) expense	$	(3,607)		$	1,456		$	98,108
Effective tax rate	21.0		%	23.6		%	24.9		%

Schedule of Components of the Net Deferred Tax Asset or Liability

Components of the Net Deferred Tax Asset:

	December 31,
	2024		2023
Deferred tax asset:
Basis difference in fixed assets	$	2,333	$	1,952
Deferred gain and net operating loss carryforward	3,372		122
Net deferred tax asset	$	5,705	$	2,074