Income Taxes

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The income tax benefit (provision) for the years ended December 31, 2021, 2020, and 2019 comprised the following (in thousands):

	Years Ended December 31,
	2021		2020		2019
Federal income taxes:
Current	$	722	$	290	$	430
Deferred	(100)		(18)		(20)
State income taxes:
Current	139		14		85
Deferred	(19)		(3)		(4)
Income tax benefit	$	742	$	283	$	491

As of December 31, 2021 and 2020, the Company had $1.3 million and $0.5 million, respectively, of net deferred tax assets representing net operating losses of the TRS that are being carried forward and basis differences in the assets of the TRS. The deferred tax assets are presented within other assets in the consolidated balance sheets.

Management has evaluated the Company’s income tax positions and concluded that the Company has no uncertain income tax positions as of December 31, 2021 and 2020. The Company is generally subject to examination by the applicable taxing authorities for the tax years 2018 through 2021. The Company does not currently have any ongoing tax examinations by taxing authorities.