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Note 13 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Taxes.  
Schedule of income tax expense

Years ended December 31, 

(In thousands)

    

2024

    

2023

    

2022

Current taxes:

Federal

$

2,018

$

2,817

$

517

State

 

35

 

819

 

407

Current taxes

 

2,053

 

3,636

 

924

Deferred taxes:

Federal

 

1,746

 

17,323

 

28,389

State

 

(71)

 

1,391

 

840

Deferred taxes

 

1,675

 

18,714

 

29,229

Provision for income tax expense (benefit), net

$

3,728

$

22,350

$

30,153

Schedule of accounting for differences between income taxes computed at the federal statutory rate and the provision recorded for income taxes

Years ended December 31, 

(In thousands)

    

2024

    

2023

    

2022

Income taxes computed at the federal statutory rate

$

3,134

$

21,938

$

30,701

Effect of:

State taxes, net of federal benefits

 

214

 

1,210

 

1,422

State tax rate changes, net of federal benefits

(166)

350

(546)

Percentage depletion

 

(2,410)

 

(1,717)

 

(3,314)

Stock-based compensation

 

(3,299)

 

(3,395)

 

(1,499)

162(m) compensation limitation

6,172

5,716

3,481

Foreign-derived intangible income deduction

(1,475)

Other, net

 

83

 

(277)

 

(92)

Total

$

3,728

$

22,350

$

30,153

Schedule of deferred tax assets and liabilities

December 31, 

(In thousands)

    

2024

    

2023

Deferred tax assets:

 

  

 

  

Loss carryforwards U.S. - Federal/States

$

1,798

$

1,801

Asset retirement obligations

 

6,879

 

6,428

Accrued expenses

 

3,300

 

3,857

Section 163(j) business interest limitation

340

Stock-based compensation

 

3,294

 

2,916

Total deferred tax assets

 

15,611

 

15,002

Deferred tax liabilities:

Property, plant, and equipment

 

(71,638)

 

(69,354)

Net deferred tax liabilities

$

(56,027)

$

(54,352)