Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Taxes

Schedule of income tax benefit

The following is a summary of our income tax (expense) benefit:

	Year Ended December 31,
	2021		2020		2019
	(In thousands)
Current tax (expense) benefit	$	(709)	$	1,232	$	(34)
Deferred tax (expense) benefit		(2,832)		3,033		1,336
Income tax (expense) benefit	$	(3,541)	$	4,265	$	1,302

Schedule of deferred tax assets and liabilities

	December 31,
	2021		2020
	(In thousands)
Deferred tax assets:
Accrued bonus	$	388	$	1,921
NOL		1,206		2,770
Deferred revenue		1,473		—
Capital loss		3,130		1,283
Charitable contributions		1,091		1,533
Other		302		265
Total deferred tax assets		7,590		7,772
Valuation allowance		(3,969)		(2,072)
Total deferred tax assets, net of valuation allowance		3,621		5,700
Deferred tax liabilities:
Basis difference - intangible assets		(4,911)		(5,887)
Basis difference - real estate		(3,033)		(2,164)
Basis difference - investments		(989)		—
Other		(28)		(158)
Total deferred tax liabilities		(8,961)		(8,209)
Net deferred tax liability	$	(5,340)	$	(2,509)