Note 12 - Federal and State Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	201 9		201 8
	(in thousands)
Deferred tax liabilities:
Property and equipment	$	83,453	$	78,502
Unrealized gains on securities		2,580		2,580
Prepaid expenses and other		2,193		2,667
Total deferred tax liabilities		88,226		83,749
Deferred tax assets:
Allowance for doubtful accounts		760		572
QAFMV tax credit carryforward		864		864
New hire tax credit		124		124
Compensated absences		512		460
Self-insurance allowances		5,630		188
Marketable equity securities		1,253		2,200
Net operating loss carryover		15,364		17,241
Other		198		203
Total deferred tax assets		24,705		21,852
Net deferred tax liability	$	63,521	$	61,897

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	201 9						201 8				201 7
	(in thousands)
	Amount			Percent			Amount		Percent		Amount			Percent
Income tax at the statutory federal rate	$	2,124			21.0		$	6,582		21.0	$	4,975			34.0
Impact of the Tax Cuts and Jobs Act (1)		-			-			-		-		(29,255	)		(199.9	)
Nondeductible expenses		342			3.4			80		0.2		72			0.5
State income taxes/other—net of federal benefit		(251	)		(2.5	)		685		2.2		(60	)		(0.5	)
Total income tax expense (benefit)	$	2,215			21.9		$	7,347		23.4	$	(24,268	)		(165.9	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	201 9			201 8			201 7
	(in thousands)
Current:
Federal	$	(56	)	$	(48	)	$	(79	)
State		646			189			441
Total current income tax provision		590			141			362
Deferred:
Federal		2,177			6,185			(24,622	)
State		(552	)		1,021			(8	)
Total deferred income tax provision (benefit)		1,625			7,206			(24,630	)
Total income tax provision (benefit) expense	$	2,215		$	7,347		$	(24,268	)