Income Taxes (Tables)

3 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Effective Tax Rates

For the three months ended March 31, 2023, the Company recorded income tax expense of $4.9 million (2022 — $2.6 million). For the three months ended March 31, 2023, the Company’s effective tax rate differs from the combined Canadian federal and provincial statutory income tax rate due to the following factors:

	Three Months Ended				Three Months Ended
	March 31, 2023				March 31, 2022
(In thousands of U.S. Dollars, except rates)	Amount			Rate	Amount			Rate
Income tax (expense) benefit at combined statutory rates	$	(2,652	)	26.5%	$	2,475		26.5%
Adjustments resulting from:
Increase in valuation allowance		(1,610	)	16.1%		(5,009	)	(53.6%)
Shortfall tax benefits related to share-based compensation		(83	)	0.8%		(129	)	(1.4%)
Changes to tax reserves		(258	)	2.6%		(160	)	(1.7%)
Other		(282	)	2.8%		213		2.3%
Income tax expense	$	(4,885	)	48.8%	$	(2,610	)	(27.9%)

Income Tax Expense in Other Comprehensive Income

For the three months ended March 31, 2023 and 2022, the Income Tax Expense related to the components of Other Comprehensive Income (“OCI”) is as follows:

	Three Months Ended
		March 31,
(In thousands of U.S. Dollars)		2023			2022
Unrealized change in cash flow hedging instruments		$	(35	)	$	(82	)
Realized change in cash flow hedging instruments			(89	)		(8	)
Defined benefit and postretirement benefit plans			46			(12	)
		$	(78	)	$	(102	)