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INCOME TAX (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of income tax (benefit) provision on income from operations | Income tax (benefit) provision on income from operations consists of the following:
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Current: |  |  |  |  |
Federal | $ | 7,591 |  |  | $ | (10,538) |  |  | $ | 12,814 |
State | 3,203 |  |  | (1,304) |  |  | 6,585 |
| 10,794 |  |  | (11,842) |  |  | 19,399 |
Deferred | (13,271) |  |  | (7,936) |  |  | (6,088) |
| $ | (2,477) |  |  | $ | (19,778) |  |  | $ | 13,311 |
Reconciliation of U.S. statutory income tax rate to effective income tax expense rate | Reconciliation of the U.S. statutory income tax rate to our effective income tax expense rate for operations follows:
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Federal income tax expense at statutory rate | $ | 33,386 |  |  | $ | 36,759 |  |  | $ | 33,566 |
State income tax, net of federal income tax benefit | 5,594 |  |  | 6,677 |  |  | 6,999 |
Net operating loss carryback | 3,391 |  |  | (3,445) |  |  | — |
Excess tax benefits of share-based compensation | (47,675) |  |  | (60,190) |  |  | (29,819) |
Tax credits | (4,999) |  |  | (3,867) |  |  | (3,446) |
Non-deductible business expenses | 7,542 |  |  | 4,199 |  |  | 6,011 |
Other, net | 284 |  |  | 89 |  |  | — |
| $ | (2,477) |  |  | $ | (19,778) |  |  | $ | 13,311 |
Schedule of deferred tax assets and liabilities | The tax effects of the major items recorded as deferred tax assets and liabilities as of December 31 are:
| 2021 |  | 2020
Deferred income tax assets: |  |  |
Operating expenses not currently deductible | $ | 16,639 |  |  | $ | 9,084 |
Stock option and other employee benefit plans | 19,596 |  |  | 17,446 |
Loss and credit carryforwards | 18,604 |  |  | 27,199 |
Deferred revenue | 4,717 |  |  | 807 |
Total deferred income tax assets | 59,556 |  |  | 54,536 |
Valuation allowance | — |  |  | (1,490) |
Total deferred income tax assets, net of valuation allowance | 59,556 |  |  | 53,046 |
Deferred income tax liabilities: |  |  |
Intangible assets | (266,827) |  |  | (76,766) |
Property and equipment | (12,272) |  |  | (9,918) |
Prepaid expenses | (8,542) |  |  | (6,869) |
Total deferred income tax liabilities | (287,641) |  |  | (93,553) |
Net deferred income tax liabilities | $ | (228,085) |  |  | $ | (40,507) |
Schedule of unrecognized tax benefits |
|  | 2021 |  | 2020 |  | 2019
Balance at beginning of year |  | $ | 1,929 |  |  | $ | 1,929 |  |  | $ | 1,929 |
Additions for tax positions of prior years |  | 4,508 |  |  | — |  |  | — |
Reductions for tax positions of prior years |  | (10) |  |  | — |  |  | — |
Additions for tax positions of current year |  | 212 |  |  | — |  |  | — |
Settlements |  | — |  |  | — |  |  | — |
Expiration of statutes of limitations |  | (2,004) |  |  | — |  |  | — |
Balance at end of year |  | $ | 4,635 |  |  | $ | 1,929 |  |  | $ | 1,929 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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