XML 64 R47.htm IDEA: XBRL DOCUMENT v3.22.0.1

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

The current and deferred components of the income tax (benefit) provision included in the Consolidated Statements of Operations are as follows:

 

			Year Ended December 31,
			2021						2020						2019
Current:
Federal			$	602					$	(110)					$	55
State and local			625						328						423
Foreign			(11)						496						188
Total current provision			1,216						714						666
Deferred:
Federal			(2,831)						(1,750)						12,937
State and local			260						13						(638)
Foreign			298						(4,882)						4,845
Total deferred (benefit) provision			(2,273)						(6,619)						17,144
(Benefit from) provision for income taxes:
Continuing operations			(1,057)						(5,905)						17,810
Discontinued operations			—						—						1,076
Total			$	(1,057)					$	(5,905)					$	18,886

Schedule of Effective Income Tax Rate Reconciliation

The difference between our reported total provision for income taxes and the U.S. federal statutory rate of 21% is as follows:

 

			Year Ended December 31,
			2021						2020						2019
U.S. federal tax at statutory rate			21.0		%				21.0		%				21.0		%
Income not subject to tax at statutory rate			(4.8)		%				(7.9)		%				(21.7)		%
State and local taxes			(0.6)		%				(0.3)		%				(0.1)		%
Foreign taxes			(0.2)		%				4.0		%				2.7		%
Branch profit tax			(0.1)		%				—		%				—		%
Other			(3.7)		%				0.1		%				(0.6)		%
Change in valuation allowance			(10.8)		%				(11.5)		%				7.0		%
Provision for income taxes			0.8		%				5.4		%				8.3		%

Schedule of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities are as follows:

			December 31,
			2021						2020
Deferred tax assets:
Net operating loss carryforwards			$	132,836					$	105,184
Accrued expenses			2,274						468
Interest expense			25,013						26,531
Operating lease liabilities			23,504						10,119
Investment in Partnerships			17,043						—
Other			1,124						2,895
Total deferred tax assets			201,794						145,197
Less valuation allowance			(142,541)						(98,091)
Net deferred tax assets			59,253						47,106
Deferred tax liabilities:
Investment in partnerships			—						(13,759)
Fixed assets and goodwill			(36,972)						(29,448)
Operating lease right-of-use assets			(23,772)						(10,062)
Net deferred tax liabilities			$	(1,491)					$	(6,163)

Summary of Valuation Allowance

A summary of the changes in the valuation allowance is as follows:

			December 31,
			2021						2020
Valuation allowance at beginning of period			$	98,091					$	79,176
Change due to current year losses			44,458						18,915
Change due to current year releases			(8)						—
Valuation allowance at end of period			$	142,541					$	98,091

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration