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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit)

The Company’s income tax expense (benefit) consisted of the following:

						Year Ended December 31,
(in thousands)						2023						2022						2021
Current tax provision
Federal						$	193					$	181					$	170
State						844						1,340						865
Total current tax provision						1,037						1,521						1,035
Deferred tax expense (benefit)
Federal						1,605						(6,081)						(2,265)
State						4,325						7,159						(398)
Total deferred tax provision						5,930						1,078						(2,663)
Income tax expense (benefit)						$	6,967					$	2,599					$	(1,628)

Schedule of Effective Income Tax Rate Reconciliation

The Company’s effective income tax rate differs from the U.S. federal statutory income tax rate as itemized below:

						Year Ended December 31,
						2023						2022						2021
U.S. federal statutory income tax rate						21.0		%				21.0		%				21.0		%
Income allocable to non-controlling interests not subject to tax						6.3		%				(32.9)		%				(18.4)		%
State and local income taxes, net of federal benefit						10.1		%				(9.5)		%				(0.8)		%
State rate adjustment						17.5		%				(39.1)		%				—		%
Net impact of GAAP basis shifts						—		%				—		%				(0.2)		%
Non-deductible compensation						0.7		%				(2.0)		%				(0.2)		%
Tax credits						(12.9)		%				10.1		%				0.3		%
TRA adjustments						0.2		%				4.4		%				—		%
Return-to-provision adjustments						(5.4)		%				32.4		%				—		%
Stock-based compensation						3.8		%				—		%				—		%
Other						0.4		%				—		%				—		%
Valuation allowance						(0.5)		%				—		%				(0.3)		%
Effective income tax rate						41.2		%				(15.6)		%				1.4		%

Schedule of Components of Deferred Tax Assets

The components of the Company’s deferred tax assets are as follows:

(in thousands)						December 31, 2023						December 31, 2022
Deferred tax assets
Investment in Dutch Bros OpCo						$	346,172					$	255,763
Net operating loss carryforwards						34,988						19,356
Interest expense						14,187						7,781
Credit carryforwards						4,991						2,813
Charitable contribution carryforward						1,546						1,498
Other						2,130						2,661
Total deferred tax assets						404,014						289,872
Less: valuation allowance						(1,019)						(1,107)
Net deferred tax assets						$	402,995					$	288,765

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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

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
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- 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.

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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.

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