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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Benefit for Income Taxes

A summary of the provision for income taxes is as follows:

			Fiscal Year Ended December 31,
			2023						2022						2021
Federal
Deferred			8,155						15,645						12,356
			8,155						15,645						12,356
State
Current			4,385						5,362						1,873
Deferred			(894)						880						2,717
			3,491						6,242						4,590
Provision for income taxes			$	11,646					$	21,887					$	16,946

Schedule of Difference in Benefit for Income Taxes

The differences in the provision for income taxes and the amounts determined by applying the Federal statutory rate to income before income taxes are as follows:

			Fiscal Year Ended December 31,
			2023						2022						2021
Federal statutory rate			21		%				21		%				21		%
Tax at statutory rate			$	7,779					$	15,743					$	12,190
State income taxes, net of federal benefit			1,383						6,087						3,868
Change in valuation allowance			912						(1,425)						(388)
Federal effect of change in state valuation allowance			(312)						282						74
Non-deductible officer compensation			996						1,300						1,338
Non-deductible expenses			809						782						322
Deductible stock awards			(963)						(627)						(363)
Tax credits			(60)						(83)						(153)
Reversal of disproportionate tax effects in other comprehensive (loss) income			938						—						—
Other, net			164						(172)						58
Provision for income taxes			$	11,646					$	21,887					$	16,946

Schedule of Deferred Tax Assets and Liabilities

:

			December 31,
			2023						2022
Deferred tax assets:
Accrued expenses and reserves			$	49,339					$	43,437
Net operating loss carryforwards			30,165						13,398
General business and state tax credit carryforwards			6,862						6,987
Interest expense limitation			6,690						—
Stock awards			2,690						2,728
Unrealized loss on swaps			375						—
Other			1,567						2,419
Total deferred tax assets			97,688						68,969
Less: valuation allowance			(5,580)						(4,668)
Total deferred tax assets after valuation allowance			92,108						64,301
Deferred tax liabilities:
Tax over book depreciation of property and equipment			(58,927)						(21,561)
Amortization of intangibles			(22,540)						(17,252)
Unrealized gain on swaps			—						(3,022)
Other			(44)						—
Total deferred tax liabilities			(81,511)						(41,835)
Net deferred tax asset			$	10,597					$	22,466

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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
-Publisher FASB
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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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-Paragraph 2
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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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