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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

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,
			2024						2023						2022
Federal
Current			$	911					$	—					$	—
Deferred			8,652						8,155						15,645
			9,563						8,155						15,645
State
Current			(297)						4,385						5,362
Deferred			(1,754)						(894)						880
			(2,051)						3,491						6,242
Provision for income taxes			$	7,512					$	11,646					$	21,887

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,
			2024						2023						2022
Federal statutory rate			21		%				21		%				21		%
Tax at statutory rate			$	4,420					$	7,779					$	15,743
State income taxes, net of federal benefit			(1,660)						620						4,203
Change in valuation allowance			68						1,675						459
Federal effect of change in state valuation allowance			—						(312)						282
Expired tax attributes			497						—						—
Non-deductible officer compensation			1,172						996						1,300
Other non-deductible expenses			2,931						809						782
Deductible stock awards			103						(963)						(627)
Tax credits			63						(60)						(83)
Reversal of disproportionate tax effects in other comprehensive (loss) income			—						938						—
Other, net			(82)						164						(172)
Provision for income taxes			$	7,512					$	11,646					$	21,887

Schedule of Deferred Tax Assets and Liabilities

A summary of deferred tax assets and liabilities is as follows:

			December 31,
			2024						2023
Deferred tax assets:
Accrued expenses and reserves			$	60,319					$	49,339
Net operating loss carryforwards			26,544						35,571
General business and state tax credit carryforwards			3,900						6,862
Interest expense limitation			10,089						6,690
Stock awards			3,256						2,690
Unrealized loss on swaps			—						375
Other			1,024						1,567
Total deferred tax assets			105,132						103,094
Less: valuation allowance			(8,456)						(10,986)
Total deferred tax assets after valuation allowance			96,676						92,108
Deferred tax liabilities:
Tax over book depreciation of property and equipment			(71,467)						(58,927)
Amortization of intangibles			(42,961)						(22,540)
Unrealized gain on swaps			(1,337)						—
Other			—						(44)
Total deferred tax liabilities			(115,765)						(81,511)
Net deferred tax (liability) asset			$	(19,089)					$	10,597

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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
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-Section 50
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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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-Topic 740
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-Name Accounting Standards Codification
-Section 55
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