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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | For the years ended December 31, 2024, 2023 and 2022, we have the following income (loss) before income taxes (in thousands):
| December 31,
| 2024 |  | 2023
US Domestic | $ | 60,704 |  |  | $ | 60,374 |
Foreign | (15,842) |  |  | (21,564) |
Income before income taxes | $ | 44,862 |  |  | $ | 38,810 |
Schedule of Components of Income Tax Expense | For the years ended December 31, 2024, 2023 and 2022, we recognized income tax expense comprised of the following (in thousands):
| December 31,
| 2024 |  | 2023
Federal current tax | $ | — |  |  | $ | — |
State current tax | 2,375 |  |  | 3,442 |
Foreign current tax | 1,302 |  |  | 638 |
Other current tax | — |  |  | — |
Federal deferred tax | 3,269 |  |  | 8,960 |
State deferred tax | (246) |  |  | (2,724) |
Foreign deferred tax | (674) |  |  | (1,843) |
Income tax expense | 6,026 |  |  | 8,473 |
Schedule of Reconciliation of Income Tax Expense | A reconciliation of the statutory U.S. federal rate and effective rates is as follows:
| Years Ended December 31,
| 2024 | 2023
Federal tax | $ | 9,416 |  |  | $ | 8,150 |
State franchise tax, net of federal benefit | 3,652 |  |  | 3,730 |
Other non deductible expenses | 781 |  |  | 133 |
Stock-based compensation | (2,367) |  |  | 63 |
Officer compensation | 1,435 |  |  | 1,199 |
Noncontrolling interests in partnerships | (7,581) |  |  | (5,752) |
Changes in valuation allowance | 4,675 |  |  | (2,569) |
Return to provision | (1,237) |  |  | 5,987 |
Deferred true-ups and other | (1,332) |  |  | 483 |
Foreign rate differential | (670) |  |  | (1,083) |
Uncertain tax provisions | (274) |  |  | (884) |
Tax rate adjustment | (458) |  |  | (984) |
Other differences | (14) |  |  | — |
Income tax expense | $ | 6,026 |  |  | $ | 8,473 |
Schedule of Deferred Tax Assets and Liabilities | Our deferred tax assets and liabilities comprise the following (in thousands):
| December 31,
Deferred tax assets: | 2024 |  | 2023
Net operating losses | $ | 46,868 |  |  | $ | 43,247 |
Accrued expenses | 5,087 |  |  | 4,432 |
Operating lease liability | 138,842 |  |  | 136,097 |
Amortization of research and experimental expenditures | 9,977 |  |  | 5,243 |
Equity compensation | 3,813 |  |  | 4,179 |
Allowance for doubtful accounts | 2,411 |  |  | 2,198 |
Limitation of business interest | 16,083 |  |  | 9,515 |
Other | 1,182 |  |  | 997 |
Valuation allowance | (13,797) |  |  | (9,688) |
Total deferred tax assets | $ | 210,466 |  |  | $ | 196,220 |
Deferred tax liabilities: |  |  |
Property and equipment | (20,383) |  |  | (7,851) |
Goodwill | (45,794) |  |  | (42,419) |
Intangibles | (13,206) |  |  | (15,578) |
Operating lease right-of-use asset | (124,427) |  |  | (122,840) |
Outside basis difference | (27,066) |  |  | (18,547) |
Other | (1,820) |  |  | (4,761) |
Total deferred tax liabilities | $ | (232,696) |  |  | $ | (211,996) |
Net deferred tax liability | $ | (22,230) |  |  | $ | (15,776) |
Schedule of Unrecognized Tax Benefits | A reconciliation of the total gross amounts of unrecognized tax benefits for the years ended are as follows (in thousands):
| December 31,
| 2024 |  | 2023
Balance at beginning of year | $ | 3,082 |  |  | $ | 4,144 |
Increases related to prior year tax positions | 276 |  |  | 54 |
Increases related to current year tax positions | 45 |  |  | 62 |
Expiration of the statute of limitations for the assessment of taxes | (381) |  |  | (1,180) |
Increase related to change in rate | 2 |  |  | 2 |
Balance at end of year | $ | 3,024 |  |  | $ | 3,082 |

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