XML 61 R44.htm IDEA: XBRL DOCUMENT v3.20.4

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Components of Provision for Income Taxes

Provision for income taxes consists of the following for the periods presented (in thousands):

		Year Ended December 31,
		2020				2019				2018
Current:
Federal		$	(18,215	)		$	18,954			$	13,962
State			4,981				3,440				1,113
Foreign			732				1,602				1,569
Total current			(12,502	)			23,996				16,644
Deferred:
Federal			46,442				(1,572	)			(7,176	)
State			564				2,509				(10	)
Foreign			6,102				152				449
Total deferred provision			53,108				1,089				(6,737	)
Provision for income taxes		$	40,606			$	25,085			$	9,907

Effective Income Tax Rate

A reconciliation of the U.S. federal statutory rate to the effective tax rate is as follows for the periods presented:

		Year Ended December 31,
		2020				2019				2018
U.S. federal statutory rate on income before income    taxes			21.0	%			21.0	%			21.0	%
Impact of foreign operations			(0.5	)			1.1				0.6
Effects of statutory rate change			3.2				—				—
Impacts of SAB 118			—				—				(16.4	)
State income taxes, net of federal tax effect			5.1				5.8				3.4
Permanent differences			1.5				3.3				9.2
Change in valuation allowance			127.4				0.6				(0.3	)
Unrecognized tax benefit release			(0.4	)			0.5				(0.9	)
Federal tax credits			(1.0	)			(2.2	)			(2.3	)
Basis recognition related to foreign divestiture			(129.9	)			—				—
CARES Act impacts to net operating losses			(4.5	)			—				—
Other			0.2				1.9				0.4
Effective income tax rate			22.1	%			32.0	%			14.7	%

Summary of Domestic and Foreign Components of Income from Continuing Operations before Income Taxes

The domestic and foreign components of income from continuing operations before income taxes for continuing operations are as follows (in thousands):

		Year Ended December 31,
		2020				2019				2018
Foreign		$	9,904			$	6,070			$	9,947
Domestic			173,893				72,325				57,448
Income from continuing operations before income taxes		$	183,797			$	78,395			$	67,395

Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities of the Company at December 31, 2020 and December 31, 2019 were as follows (in thousands):

		December 31,
		2020				2019
Deferred tax assets:
Net operating losses and tax credit    carryforwards – federal and state		$	7,682			$	9,913
Bad debt allowance			1,243				996
Accrued compensation and severance			20,889				14,241
Insurance reserves			18,497				16,485
Leases			846				800
Accrued expenses			11,817				1,020
Interest carryforwards			3,374				40,792
Lease right-of-use liabilities			24,402				26,375
Fixed asset basis difference			—				14,714
Basis in foreign subsidiary			239,073				—
Other assets			13,251				2,777
Total gross deferred tax assets			341,074				128,113
Less: valuation allowance			(241,225	)			(6,859	)
Deferred tax assets			99,849				121,254
Deferred tax liabilities:
Fixed asset basis difference			(5,553	)			—
Prepaid items			(2,960	)			(2,163	)
Intangible assets			(115,196	)			(100,881	)
Lease right-of-use assets			(22,948	)			(24,898	)
Other liabilities			—				(12,793	)
Total deferred tax liabilities			(146,657	)			(140,735	)
Total net deferred tax liability		$	(46,808	)		$	(19,481	)

Unrecognized Income Tax Benefits Net of Federal Benefit

A reconciliation of the beginning and ending amount of unrecognized income tax benefits, net of the federal benefit, is as follows (in thousands):

		2020				2019
Balance at January 1		$	2,441			$	713
Additions based on tax positions related to the    current year			—				3,001
Reductions as a result of the lapse of applicable    statutes of limitations and settlements with tax authorities			(381	)			(1,273	)
Balance at December 31		$	2,060			$	2,441

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=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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=84230637&loc=d3e32687-109319

+ Details

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

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=121610041&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration