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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Current and Deferred Federal and State Income Tax Provision from Continuing Operations

The current and deferred federal and state income tax provision from continuing operations, are comprised of the following:

		December 31,
		2020				2019				2018
		(Amounts in Thousands)
Current
Federal		$	10,230			$	5,876			$	2,883
State			3,312				2,442				1,562
Deferred
Federal			(3,690	)			(734	)			(265	)
State			(1,043	)			(225	)			(84	)
Provision for income taxes		$	8,809			$	7,359			$	4,096

Deferred Tax Assets And Liabilities

The tax effects of certain temporary differences between the Company’s book and tax bases of assets and liabilities give rise to significant portions of the deferred income tax assets (liabilities) at December 31, 2020 and 2019. The deferred tax assets (liabilities) consisted of the following:

		December 31,
		2020				2019
		(Amounts in Thousands)
Deferred tax assets
Long-term
Accounts receivable allowances		$	14,023			$	9,256
Accrued compensation			3,580				2,765
Accrued workers’ compensation			3,220				3,327
Transaction costs			1,677				1,311
Restructuring costs			108				135
Stock-based compensation			833				793
Government stimulus advances			1,933				—
Operating lease liabilities			12,123				5,896
Other			1,269				584
Total long-term deferred tax assets			38,766				24,067
Deferred tax liabilities
Long-term
Goodwill and intangible assets			(18,891	)			(15,079	)
Property and equipment			(3,217	)			(1,037	)
Prepaid insurance			—				(534	)
Operating lease assets, net			(10,052	)			(5,606	)
Other			(82	)			(164	)
Total long-term deferred tax liabilities			(32,242	)			(22,420	)
Valuation allowance			—				—
Total net deferred tax assets		$	6,524			$	1,647

Reconciliation of Statutory Federal Tax Rate

A reconciliation for continuing operations of the statutory federal tax rate of 21.0% to the effective income tax rate, for the years ended December 31, 2020, 2019 and 2018, is summarized as follows:

		December 31,
		2020					2019					2018
Federal income tax at statutory rate			21.0		%			21.0		%			21.0		%
State and local taxes, net of federal benefit			6.0					6.4					6.3
Jobs tax credits, net			(5.1	)				(8.3	)				(10.7	)
162(m) disallowance for executive compensation			6.0					7.5					4.5
Nondeductible permanent items			0.4					0.7					2.2
Nondeductible penalties			—					1.3					—
Excess tax benefit			(5.6	)				(6.7	)				(2.7	)
Federal/state return to provision			(1.6	)				0.6					0.2
Other			(0.1	)				(0.3	)				(0.7	)
Effective income tax rate			21.0		%			22.2		%			20.1		%

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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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.

+ 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
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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.

+ 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
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