XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
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:
|  | For the Years Ended December 31, |
|  | (Amounts in Thousands) |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Current |  |  |  |  |  |  |  |  |
Federal |  | $ | 7,075 |  |  | $ | 4,603 |  |  | $ | 10,230 |
State |  |  | 3,090 |  |  |  | 2,398 |  |  |  | 3,312 |
Deferred |  |  |  |  |  |  |  |  |
Federal |  |  | 3,118 |  |  |  | 6,407 |  |  |  | (3,690 | )
State |  |  | 863 |  |  |  | 1,864 |  |  |  | (1,043 | )
Provision for income taxes |  | $ | 14,146 |  |  | $ | 15,272 |  |  | $ | 8,809 |
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, 2022 and 2021. The deferred tax assets (liabilities) consisted of the following:
|  | For the Years Ended December 31, |
|  | (Amounts in Thousands) |
|  | 2022 |  |  | 2021 |
Deferred tax assets |  |  |  |  |  |
Long-term |  |  |  |  |  |
Accounts receivable allowances |  | $ | 18,515 |  |  | $ | 14,590 |
Operating lease liabilities |  |  | 12,472 |  |  |  | 11,623 |
Accrued compensation |  |  | 3,676 |  |  |  | 3,752 |
Accrued workers’ compensation |  |  | 3,296 |  |  |  | 3,119 |
Transaction costs |  |  | 2,056 |  |  |  | 1,803 |
Stock-based compensation |  |  | 1,473 |  |  |  | 1,293 |
Government stimulus advances |  |  | — |  |  |  | 1,138 |
Restructuring costs |  |  | 54 |  |  |  | 119 |
Other |  |  | 1,420 |  |  |  | 793 |
Total long-term deferred tax assets |  |  | 42,962 |  |  |  | 38,230 |
Deferred tax liabilities |  |  |  |  |  |
Long-term |  |  |  |  |  |
Goodwill and intangible assets |  |  | (34,310 | ) |  |  | (26,097 | )
Operating lease assets, net |  |  | (10,323 | ) |  |  | (9,571 | )
Property and equipment |  |  | (3,123 | ) |  |  | (3,415 | )
Insurance premiums |  |  | (916 | ) |  |  | (876 | )
Total long-term deferred tax liabilities |  |  | (48,672 | ) |  |  | (39,959 | )
Total net deferred tax (liabilities) assets |  | $ | (5,710 | ) |  | $ | (1,729 | )
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 is summarized as follows:
|  | For the Years Ended December 31, |  |
|  | 2022 |  |  |  | 2021 |  |  |  | 2020 |  |
Federal income tax at statutory rate |  |  | 21.0 |  | % |  |  | 21.0 |  | % |  |  | 21.0 |  | %
State and local taxes, net of federal benefit |  |  | 5.9 |  |  |  |  | 6.3 |  |  |  |  | 6.0 |  |
162(m) disallowance for executive compensation |  |  | 3.2 |  |  |  |  | 3.5 |  |  |  |  | 6.0 |  |
Nondeductible penalties |  |  | — |  |  |  |  | 0.6 |  |  |  |  | — |  |
Excess tax benefit |  |  | (0.4 | ) |  |  |  | (2.0 | ) |  |  |  | (5.6 | ) |
Jobs tax credits, net |  |  | (5.1 | ) |  |  |  | (4.1 | ) |  |  |  | (5.1 | ) |
Nondeductible permanent items |  |  | — |  |  |  |  | — |  |  |  |  | 0.4 |  |
Federal/state return to provision |  |  | (1.0 | ) |  |  |  | — |  |  |  |  | (1.6 | ) |
Other |  |  | (0.1 | ) |  |  |  | (0.1 | ) |  |  |  | (0.1 | ) |
Effective income tax rate |  |  | 23.5 |  | % |  |  | 25.2 |  | % |  |  | 21.0 |  | %

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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration