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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income (loss) before income taxes for the United States and non-U.S. jurisdictions for the years ended December 31, 2024, 2023, and 2022 are as follows (in thousands):

			2024						2023						2022
Income (loss) before income taxes:
United States			$	(946,388)					$	315,897					$	165,878
Non-U.S.			(10,558)						(8,793)						1,984
			$	(956,946)					$	307,104					$	167,862

Schedule of Components of Income Tax Provision

Components of the income tax provision applicable to federal, state and foreign income taxes for the years ended December 31, 2024, 2023 and 2022 are as follows (in thousands):

			2024						2023						2022
Federal income tax expense (benefit):
Current			$	417					$	—					$	480
Deferred			(1,390)						44,369						11,820
			(973)						44,369						12,300
State income tax expense (benefit):
Current			4,882						7,002						2,647
Deferred			(1,412)						11,279						(4,896)
			3,470						18,281						(2,249)
Foreign income tax expense (benefit):
Current			5,269						1,578						2,750
Deferred			1,687						(3,076)						403
			6,956						(1,498)						3,153
Total income tax expense (benefit):
Current			10,568						8,580						5,877
Deferred			(1,115)						52,572						7,327
Total income tax expense			$	9,453					$	61,152					$	13,204

Schedule of Difference Between Statutory Federal Income Tax Rate and Effective Income Tax Rate

The differences between the statutory U.S. federal income tax rate and the effective income tax rate for the years ended December 31, 2024, 2023 and 2022 are summarized as follows:

			2024						2023						2022
Statutory tax rate			21.0		%				21.0		%				21.0		%
State income taxes - net of the federal income tax benefit			0.5						3.2						3.0
State deferred tax remeasurement			(0.7)						(0.3)						9.4
Goodwill impairment			(19.4)						—						—
Valuation allowance			(1.3)						(9.2)						(33.4)
U.S. impact of foreign operations			(0.2)						—						1.3
Acquisition related costs			—						1.1						—
Effect of foreign taxes			0.3						0.1						1.6
Non-deductible compensation			(0.7)						1.8						4.3
Share-based compensation			(0.3)						1.6						(1.9)
Non-deductible expenses			(0.7)						0.7						1.2
Other differences, net			0.5						(0.1)						1.4
Effective tax rate			(1.0		%)				19.9		%				7.9		%

Schedule of Tax Effect of Temporary Differences and Tax Attributes Representing Deferred Tax Assets and Liabilities

The tax effect of temporary differences and tax attributes representing deferred tax assets and liabilities at December 31, 2024 and 2023 are as follows (in thousands):

			2024						2023
Deferred tax assets:
Net operating loss carryforwards			$	406,876					$	498,948
Tax credits			17,254						13,488
Expense associated with stock options and restricted stock units			8,344						10,892
Workers’ compensation allowance			9,437						7,024
Other deferred tax asset			79,132						69,480
			521,043						599,832
Less:
Allowance to reduce deferred tax asset to expected realizable value			(86,693)						(75,250)
Total deferred tax assets			434,350						524,582
Deferred tax liabilities:
Property and equipment basis difference			(654,541)						(729,376)
Other			(17,906)						(39,386)
Total deferred tax liabilities			(672,447)						(768,762)
Net deferred tax liability			$	(238,097)					$	(244,180)

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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.

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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.

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

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