XML 92 R46.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Provision | The income tax provision (benefit) for the years ended December 31, 2017, 2018 and 2019 is summarized below (in thousands):
| 2017 |  | 2018 |  | 2019
Current: |  |  |  |  |
Federal | $ | 21,156 |  |  | $ | 9,069 |  |  | $ | 37,878 |
State | 4,477 |  |  | 3,785 |  |  | 11,584 |
Total current | 25,633 |  |  | 12,854 |  |  | 49,462 |
Deferred: |  |  |  |  |
Change in federal tax rate due to the 2017 Act | 11,375 |  |  | — |  |  | — |
Federal | (3,193 | ) |  | (13,381 | ) |  | (7,009 | )
State | (1,781 | ) |  | (2,941 | ) |  | 133 |
Total deferred | 6,401 |  |  | (16,322 | ) |  | (6,876 | )
Total provision (benefit) for income taxes | $ | 32,034 |  |  | $ | (3,468 | ) |  | $ | 42,586 |
Schedule of Tax Effects of Principal Temporary Differences Affecting Net Deferred Tax Assets (Liabilities) | The tax effects of the principal temporary differences that give rise to the Company’s net deferred tax asset (liability) are as follows as of December 31, 2018 and 2019 (in thousands):
| 2018 |  | 2019
Deferred leasing costs | $ | 1,673 |  |  | $ | 27,074 |
Allowance for doubtful accounts | 7,943 |  |  | 8,884 |
Contract liabilities | 6,107 |  |  | 8,139 |
Stock-based compensation | 19,834 |  |  | 6,322 |
Capital loss carryforward | 4,174 |  |  | 4,459 |
Other | 3,650 |  |  | 1,955 |
Other facility-related costs | 2,080 |  |  | 489 |
Intangible assets | (82,022 | ) |  | (65,777 | )
Right-of-use lease assets | — |  |  | (21,673 | )
Property and equipment | (18,441 | ) |  | (13,120 | )
Valuation allowance | (4,356 | ) |  | (4,694 | )
Net deferred tax asset (liability) | $ | (59,358 | ) |  | $ | (47,942 | )
Summary of Changes in Unrecognized Tax Benefits | The following table summarizes changes in unrecognized tax benefits, excluding interest and penalties, for the respective periods (in thousands):
| Year Ended December 31,
| 2018 |  | 2019
Beginning unrecognized tax benefits | $ | — |  |  | $ | 624 |
Additions for tax positions taken in the prior year | — |  |  | 845 |
Additions from merger | 687 |  |  | — |
Reductions for tax positions taken in prior years | (63 | ) |  | (304 | )
Ending unrecognized tax benefits | $ | 624 |  |  | $ | 1,165 |
Schedule of Reconciliation Between Statutory Tax Rate and Effective Tax Rate | A reconciliation between the Company’s statutory tax rate and the effective tax rate for the years ended December 31, 2017, 2018, and 2019 is as follows:
| 2017 |  | 2018 |  | 2019
Statutory federal rate | 35.0 | % |  | 21.0 | % |  | 21.0 | %
State income taxes, net of federal benefits | 4.2 |  |  | (1.4 | ) |  | 4.6 |
Adjustment to deferred tax assets as a result of the 2017 Act | 21.8 |  |  | — |  |  | — |
Termination of deferred compensation arrangements | — |  |  | — |  |  | 9.2 |
Transaction costs | 5.2 |  |  | (6.2 | ) |  | — |
Adjustments to contingent consideration | (5.0 | ) |  | — |  |  | — |
Excess tax benefit on share-based compensation | — |  |  | 15.5 |  |  | (2.6 | )
Impairment of intangible assets | — |  |  | (15.3 | ) |  | — |
Acceleration of deductions due to change in tax law | — |  |  | 6.4 |  |  | — |
Other | (0.4 | ) |  | (1.9 | ) |  | 2.2 |
Effective tax rate | 60.8 | % |  | 18.1 | % |  | 34.4 | %

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 for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration