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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The benefit (provision) for income taxes is comprised of the following.
| For the Years Ended December 31,
(in thousands) | 2021 |  | 2020 |  | 2019
Federal: |  |  |  |  |
Current | $ | 161 |  |  | $ | 55 |  |  | $ | 64 |
Deferred | 9,837 |  |  | 5,840 |  |  | 2,654 |
Total federal | 9,998 |  |  | 5,895 |  |  | 2,718 |
State: |  |  |  |  |
Current | (1,835) |  |  | (11,247) |  |  | (449) |
Deferred (included in federal above) | — |  |  | — |  |  | — |
Total state | (1,835) |  |  | (11,247) |  |  | (449) |
Total | $ | 8,163 |  |  | $ | (5,352) |  |  | $ | 2,269 |
Reconciliation of Income Tax Expense (Benefit) | A reconciliation of the benefit (provision) for income taxes to the amount computed at the U.S. Federal statutory rate of 21% is as follows.
| For the Years Ended December 31,
(in thousands) | 2021 |  | 2020 |  | 2019
Tax benefit (provision) at U.S. statutory rate | $ | 22,565 |  |  | $ | (18,348) |  |  | $ | 56,742 |
State taxes, net of federal income tax | 7,673 |  |  | (11,909) |  |  | 10,423 |
Valuation allowance | 13,027 |  |  | 27,913 |  |  | (60,376) |
Goodwill derecognition | (31,829) |  |  | — |  |  | — |
Stock compensation | (1,856) |  |  | (2,118) |  |  | (2,639) |
Officer compensation | (1,107) |  |  | (280) |  |  | (204) |
Meals and entertainment | (146) |  |  | (169) |  |  | (416) |
Other | (164) |  |  | (441) |  |  | (1,261) |
Total | $ | 8,163 |  |  | $ | (5,352) |  |  | $ | 2,269 |
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company's deferred tax assets and liabilities are as follows.
| As of December 31,
(in thousands) | 2021 |  | 2020
Deferred income tax assets: |  |  |
Operating loss carryforwards | $ | 281,384 |  |  | $ | 237,728 |
Operating lease obligations | 208,460 |  |  | 322,122 |
Financing lease obligations | 87,992 |  |  | 90,011 |
Accrued expenses | 56,151 |  |  | 96,410 |
Intangible assets | 50,576 |  |  | 60,069 |
Tax credits | 50,415 |  |  | 50,356 |
Investment in unconsolidated ventures | — |  |  | 5,105 |
Capital loss carryforward | 2,205 |  |  | 2,263 |
Other | 6,450 |  |  | 8,561 |
Total gross deferred income tax asset | 743,633 |  |  | 872,625 |
Valuation allowance | (367,963) |  |  | (380,990) |
Net deferred income tax assets | 375,670 |  |  | 491,635 |
Deferred income tax liabilities: |  |  |
Property, plant and equipment | (202,103) |  |  | (223,703) |
Operating lease right-of-use assets | (158,237) |  |  | (277,489) |
Investment in unconsolidated ventures | (15,051) |  |  | — |
Total gross deferred income tax liability | (375,391) |  |  | (501,192) |
Net deferred tax asset (liability) | $ | 279 |  |  | $ | (9,557) |
Reconciliation of Unrecognized Tax Benefits | A reconciliation of the unrecognized tax benefits is as follows.
| For the Years Ended December 31,
(in thousands) | 2021 |  | 2020
Balance at beginning of period | $ | 18,385 |  |  | $ | 18,326 |
Additions for tax positions related to the current year | — |  |  | — |
Additions (reductions) for tax positions related to prior years | (296) |  |  | 59 |
Balance at end of period | $ | 18,089 |  |  | $ | 18,385 |

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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 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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