XML 59 R42.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | The components of the Company’s income before income taxes and equity in earnings of non-consolidated affiliates by taxing jurisdiction for the years ended December 31, were:
| 2022 |  | 2021 |  | 2020
Income (Loss): |  |  |  |  |
U.S. | $ | 29,597 |  |  | $ | 38,717 |  |  | $ | 95,939 |
Non-U.S. | 43,904 |  |  | 20,841 |  |  | (18,599) |
| $ | 73,501 |  |  | $ | 59,558 |  |  | $ | 77,340 |
Schedule Of Components Of Income Taxes Provision Benefit | The provision (benefit) for income taxes by taxing jurisdiction for the years ended December 31, were:
| 2022 |  | 2021 |  | 2020
Current tax provision |  |  |  |  |
U.S. federal | $ | 3,913 |  |  | $ | 7,259 |  |  | $ | 5,812 |
U.S. state and local | 5,588 |  |  | 7,459 |  |  | 3,242 |
Non-U.S. | 16,398 |  |  | 12,498 |  |  | 2,346 |
| 25,899 |  |  | 27,216 |  |  | 11,400 |
Deferred tax provision (benefit): |  |  |  |  |
U.S. federal | (8,049) |  |  | (143) |  |  | (1,951) |
U.S. state and local | (6,439) |  |  | (2,521) |  |  | 389 |
Non-U.S. | (3,831) |  |  | (1,154) |  |  | (3,901) |
| (18,319) |  |  | (3,818) |  |  | (5,463) |
Income tax expense | $ | 7,580 |  |  | $ | 23,398 |  |  | $ | 5,937 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of income tax expense (benefit) using the U.S. federal income tax rate compared with actual income tax expense for the years ended December 31, is as follows:
| 2022 |  | 2021 |  | 2020
Income before income taxes, equity in non-consolidated affiliates and noncontrolling interest | $ | 73,501 |  |  | $ | 59,558 |  |  | $ | 77,340 |
Statutory income tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Tax expense using U.S. statutory income tax rate | $ | 15,435 |  |  | $ | 12,507 |  |  | $ | 16,241 |
Impact of disregarded entity structure | (3,355) |  |  | (6,954) |  |  | (16,049) |
Foreign, net | 2,111 |  |  | 5,995 |  |  | 752 |
State taxes, net | (850) |  |  | 4,327 |  |  | 1,980 |
Stock compensation | (1,342) |  |  | 4,009 |  |  | — |
Valuation allowance | 2,760 |  |  | (15) |  |  | 1,286 |
Revaluation of TRA step up | (6,952) |  |  | — |  |  | — |
Return to provision adjustments | (16,159) |  |  | — |  |  | — |
Goodwill impairments | 14,645 |  |  | — |  |  | — |
Other, net | 1,287 |  |  | 3,529 |  |  | 1,727 |
Income tax expense | $ | 7,580 |  |  | $ | 23,398 |  |  | $ | 5,937 |
Effective income tax rate | 10.3 | % |  | 39.3 | % |  | 7.7 | %
Schedule of Deferred Tax Assets and Liabilities | The tax effects of significant temporary differences representing deferred tax assets and liabilities at December 31, were as follows:
| 2022 |  | 2021 |  | 2020
Deferred tax assets: |  |  |  |  |
Net operating losses | $ | 38,871 |  |  | $ | 33,112 |  |  | $ | 10,229 |
Tax credits | 7,104 |  |  | 6,644 |  |  | 583 |
Operating lease liability | 52,442 |  |  | 48,173 |  |  | 4,141 |
Interest deductions | 29,530 |  |  | 30,760 |  |  | — |
Accruals and other liabilities | 2,794 |  |  | 3,720 |  |  | — |
TRA and related step-up, net of amortization | 32,890 |  |  | — |  |  | — |
Other | 14,557 |  |  | 15,160 |  |  | 3,344 |
Gross deferred tax asset | 178,188 |  |  | 137,569 |  |  | 18,297 |
Less: valuation allowance | (12,223) |  |  | (5,825) |  |  | (5,551) |
Net deferred tax assets | $ | 165,965 |  |  | $ | 131,744 |  |  | $ | 12,746 |
Deferred tax liabilities: |  |  |  |  |
Right-of-use lease asset - operating leases | 40,012 |  |  | 37,001 |  |  | 3,577 |
Property and equipment, net | 6,839 |  |  | 4,212 |  |  | 463 |
Goodwill and intangibles | 90,599 |  |  | 83,607 |  |  | 21,959 |
Residual basis differences | — |  |  | 102,297 |  |  | — |
Other | 940 |  |  | 6,854 |  |  | 2,639 |
Total deferred tax liabilities | 138,390 |  |  | 233,971 |  |  | 28,638 |
Net deferred tax asset (liability) | $ | 27,575 |  |  | $ | (102,227) |  |  | $ | (15,892) |
Deferred tax assets | $ | 67,684 |  |  | $ | 866 |  |  | $ | 158 |
Deferred tax liabilities | (40,109) |  |  | (103,093) |  |  | (16,050) |
| $ | 27,575 |  |  | $ | (102,227) |  |  | $ | (15,892) |
Schedule Of Changes In Tax Reserve |
| 2022 |  | 2021 |  |
A reconciliation of the change in unrecognized tax benefits is as follows: |  |  |  |  |
Unrecognized tax benefit - Beginning Balance | $ | 1,038 |  |  | $ | — |  |  |
Current year positions | — |  |  | — |  |  |
Prior period positions | 1,850 |  |  | 1,038 |  |  |
Settlements | (477) |  |  | — |  |  |
Lapse of statute of limitations | (275) |  |  | — |  |  |
Unrecognized tax benefits - Ending Balance | $ | 2,136 |  |  | $ | 1,038 |  |  |

X
- Definition Schedule Of Changes In Tax Reserve + References No definition available. + Details
Name: | stgw_ScheduleOfChangesInTaxReserveTableTextBlock
Namespace Prefix: | stgw_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Components Of Income Taxes Provision Benefit + References No definition available. + Details
Name: | stgw_ScheduleOfComponentsOfIncomeTaxesProvisionBenefitTableTextBlock
Namespace Prefix: | stgw_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 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

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration