XML 54 R39.htm IDEA: XBRL DOCUMENT v3.22.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Taxes [Abstract]

Components of Deferred Tax Assets and Liabilities Included in Consolidated Balance Sheets

Significant components of deferred tax assets and liabilities included in the consolidated balance sheets at December 31, 2021 and 2020 were as follows (in thousands):

		December 31, 2021				December 31, 2020
Deferred tax assets:
Compensation		$	2,817			$	1,865
Allowance for credit losses			573				396
Acquired net operating losses			-				558
Lease obligations - including closed clinics			26,856				23,819
Deferred tax assets		$	30,246			$	26,638
Deferred tax liabilities:
Depreciation and amortization		$	(19,607	)		$	(12,650	)
Operating lease right-of-use assets			(24,637	)			(21,419	)
Other			(387	)			(348	)
Deferred tax liabilities			(44,631	)			(34,417	)
Net deferred tax liability		$	(14,385	)		$	(7,779	)

Differences Between Federal Tax Rate and Company's Effective Tax Rate for Results of Continuing Operations

The differences between the federal tax rate and the Company’s effective tax rate for the years ended December 31, 2021, 2020 and 2019 were as follows (in thousands):

		December 31, 2021								December 31, 2020								December 31, 2019
U. S. tax at statutory rate		$	11,782				21.0	%		$	10,125				21.0	%		$	11,274				21.0	%
State income taxes, net of federal benefit			2,478				4.4	%			1,956				3.9	%			2,059				3.8	%
Excess equity compensation deduction			(246	)			-0.4	%			(99	)			0.0%	%			(871	)			-1.6	%
Non-deductible expenses			1,258				2.2	%			1,040				2.1	%			1,185				2.2	%
		$	15,272				27.2	%		$	13,022				27.0	%		$	13,647				25.4	%

Significant Components of Provision for Income Taxes for Continuing Operations

Significant components of the provision for income taxes for the years ended December 31, 2021, 2020 and 2019 were as follows (in thousands):

		December 31, 2021				December 31, 2020				December 31, 2019
Current:
Federal		$	7,477			$	10,506			$	6,523
State			2,107				2,774				2,473
Total current			9,584				13,280				8,996
Deferred:
Federal			4,866				(38	)			3,730
State			822				(220	)			921
Total deferred			5,688				(258	)			4,651
Total income tax provision		$	15,272			$	13,022			$	13,647

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=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 http://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 http://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