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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
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 as of the periods below were as follows.
|  | As of the Year Ended |
|  | December 31, 2024 |  |  | December 31, 2023 |
|  | (In thousands) |
Deferred tax assets: |  |  |  |  |  |
Compensation |  | $ | 2,370 |  |  | $ | 1,680 |
Provision for credit losses |  |  | 747 |  |  |  | 574 |
Lease obligations - including closed clinics |  |  | 36,205 |  |  |  | 28,592 |
Deferred tax assets |  | $ | 39,322 |  |  | $ | 30,846 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | (32,392 | ) |  | $ | (27,290 | )
Operating lease right-of-use assets |  |  | (34,221 | ) |  |  | (26,427 | )
Gain on cash flow hedge |  |  | (960 | ) |  |  | (955 | )
Change in revaluation of put-right liability |  |  | (638 | ) |  |  | (586 | )
Other |  |  | (576 | ) |  |  | (403 | )
Deferred tax liabilities |  |  | (68,787 | ) |  |  | (55,661 | )
Net deferred tax liabilities |  | $ | (29,465 | ) |  | $ | (24,815 | )
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, were as follows for the periods presented:
|  | For the Year Ended |
|  | December 31, 2024 |  |  | December 31, 2023 |  |  | December 31, 2022 |
|  | (In thousands) |
U.S. tax at statutory rate |  | $ | 9,667 |  |  |  | 21.0 | % |  | $ | 8,483 |  |  |  | 21.0 | % |  | $ | 9,307 |  |  |  | 21.0 | %
State income taxes, net of federal benefit |  |  | 2,945 |  |  |  | 6.4 | % |  |  | 2,135 |  |  |  | 5.3 | % |  |  | 2,079 |  |  |  | 4.7 | %
Shortfall (excess) equity compensation deduction |  |  | 75 |  |  |  | 0.2 | % |  |  | 123 |  |  |  | 0.3 | % |  |  | 149 |  |  |  | 0.3 | %
Non-deductible expenses |  |  | 907 |  |  |  | 2.0 | % |  |  | 710 |  |  |  | 1.8 | % |  |  | 629 |  |  |  | 1.4 | %
Return to provision adjustments |  |  | 1,015 |  |  |  | 2.1 | % |  |  | 705 |  |  |  | 1.7 | % |  |  | - |  |  |  | 0.0 | %
|  | $ | 14,609 |  |  |  | 31.7 | % |  | $ | 12,156 |  |  |  | 30.1 | % |  | $ | 12,164 |  |  |  | 27.4 | %
Significant Components of Provision for Income Taxes for Continuing Operations | Significant components of the provision for income taxes were as follows for the periods presented.
|  | For the Year Ended |
|  | December 31, 2024 |  |  | December 31, 2023 |  |  | December 31, 2022 |
|  | (In thousands) |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 5,805 |  |  | $ | 6,996 |  |  | $ | (770 | )
State |  |  | 3,930 |  |  |  | 512 |  |  |  | 518 |
Total current |  |  | 9,735 |  |  |  | 7,508 |  |  |  | (252 | )
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 4,006 |  |  |  | 3,819 |  |  |  | 9,933 |
State |  |  | 868 |  |  |  | 829 |  |  |  | 2,483 |
Total deferred |  |  | 4,874 |  |  |  | 4,648 |  |  |  | 12,416 |
Total income tax provision |  | $ | 14,609 |  |  | $ | 12,156 |  |  | $ | 12,164 |

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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