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Income Taxes (Tables)

12 Months Ended

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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- References

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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

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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

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- 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://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

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