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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of components of the income tax expense (benefit)

The components of the income tax expense (benefit) are as follows (in thousands):

			Year Ended December 31,
			2022						2021						2020
Current income tax expense (benefit):
Federal			$	—					$	128					$	(10,705)
State			353						262						372
Current income tax expense (benefit)			353						390						(10,333)
Deferred income tax provision (benefit):
Federal			98,772						9,912						(7,495)
State			33,894						996						(2,133)
Deferred income tax provision (benefit)			132,666						10,908						(9,628)
Income tax expense (benefit)			$	133,019					$	11,298					$	(19,961)

Schedule of reconciliation of total income tax expense (benefit) to amounts computed by applying statutory federal income tax rate to income (loss) from continuing operations before income taxes

A reconciliation of the income tax expense (benefit) to the amounts computed by applying the statutory federal income tax rate to income (loss) from continuing operations before income taxes is shown as follows (in thousands):

			Year Ended December 31,
			2022						2021						2020
Federal statutory income tax			$	(11,538)					$	17,731					$	(8,931)
State income taxes, net			365						1,269						(3,551)
Excess tax deductions on non-cash compensation			4,117						(9,401)						(2,033)
Impact of the Coronavirus Aid, Relief, and Economic Security Act			—						—						(6,104)
Research and experimentation tax credit			(2,906)						(3,207)						(3,800)
Nondeductible executive compensation			2,692						3,058						1,778
Increase (decrease) in valuation allowance			139,374						595						2,100
Uncertain tax positions			405						435						458
Nondeductible meals & entertainment			267						239						99
Other, net			243						579						23
Income tax expense (benefit)			$	133,019					$	11,298					$	(19,961)

Schedule of components of the deferred tax assets and deferred tax liabilities

The tax effects of cumulative temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows (in thousands):

			December 31,
			2022						2021
Deferred tax assets:
Provision for accrued expenses			$	3,257					$	5,405
Leasing			25,213						27,419
Net operating loss carryforwards (a)			59,302						66,977
Capitalized research and experimentation			17,843						—
Non-cash compensation expense			30,451						26,756
Intangible assets			10,240						15,222
Interest			30,054						8,036
Tax credits			16,174						15,848
Other			104						1,079
Total gross deferred tax assets			192,638						166,742
Less: valuation allowance (b)			(145,401)						(6,039)
Total deferred tax assets, net of the valuation allowance			47,237						160,703
Deferred tax liabilities:
Leasing			(21,445)						(24,590)
Property and equipment			(6,227)						(8,156)
Equity investment			(25,756)						(25,608)
Other			(592)						(444)
Total gross deferred tax liabilities			(54,020)						(58,798)
Net deferred taxes			$	(6,783)					$	101,905

(a)At December 31, 2022, the Company had pre-tax consolidated federal net operating losses (“NOLs”) of $187.9 million. The federal NOLs no longer expire under the new TCJA. The Company's NOLs will be available to offset taxable income subject to the Internal Revenue Code Section 382 annual limitation. In addition, the Company has state NOLs of approximately $517.0 million at December 31, 2022 a portion of which will expire at various times between 2023 and 2042.

(b)The valuation allowance is related to items for which it is “more likely than not” that the tax benefit will not be realized.

Deferred income taxes are presented in the accompanying consolidated balance sheets as follows (in thousands):

			December 31,
			2022						2021
Deferred income tax assets			$	—					$	87,581
Non-current assets of discontinued operations			—						16,589
Deferred income tax liabilities			(6,783)						(2,265)
Net deferred taxes			$	(6,783)					$	101,905

Schedule of the deferred tax valuation allowance reconciliation

A reconciliation of the beginning and ending balances of the deferred tax valuation allowance is as follows (in thousands):

			Year Ended December 31,
			2022						2021						2020
Balance, beginning of the period			$	6,039					$	5,802					$	4,102
Charges to earnings			139,362						237						1,700
Balance, end of the period			$	145,401					$	6,039					$	5,802

Schedule of reconciliation of beginning and ending amounts of unrecognized tax benefits, excluding interest and penalties

A reconciliation of the beginning and ending amounts of unrecognized tax benefits, excluding interest and penalties, is as follows (in thousands):

			Year Ended December 31,
			2022						2021
Balance, beginning of the period			$	2,914					$	2,613
Additions based on tax positions of the current period			405						435
Additions (subtractions) based on tax positions of the prior period			(37)						(134)
Balance, end of the period			$	3,282					$	2,914

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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.

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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.

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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.

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Tabular disclosure of the change in unrecognized tax benefits.

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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