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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The Company's income tax (benefit) expense for continuing operations during the years ended December 31, 2024, 2023 and 2022 were the following:
| 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |
Federal | $ | 3,625 |  |  | $ | 18,444 |  |  | $ | 43,327 |
State | 178 |  |  | 4,285 |  |  | 12,026 |
Foreign | 4,716 |  |  | — |  |  | — |
Total Current Tax Expense | 8,519 |  |  | 22,729 |  |  | 55,353 |
Deferred: |  |  |  |  |
Federal | (113,588) |  |  | (6,268) |  |  | 6,317 |
State | (19,922) |  |  | (2,625) |  |  | 1,369 |
Foreign | — |  |  | — |  |  | — |
Total Deferred Taxes | (133,510) |  |  | (8,893) |  |  | 7,686 |
Total Income Tax Expense (Benefit) | $ | (124,991) |  |  | $ | 13,836 |  |  | $ | 63,039 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of income taxes computed at the U.S. federal statutory income tax r ate (21.0% for 2024, 2023 and 2022) to the provision for income taxes reflected in the Company’s Consolidated Statements of Co mprehensive Income for the years ended December 31, 2024, 2023 and 2022 is as follows:
| 2024 |  | 2023 |  | 2022
Tax expense at the statutory rate | $ | (262,466) |  |  | $ | 11,894 |  |  | $ | 50,915 |
State income taxes, net of federal income tax benefit | (19,538) |  |  | 1,561 |  |  | 10,189 |
Share-based compensation | (16) |  |  | (537) |  |  | (840) |
Other permanent differences | 1,743 |  |  | (36) |  |  | (30) |
Non-deductible compensation | 156 |  |  | 1,190 |  |  | 1,435 |
Non-controlling interest | 65,772 |  |  | — |  |  | — |
Federal income tax credits | — |  |  | (34) |  |  | (107) |
Foreign Tax Rate Differential | (1,019) |  |  | — |  |  | — |
Impairment | 42,081 |  |  | — |  |  | — |
Change in Valuation Allowance | 57,614 |  |  | — |  |  | — |
Other | (9,318) |  |  | (202) |  |  | 1,477 |
| $ | (124,991) |  |  | $ | 13,836 |  |  | $ | 63,039 |
Schedule of Significant Components of Deferred Tax Assets and Liabilities | The significant components of the deferred tax assets and liabilities at December 31, 2024 and 2023 were as follows:
| December 31, 2024 |  | December 31, 2023 |  |
Deferred tax assets: |  |  |  |  |
Accrued expenses | $ | — |  |  | $ | 12,006 |  |  |
Allowance for doubtful accounts | 47 |  |  | 565 |  |  |
Operating lease liabilities | 1,318 |  |  | 29,658 |  |  |
Due diligence and transaction costs | — |  |  | 13,953 |  |  |
Share-based compensation | 2,297 |  |  | 4,995 |  |  |
Accruals for income tax contingencies | 42 |  |  | 129 |  |  |
Capital Contributions | 1 |  |  | — |  |  |
Net operating loss carryforwards | 12,617 |  |  | 634 |  |  |
Foreign Tax Credit | 894 |  |  | — |  |  |
Interest Disallowance | 23,827 |  |  | — |  |  |
Unrealized Gain/Loss | 14 |  |  | — |  |  |
Investment in Partnership | 36,179 |  |  | — |  |  |
Total gross deferred tax assets | 77,236 |  |  | 61,940 |  |  |
Valuation allowance | (72,508) |  |  | (395) |  |  |
Total net deferred tax assets | 4,728 |  |  | 61,545 |  |  |
Deferred tax liabilities: |  |  |  |  |
Tax over book depreciation | 4,047 |  |  | 33,373 |  |  |
Prepaid expenses | 39 |  |  | 10,807 |  |  |
Operating lease right-of-use assets | 1,391 |  |  | 28,559 |  |  |
Goodwill | — |  |  | 23,744 |  |  |
Intangible assets | 37,420 |  |  | 7,262 |  |  |
Total deferred tax liabilities | 42,897 |  |  | 103,745 |  |  |
Net deferred tax liabilities | $ | (38,169) |  |  | $ | (42,200) |  |  |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits as of and during the years ended December 31, 2024 and 2023 is as follows:
Balance at December 31, 2022 | 198 |
Reductions for settlement with state taxing authorities | (66) |
Additions for tax positions of current year | 21 |
Balance at December 31, 2023 | $ | 153 |
Reductions for settlement with state taxing authorities | (66) |
Reductions for tax positions of prior years | (213) |
Additions from acquisition of Omni Newco, LLC | 2,257 |
Balance at December 31, 2024 | $ | 2,131 |

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