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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

Components of income tax expense related to net income were as follows (in thousands):

		For the Year Ended December 31,
		2020				2019				2018
Current
U.S. federal		$	(3,973	)		$	(4,865	)		$	1,117
U.S. state			461				66				411
Total current			(3,512	)			(4,799	)			1,528
Deferred
U.S. federal			(491	)			4,895				(2,737	)
U.S. state			(3,945	)			(1,326	)			(1,524	)
Total deferred			(4,436	)			3,569				(4,261	)
Income tax benefit		$	(7,948	)		$	(1,230	)		$	(2,733	)

Schedule of Difference Between Actual Income Tax Provision and Income Taxes

The difference between the actual income tax provision and income taxes computed by applying the U.S. federal statutory rate to earnings (losses) before income taxes is attributable to the following (in thousands):

		For the Year Ended December 31,
		2020				2019				2018
Consolidated income from continuing operations before income    taxes - all domestic		$	99,508			$	16,846			$	2,513
Income from continuing operations before income taxes of    non-taxable entities			(119,457	)			(16,902	)			(8,881	)
Loss from continuing operations before income taxes of    corporate entities			(19,949	)			(56	)			(6,368	)
Federal income tax benefit at statutory rate			(4,189	)			(11	)			(1,337	)
Increase (decrease) due to:
Rate difference on NOL carryback (a)			(1,003	)			—				—
Nondeductible expenses			1				54				132
Basis difference of acquired assets			—				—				(648	)
State income taxes, net of federal income tax benefit (b)			(2,712	)			(995	)			(880	)
Non-taxable refund			(45	)			(278	)			—
Total income tax benefit		$	(7,948	)		$	(1,230	)		$	(2,733	)

(a) The CARES Act allows a 5-year carryback of net operating losses generated in 2020, which resulted in the recognition of an incremental benefit at the 34% statutory federal rate in effect for 2015 through 2017 relative to the current statutory federal rate of 21%.

(b) The state tax benefit was primarily driven by changes in apportionment due to a reduction in gross receipts in certain combined filing states where we were generally in a net deferred tax liability position and an increase in gross receipts in separate company filing states that do not conform to federal bonus depreciation rules where we are generally in a net deferred tax asset position. See Note 24 for information regarding the conversion of company operated sites to dealer operated sites, which resulted in a reduction in gross receipts primarily in combined filing states. See Note 5 for information regarding the acquisition of retail and wholesale assets, which resulted in an increase in gross receipts primarily in separate filing states.

Schedule of Deferred Tax Assets and Liabilities

The tax effects of significant temporary differences representing deferred income tax assets and liabilities were as follows (in thousands):

		December 31,
		2020				2019
Deferred income tax assets:
Deferred rent expense		$	175			$	256
Operating and finance lease obligations			40,274				26,003
Asset retirement obligations			9,847				8,075
Intangible assets			9,994				8,736
Other assets			7,361				2,535
Total deferred income tax assets			67,651				45,605
Deferred income tax liabilities:
Deferred rent income			1,036				1,249
Property and equipment			46,174				44,095
Right-of-use assets			35,463				19,630
Total deferred income tax liabilities			82,673				64,974
Net deferred income tax liabilities		$	15,022			$	19,369

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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.

+ References

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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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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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