XML 60 R46.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
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, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Current |  |  |  |  |  |  |  |  |  |  |  |
U.S. federal |  | $ | 329 |  |  | $ | (3,973 | ) |  | $ | (4,865 | )
U.S. state |  |  | 207 |  |  |  | 461 |  |  |  | 66 |
Total current |  |  | 536 |  |  |  | (3,512 | ) |  |  | (4,799 | )
Deferred |  |  |  |  |  |  |  |  |  |  |  |
U.S. federal |  |  | (3,927 | ) |  |  | (491 | ) |  |  | 4,895 |
U.S. state |  |  | 166 |  |  |  | (3,945 | ) |  |  | (1,326 | )
Total deferred |  |  | (3,761 | ) |  |  | (4,436 | ) |  |  | 3,569 |
Income tax benefit |  | $ | (3,225 | ) |  | $ | (7,948 | ) |  | $ | (1,230 | )
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, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Consolidated income from continuing operations before income taxes - all domestic |  | $ | 18,429 |  |  | $ | 99,508 |  |  | $ | 16,846 |
Income from continuing operations before income taxes of non-taxable entities |  |  | (37,072 | ) |  |  | (119,457 | ) |  |  | (16,902 | )
Loss from continuing operations before income taxes of corporate entities |  |  | (18,643 | ) |  |  | (19,949 | ) |  |  | (56 | )
Federal income tax benefit at statutory rate |  |  | (3,915 | ) |  |  | (4,189 | ) |  |  | (11 | )
Increase (decrease) due to: |  |  |  |  |  |  |  |  |  |  |  |
Rate difference on NOL carryback (a) |  |  | 329 |  |  |  | (1,003 | ) |  |  | — |
Nondeductible expenses |  |  | — |  |  |  | 1 |  |  |  | 54 |
State income taxes, net of federal income tax benefit (b) |  |  | 372 |  |  |  | (2,712 | ) |  |  | (995 | )
Non-taxable refund |  |  | (11 | ) |  |  | (45 | ) |  |  | (278 | )
Total income tax benefit |  | $ | (3,225 | ) |  | $ | (7,948 | ) |  | $ | (1,230 | )
| (a) | The CARES Act allowed 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 expense in 2021 was primarily driven by gross receipts-based or net assets-based tax in certain states. The state tax benefit in 2020 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. The conversion of company operated sites to dealer operated sites in 2019 resulted in a reduction in gross receipts primarily in combined filing states. See Note 4 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, |
|  | 2021 |  |  | 2020 |
Deferred income tax assets: |  |  |  |  |  |  |  |
Deferred rent expense |  | $ | 121 |  |  | $ | 175 |
Operating and finance lease obligations |  |  | 34,605 |  |  |  | 40,274 |
Asset retirement obligations |  |  | 10,899 |  |  |  | 9,847 |
Intangible assets |  |  | 9,724 |  |  |  | 9,994 |
Other assets (a) |  |  | 13,798 |  |  |  | 7,361 |
Total deferred income tax assets |  |  | 69,147 |  |  |  | 67,651 |
Deferred income tax liabilities: |  |  |  |  |  |  |  |
Deferred rent income |  |  | 948 |  |  |  | 1,036 |
Property and equipment |  |  | 50,274 |  |  |  | 46,174 |
Right-of-use assets |  |  | 30,266 |  |  |  | 35,463 |
Total deferred income tax liabilities |  |  | 81,488 |  |  |  | 82,673 |
Net deferred income tax liabilities |  | $ | 12,341 |  |  | $ | 15,022 |
| (a) | Includes a $2.7 million deferred tax asset related to a $12.7 million federal net operating loss that has no expiration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration