XML 50 R38.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Significant Components of (Loss) Income Before Income Taxes | Significant components of Income before income taxes are as follows (in thousands):
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
U.S. |  | $ | 71,659 |  |  | $ | 20,917 |  |  | $ | 22,533 |
Non-U.S. |  |  | (9,796 | ) |  |  | (2,812 | ) |  |  | 43 |
Income before income taxes |  | $ | 61,863 |  |  | $ | 18,105 |  |  | $ | 22,576 |
Schedule of Significant Components of the Income Tax Expense (Benefit) |
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Current: |  |  |  |  |  |  |  |  |
U.S. federal |  | $ | (609 | ) |  | $ | 11,603 |  |  | $ | 2,991 |
U.S. state and local |  |  | 1,198 |  |  |  | 2,289 |  |  |  | 1,122 |
Non-U.S. |  |  | 1,192 |  |  |  | 269 |  |  |  | (26 | )
Total current income tax expense |  |  | 1,781 |  |  |  | 14,161 |  |  |  | 4,087 |
Deferred: |  |  |  |  |  |  |  |  |
U.S. federal |  |  | 12,210 |  |  |  | (95,298 | ) |  |  | 579 |
U.S. state and local |  |  | 533 |  |  |  | (19,034 | ) |  |  | 671 |
Non-U.S. |  |  | (849 | ) |  |  | (166 | ) |  |  | 33 |
Total deferred income tax expense (benefit) |  |  | 11,894 |  |  |  | (114,498 | ) |  |  | 1,283 |
Income tax expense (benefit) |  | $ | 13,675 |  |  | $ | (100,337 | ) |  | $ | 5,370 |
Schedule of Income Tax Provision Differed from Amounts Computed at the Statutory Federal Income Tax Rate | The income tax provision differed from amounts computed at the statutory federal income tax rate, as follows (in thousands, except percentages):
|  | Year Ended December 31, |  |
|  | 2024 |  |  |  | 2023 |  |  |  | 2022 |  |
|  | $ |  |  | % |  |  |  | $ |  |  | % |  |  |  | $ |  |  | % |  |
Income tax provision at statutory rate |  | $ | 12,991 |  |  |  | 21.0 |  | % |  | $ | 3,803 |  |  |  | 21.0 |  | % |  | $ | 4,743 |  |  |  | 21.0 |  | %
State income taxes, net of federal income tax expense |  |  | 2,182 |  |  |  | 3.5 |  |  |  |  | 148 |  |  |  | 0.8 |  |  |  |  | 1,122 |  |  |  | 5.0 |  |
Nondeductible transaction expenses |  |  | 2,086 |  |  |  | 3.4 |  |  |  |  | 461 |  |  |  | 2.5 |  |  |  |  | (2,608 | ) |  |  | (11.6 | ) |
Nondeductible executive compensation |  |  | 2,008 |  |  |  | 3.2 |  |  |  |  | 2,771 |  |  |  | 15.3 |  |  |  |  | 1,974 |  |  |  | 8.7 |  |
Uncertain tax positions |  |  | 1,216 |  |  |  | 2.0 |  |  |  |  | 1,070 |  |  |  | 5.9 |  |  |  |  | (4,042 | ) |  |  | (17.9 | ) |
Stock-based compensation |  |  | (638 | ) |  |  | (1.0 | ) |  |  |  | (2,859 | ) |  |  | (15.8 | ) |  |  |  | (1,432 | ) |  |  | (6.3 | ) |
Return to provision adjustments |  |  | (1,066 | ) |  |  | (1.7 | ) |  |  |  | (2,972 | ) |  |  | (16.4 | ) |  |  |  | 4,627 |  |  |  | 20.5 |  |
Valuation allowance |  |  | (2,318 | ) |  |  | (3.7 | ) |  |  |  | (101,182 | ) |  |  | (558.9 | ) |  |  |  | 1,194 |  |  |  | 5.3 |  |
Tax credits |  |  | (3,300 | ) |  |  | (5.3 | ) |  |  |  | (2,462 | ) |  |  | (13.6 | ) |  |  |  | (1,455 | ) |  |  | (6.4 | ) |
Other, net |  |  | 514 |  |  |  | 0.7 |  |  |  |  | 885 |  |  |  | 5.0 |  |  |  |  | 1,247 |  |  |  | 5.5 |  |
Income tax expense (benefit) |  | $ | 13,675 |  |  |  | 22.1 |  | % |  | $ | (100,337 | ) |  |  | (554.2 | ) | % |  | $ | 5,370 |  |  |  | 23.8 |  | %
Significant Components of Deferred Tax Assets and Liabilities | Significant components of the deferred tax assets and liabilities are as follows (in thousands):
|  | December 31, |
|  | 2024 |  |  | 2023 |
Deferred income tax liabilities: |  |  |  |  |  |
Indefinite lived intangibles |  | $ | (24,161 | ) |  | $ | (14,203 | )
Property and equipment |  |  | (7,309 | ) |  |  | — |
Right of use assets |  |  | (4,227 | ) |  |  | (3,274 | )
Other |  |  | (1,402 | ) |  |  | — |
Total deferred tax liabilities |  | $ | (37,099 | ) |  | $ | (17,477 | )
Deferred income tax assets: |  |  |  |  |  |
Goodwill |  | $ | 55,947 |  |  | $ | 73,172 |
Capitalized research and development costs |  |  | 28,677 |  |  |  | 24,818 |
Definite lived intangibles |  |  | 15,204 |  |  |  | 2,596 |
Accrued compensation |  |  | 11,961 |  |  |  | 12,006 |
Lease obligations |  |  | 7,812 |  |  |  | 6,941 |
Interest expense limitation carryforward |  |  | 6,442 |  |  |  | — |
NOL and tax credit carryforwards |  |  | 4,813 |  |  |  | 3,603 |
Other |  |  | — |  |  |  | 855 |
Total deferred tax assets |  |  | 130,856 |  |  |  | 123,991 |
Less: Valuation allowance |  |  | — |  |  |  | (2,318 | )
Net deferred tax asset |  | $ | 93,757 |  |  | $ | 104,196 |
Schedule of Deferred Tax Assets and Liabilities Recognized in the Company's Consolidated Balance Sheets | The deferred tax assets and liabilities recognized in the Company’s Consolidated Balance Sheets as of December 31, 2024 and 2023 were as follows (in thousands):
|  | December 31, |
|  | 2024 |  |  | 2023 |
Investments and other assets, net |  | $ | 100,530 |  |  | $ | 112,953 |
Other noncurrent liabilities |  |  | (6,773 | ) |  |  | (8,757 | )
Net deferred tax asset |  | $ | 93,757 |  |  | $ | 104,196 |
Summary of Uncertain Tax Positions | A summary of the Company’s uncertain tax positions is as follows (in thousands):
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Balance as of January 1 |  | $ | 3,477 |  |  | $ | 2,553 |
Additions based on tax positions related to the current year |  |  | 680 |  |  |  | 620 |
Additions for tax positions of prior years |  |  | 408 |  |  |  | 304 |
Reductions for tax positions of prior years |  |  | (264 | ) |  |  | — |
Balance as of December 31 |  | $ | 4,301 |  |  | $ | 3,477 |

X
- Definition Schedule of deferred tax assets and liabilities recognized in the consolidated balance sheets. + References No definition available. + Details
Name: | cars_ScheduleOfDeferredTaxAssetsAndLiabilitiesRecognizedInConsolidatedBalanceSheets
Namespace Prefix: | cars_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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://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 + 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://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 + 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://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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration