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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Provision for Income Taxes

The components of the provision for income taxes are as follows:

			Years Ended December 31,
(in thousands)			2020						2019						2018
Current taxes
Federal			$	(72,517)					$	9,022					$	15,262
State			2,002						2,033						5,217
			(70,515)						11,055						20,479
Deferred taxes
Federal			9,871						7,363						5,760
State			(8,680)						1,632						120
			1,191						8,995						5,880
(Benefit) Provision for income taxes			$	(69,324)					$	20,050					$	26,359

Schedule of Effective Income Tax Rate Reconciliation

The effective rate varies from the statutory U.S. federal tax rate as follows:

			Years Ended December 31,
(in thousands)			2020						2019						2018
Income tax expense at statutory federal rate			$	(15,710)					$	15,789					$	20,537
State income taxes, net of federal effect			(5,276)						2,883						4,308
Nondeductible professional fees			(665)						1,255						1,776
Other permanent differences including lobbying expense			279						424						236
Share-based compensation			(922)						(261)						(718)
Gain on bargain purchases			(13,413)						—						—
CARES Act			(33,347)						—						—
Deferred tax impact of TCJA			—						—						117
Return to provision adjustments			(270)						(245)						89
Change in uncertain tax positions			—						205						14
Total (benefit) provision for income taxes			$	(69,324)					$	20,050					$	26,359
Effective income tax rate on continuing operations			92.7		%				26.7		%				27.0		%

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred income taxes at December 31, 2020 and 2019 are as follows:

			Years Ended December 31,
(in thousands)			2020						2019
Deferred tax assets:
Accrued liabilities and other			$	2,128					$	3,233
Tax basis difference in property and equipment			—						9,148
Tax basis difference in share-based compensation			914						1,800
Tax basis difference in naming rights liabilities			60,159						—
Tax basis difference in self constructed assets			3,953						—
Federal tax net operating loss carryforwards			648						121
State tax net operating loss carryforwards			7,816						310
Total deferred tax assets, net			$	75,618					$	14,612
Deferred tax liabilities:
Tax basis difference in land			$	(5,053)					$	(2,865)
Tax basis difference in property and equipment			(4,998)						—
Change in accounting method			(16,234)						—
Tax basis difference in non-shareholder contribution			(6,766)						—
Tax basis difference in goodwill			(4,433)						(4,296)
Tax basis difference in amortizable assets			(75,117)						(21,241)
Total deferred tax liabilities			$	(112,601)					$	(28,402)
Net deferred tax liabilities			$	(36,983)					$	(13,790)

Schedule of Unrecognized Tax Benefits

There was no unrecognized tax benefit recorded as of December 31, 2020. A reconciliation of the beginning and ending balances of the gross liability for uncertain tax positions is as follows:

			Years Ended December 31,
(in thousands)			2020						2019						2018
Uncertain tax position liability at the beginning of the year			$	—					$	400					$	445
Increases related to tax positions taken during prior period			—						—						21
Decreases related to tax positions taken during prior periods			—						(400)						—
Decreases related to settlements with taxing authorities			—						—						(66)
Uncertain tax position liability at the end of the year			$	—					$	—					$	400

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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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