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Income Tax | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Income Tax Disclosure [Text Block] | 15. Income Taxes The (benefit from) provision for income taxes is as follows:
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
(in thousands) |  |  |  |  |  |  |  |  |
Current tax (benefit) expense |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (9,106 | ) |  | $ | 45,874 |  |  | $ | 21,399 |
State |  |  | 4,710 |  |  |  | 11,311 |  |  |  | 11,742 |
Foreign |  |  | 13,422 |  |  |  | 12,231 |  |  |  | 12,140 |
Total current tax expense |  |  | 9,026 |  |  |  | 69,416 |  |  |  | 45,281 |
Deferred tax (benefit) expense |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (6,501 | ) |  |  | (53,314 | ) |  |  | (164,208 | )
State |  |  | 868 |  |  |  | (11,055 | ) |  |  | (48,653 | )
Foreign |  |  | (8,724 | ) |  |  | (3,694 | ) |  |  | (754 | )
Total deferred tax benefit |  |  | (14,357 | ) |  |  | (68,063 | ) |  |  | (213,615 | )
Total (benefit from) provision for income taxes |  | $ | (5,331 | ) |  | $ | 1,353 |  |  | $ | (168,334 | )
A reconciliation of the provision for taxes based on the federal statutory income tax rate attributable to the Company’s effective income tax rate is as follows:
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Statutory U.S. rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
State tax, net of federal tax benefit |  |  | (2.6 | )% |  |  | (1.1 | )% |  |  | 2.2 | %
Foreign tax, net of federal tax benefit |  |  | 1.1 | % |  |  | (17.4 | )% |  |  | (0.4 | )%
Goodwill impairment |  |  | — |  |  |  | — |  |  |  | (10.4 | )%
Global Intangible Low Taxed Income |  |  | — |  |  |  | (8.3 | )% |  |  | (0.2 | )%
Transaction expenses |  |  | (0.1 | )% |  |  | (5.4 | )% |  |  | (0.1 | )%
Disallowed Executive Compensation |  |  | (3.4 | )% |  |  | — |  |  |  | — |
Equity-based compensation |  |  | (11.2 | )% |  |  | (1.5 | )% |  |  | 0.2 | %
Meals and entertainment |  |  | (0.7 | )% |  |  | (11.1 | )% |  |  | (0.2 | )%
Contingent consideration fair value adjustment |  |  | (1.4 | )% |  |  | 7.1 | % |  |  | 0.7 | %
Non-deductible expenses |  |  | (0.4 | )% |  |  | (4.6 | )% |  |  | — |
Return to provision on permanent differences |  |  | 0.1 | % |  |  | 8.2 | % |  |  | 0.1 | %
Work opportunity tax credit |  |  | 0.5 | % |  |  | 3.3 | % |  |  | — |
Research and development credit |  |  | 0.3 | % |  |  | 4.0 | % |  |  | — |
Other |  |  | — |  |  |  | ( 1.6 | ) % |  |  | (0.1 | )%
Effective tax rate |  |  | 3.2 | % |  |  | (7.4 | )% |  |  | 12.8 | %
The geographic components of (loss) income before income taxes are as follows:
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
(in thousands) |  |  |  |  |  |  |  |  |
U.S. sources |  | $ | (190,163 | ) |  | $ | (32,893 | ) |  | $ | (1,347,770 | )
Non-U.S. sources |  |  | 23,125 |  |  |  | 14,490 |  |  |  | 28,213 |
Loss before income taxes |  | $ | (167,038 | ) |  | $ | (18,403 | ) |  | $ | (1,319,557 | )
Net deferred tax liabilities consist of the following:
|  | December 31, |
(in thousands) |  | 2020 |  |  | 2019 |
Deferred tax assets |  |  |  |  |  |  |  |
Accrued liabilities |  | $ | 77,599 |  |  | $ | 70,420 |
Interest expense |  |  | 20,851 |  |  |  | 49,586 |
Social security tax deferral |  |  | 12,656 |  |  |  | — |
Net operating losses |  |  | 10,557 |  |  |  | 7,671 |
Right-of-use liabilities |  |  | 11,996 |  |  |  | 26,648 |
Transaction expenses |  |  | 8,643 |  |  |  | 5,325 |
Debt issuance costs |  |  | 6,422 |  |  |  | 973 |
Acquired intangibles, including goodwill |  |  | 2,205 |  |  |  | 2,292 |
Insurance reserves |  |  | 2,262 |  |  |  | 2,403 |
Other |  |  | 4,755 |  |  |  | 6,158 |
Total deferred tax assets |  |  | 157,946 |  |  |  | 171,476 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Acquired intangibles including goodwill |  |  | 618,697 |  |  |  | 636,245 |
Right-of-use assets |  |  | 7,890 |  |  |  | 20,294 |
Restructuring expenses |  |  | 4,977 |  |  |  | 6,857 |
Depreciation |  |  | 2,464 |  |  |  | 1,617 |
Unrealized transactions |  |  | — |  |  |  | 990 |
Other |  |  | 6,266 |  |  |  | 6,038 |
Total deferred tax liabilities |  |  | 640,294 |  |  |  | 672,041 |
Less: deferred income tax asset valuation allowances |  |  | (6,706 | ) |  |  | (5,570 | )
Net deferred tax liabilities |  | $ | 489,054 |  |  | $ | 506,135 |
|  | December 31, |
(in thousands) |  | 2020 |  |  | 2019 |
Reported as: |  |  |  |  |  |  |  |
Noncurrent deferred tax asset |  | $ | 2,188 |  |  | $ | 227 |
Noncurrent deferred tax liability |  |  | 491,242 |  |  |  | 506,362 |
Net deferred tax liabilities |  | $ | 489,054 |  |  | $ | 506,135 |
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was signed into law. Intended to provide economic relief to those impacted by the COVID-19 pandemic, the CARES Act includes provisions, among others, addressing the carryback of net operating loss carryforwards (“NOLs”) for specific periods, refunds of alternative minimum tax credits, temporary modifications to the limitations placed on the tax deductibility of net interest expenses, and technical amendments for qualified improvement property (“QIP”). Additionally, the CARES Act, in efforts to enhance business’ liquidity, provides for refundable employee retention tax credits and the deferral of the employer-paid portion of social security taxes. The CARES Act allows employers to defer payment of a portion of payroll taxes otherwise due on wages paid between the enactment date and December 31, 2020 and remit the deferred payroll taxes in equal amounts on December 31, 2021 and December 31, 2022. Under this provision of the CARES Act, the Company has recorded the tax impact of $12.6 million as a deferred tax asset. The Company held cash and cash equivalents in foreign subsidiaries of $87.7 million and $59.3 million as of December 31, 2020 and 2019, respectively. As of December 31, 2020, and 2019, the undistributed earnings of the Company’s foreign subsidiaries are $134.6 million and $92.6 million, respectively. The Company has not recorded a deferred tax liability related to undistributed earnings of its foreign subsidiaries as of December 31, 2020, except for a $2.1 million of deferred tax liability recorded as of December 31, 2020 for unremitted earnings in Canada with respect to which the Company no longer has an indefinite reinvestment assertion. Taxes have not been provided on the remaining $82.5 million of undistributed foreign earnings. The incremental tax liability associated with these earnings is expected to be immaterial. The Company evaluates its deferred tax assets, including a determination of whether a valuation allowance is necessary, based upon its ability to utilize the assets using a more likely than not analysis. Deferred tax assets are only recorded to the extent that they are realizable based upon past and future income. As a result of the evaluation, the Company established a valuation allowance of $6.7 million and $5.6 million on its foreign affiliates’ deferred tax assets as of December 31, 2020 and 2019, respectively. As of December 31, 2020, the Company had $6.2 million of federal NOL s , $16.3 million state NOLs, and $ 31.4 million foreign NOLs. The change of ownership provisions of the Tax Reform Act of 1986 may limit utilization of a portion of The Company’s domestic NOLs to future periods. The federal NOLs expire between 2036 and 2037, $13.2 million of the state NOLs expire between 2023 and 2039 and the remaining $3.1 million of the state NOLs carry forward indefinitely. Foreign NOLs of $11.6 million expire between 2024 and 2032 and the remaining $19.8 million of the foreign NOLs carry forward indefinitely.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 + Details
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