XML 55 R38.htm IDEA: XBRL DOCUMENT v3.20.4

Income Tax (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

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	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

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	%

Schedule of geographic components of (loss) income before income taxes

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	)

Schedule of net deferred tax assets

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

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=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

+ Details

Name:	us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration