XML 53 R30.htm IDEA: XBRL DOCUMENT v3.24.0.1

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Significant Components of Provision for Income Tax Benefit (Expense)

Significant components of the provision for income tax benefit (expense) are as follows:

(In thousands)			Year Ended December 31,
			2023						2022						2021
Current – Federal			$	(67,856)					$	(54,934)					$	(2,169)
Current – foreign			(3,001)						(4,891)						(2,177)
Current – state			(11,393)						(19,312)						(14,919)
Total current expense			(82,250)						(79,137)						(19,265)
Deferred – Federal			91,658						65,553						932
Deferred – foreign			1,714						1,659						976
Deferred – state			51,216						7,206						8,966
Total deferred benefit			144,588						74,418						10,874
Income tax benefit (expense)			$	62,338					$	(4,719)					$	(8,391)

Schedule of Significant Components of Deferred Tax Liabilities and Assets

Significant components of the Company's deferred tax liabilities and assets are as follows:

			December 31,
(In thousands)			2023						2022
Deferred tax liabilities:
Intangibles			$	548,872					$	659,378
Fixed Assets			57,800						101,934
Deferred Income			22,163						44,261
Operating lease right-of-use assets			178,173						199,926
Total deferred tax liabilities			807,008						1,005,499
Deferred tax assets:
Accrued expenses			12,141						16,665
Net operating loss carryforwards			124,388						141,163
Interest expense carryforwards			389,236						346,354
Operating lease liabilities			211,412						233,003
Capital loss carryforwards			1,653,021						1,655,534
Investments			17,284						10,992
Bad debt reserves			12,452						10,172
Other			3,539						8,997
Total gross deferred tax assets			2,423,473						2,422,880
Less: Valuation allowance			1,956,233						1,901,191
Total deferred tax assets			467,240						521,689
Net deferred tax liabilities			$	339,768					$	483,810

Schedule of Reconciliation of Income Tax to Income Tax Benefit (Expense)

The reconciliations of income tax on income (loss) computed at the U.S. federal statutory tax rates to the recorded income tax benefit (expense) for the Company are:

			Year Ended December 31,
(In thousands)			2023												2022												2021
			Amount						Percent						Amount						Percent						Amount						Percent
Income tax benefit at statutory rates			$	244,162					21.0		%				$	54,170					21.0		%				$	31,500					21.0		%
State income taxes, net of federal tax effect			16,349						1.4		%				(3,548)						(1.4)		%				3,325						2.2		%
Foreign income taxes			(583)						(0.1)		%				(1,615)						(0.6)		%				(978)						(0.7)		%
Nondeductible items			(10,425)						(0.9)		%				(7,497)						(2.9)		%				(10,264)						(6.8)		%
Changes in valuation allowance and other estimates			(69,722)						(6.0)		%				(52,293)						(20.3)		%				(35,093)						(23.4)		%
Impairment charges			(125,047)						(10.7)		%				—						—		%				—						—		%
Tax credits			4,592						0.4		%				3,848						1.5		%				4,831						3.2		%
Other, net			3,012						0.3		%				2,216						0.9		%				(1,712)						(1.1)		%
Income tax benefit (expense)			$	62,338					5.4		%				$	(4,719)					(1.8)		%				$	(8,391)					(5.6)		%

Schedule of Unrecognized Tax Benefits

(In thousands)			Year Ended December 31,
Unrecognized Tax Benefits			2023						2022
Balance at beginning of period			$	23,823					$	18,045
Increases for tax position taken in the current year			52,856						5,584
Increases for tax positions taken in previous years			48,194						1,593
Decreases for tax position taken in previous years			—						—
Decreases due to lapse of statute of limitations			(1,051)						(1,399)
Balance at end of period			$	123,822					$	23,823

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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-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://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-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://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-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 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/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-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