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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
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,
| 2024 |  | 2023 |  | 2022
Current – Federal | $ | (66,510) |  |  | $ | (67,856) |  |  | $ | (54,934) |
Current – foreign | (4,845) |  |  | (3,001) |  |  | (4,891) |
Current – state | (7,106) |  |  | (11,393) |  |  | (19,312) |
Total current expense | (78,461) |  |  | (82,250) |  |  | (79,137) |
Deferred – Federal | 220,078 |  |  | 91,658 |  |  | 65,553 |
Deferred – foreign | 1,682 |  |  | 1,714 |  |  | 1,659 |
Deferred – state | 15,103 |  |  | 51,216 |  |  | 7,206 |
Total deferred benefit | 236,863 |  |  | 144,588 |  |  | 74,418 |
Income tax benefit (expense) | $ | 158,402 |  |  | $ | 62,338 |  |  | $ | (4,719) |
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) | 2024 |  | 2023
Deferred tax liabilities: |  |  |
Intangibles | $ | 429,054 |  |  | $ | 548,872 |
Fixed Assets | 25,344 |  |  | 57,800 |
Deferred Income | — |  |  | 22,163 |
Operating lease right-of-use assets | 168,976 |  |  | 178,173 |
Total deferred tax liabilities | 623,374 |  |  | 807,008 |
Deferred tax assets: |  |  |
Accrued expenses | 18,159 |  |  | 12,141 |
Net operating loss carryforwards | 119,495 |  |  | 124,388 |
Interest expense carryforwards | 453,166 |  |  | 389,236 |
Long-term debt | 190,935 |  |  | — |
Operating lease liabilities | 198,823 |  |  | 211,412 |
Capital loss carryforwards | 5,119 |  |  | 1,653,021 |
Investments | 13,747 |  |  | 17,284 |
Bad debt reserves | 11,991 |  |  | 12,452 |
Other | 1,265 |  |  | 3,539 |
Total gross deferred tax assets | 1,012,700 |  |  | 2,423,473 |
Less: Valuation allowance | 492,224 |  |  | 1,956,233 |
Total deferred tax assets | 520,476 |  |  | 467,240 |
Net deferred tax liabilities | $ | 102,898 |  |  | $ | 339,768 |
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) | 2024 |  | 2023 |  | 2022
| Amount |  | Percent |  | Amount |  | Percent |  | Amount |  | Percent
Income tax benefit at statutory rates | $ | 245,258 |  |  | 21.0 | % |  | $ | 244,162 |  |  | 21.0 | % |  | $ | 54,170 |  |  | 21.0 | %
State income taxes, net of federal tax effect | 55,874 |  |  | 4.8 | % |  | 16,349 |  |  | 1.4 | % |  | (3,548) |  |  | (1.4) | %
Foreign income taxes | (1,982) |  |  | (0.2) | % |  | (583) |  |  | (0.1) | % |  | (1,615) |  |  | (0.6) | %
Nondeductible items | (10,885) |  |  | (0.9) | % |  | (10,425) |  |  | (0.9) | % |  | (7,497) |  |  | (2.9) | %
Changes in valuation allowance and other estimates | (2,639) |  |  | (0.2) | % |  | (69,722) |  |  | (6.0) | % |  | (52,293) |  |  | (20.3) | %
Impairment charges | (129,378) |  |  | (11.0) | % |  | (125,047) |  |  | (10.7) | % |  | — |  |  | — | %
Tax credits | 4,048 |  |  | 0.3 | % |  | 4,592 |  |  | 0.4 | % |  | 3,848 |  |  | 1.5 | %
Other, net | (1,894) |  |  | (0.2) | % |  | 3,012 |  |  | 0.3 | % |  | 2,216 |  |  | 0.9 | %
Income tax benefit (expense) | $ | 158,402 |  |  | 13.6 | % |  | $ | 62,338 |  |  | 5.4 | % |  | $ | (4,719) |  |  | (1.8) | %
Schedule of Unrecognized Tax Benefits |
(In thousands) | Year Ended December 31,
Unrecognized Tax Benefits | 2024 |  | 2023
Balance at beginning of period | $ | 123,822 |  |  | $ | 23,823 |
Increases for tax position taken in the current year | 10,436 |  |  | 52,856 |
Increases for tax positions taken in previous years | 16,521 |  |  | 48,194 |
Decreases for tax position taken in previous years | (933) |  |  | — |
Decreases due to lapse of statute of limitations | (1,445) |  |  | (1,051) |
Balance at end of period | $ | 148,401 |  |  | $ | 123,822 |

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