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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of provision (benefit) for income taxes

The Company’s provision (benefit) for income taxes consists of the following during the years ended December 31, 2024, 2023, and 2022:

			Year Ended December 31,
			2024						2023						2022
Current:
Federal			$	—					$	2,411					$	15,793
State			300						1,871						(1,090)
Foreign			2,627						(2,438)						279
Total current provision			2,927						1,844						14,982
Deferred:
Federal			18,154						(30,049)						(60,736)
State			632						(10,294)						(19,544)
Foreign			412						(616)						46
Total deferred			19,198						(40,959)						(80,234)
Total (benefit from) provision for income taxes			$	22,125					$	(39,115)					$	(65,252)

Schedule of reconciliation effective tax rate for income (loss) before income taxes

A reconciliation of the federal statutory rate of 21.0% to the effective tax rate for loss from continuing operations before income taxes is as follows during the years ended December 31, 2024, 2023, and 2022:

			Year Ended December 31,
			2024						2023						2022
Provision for income taxes at federal statutory rate			(21.0		%)				(21.0		%)				(21.0		%)
State income taxes, net of federal benefit			(6.3		%)				(6.4		%)				(7.0		%)
Employee stock based compensation			0.5		%				1.3		%				(1.8		%)
Bargain purchase			—		%				(2.0		%)				—		%
Foreign tax differential			—		%				(3.5		%)				(0.1		%)
Goodwill impairment			0.8		%				6.5		%				—		%
Provision true-up			1.5		%				(2.5		%)				1.9		%
Change in valuation allowance			27.4		%				7.7		%				9.4		%
Other			(0.4		%)				0.3		%				(0.9		%)
Effective income tax rate (benefit)			2.5		%				(19.6		%)				(19.5		%)

Schedule of deferred income tax assets (liabilities)

Deferred income tax assets (liabilities) consisted of the following as of December 31, 2024 and 2023:

			December 31,
			2024						2023
Deferred tax assets:
Accrued liabilities and other			$	12,521					$	14,006
Loans receivable and investments			151,725						3,696
Other			8,733						1,784
Share based payments			3,464						13,953
Credit carryforwards			973						—
Capital loss carryforward			64,875						43,488
Net operating loss carryforward			103,559						103,313
Total deferred tax assets			345,850						180,240
Deferred tax liabilities:
Deductible goodwill and other intangibles			(8,169)						(33,265)
State taxes			(12,515)						(5,051)
Depreciation			(5,479)						(2,983)
Other			—						(993)
Total deferred tax liabilities			(26,163)						(42,292)
Net deferred tax assets			319,687						137,948
Valuation allowance			(311,756)						(104,317)
Net deferred tax asset			$	7,931					$	33,631
Deferred tax assets, net			$	13,393					$	33,631
Deferred tax liabilities, net			(5,462)						—
Net deferred tax asset			$	7,931					$	33,631

Schedule of reconciliation of the amounts of gross unrecognized tax benefits

A reconciliation of the amounts of gross unrecognized tax benefits (before federal impact of state items), excluding interest and penalties, was as follows:

			Year Ended December 31,
			2024						2023						2022
Beginning balance			$	14,819					$	16,146					$	10,826
Additions for current year tax positions			—						—						7,129
Additions for prior year tax positions			23						—						—
Reductions for prior year tax positions			—						(969)						(1,766)
Reductions due to lapse in statutes of limitations			(1,680)						(358)						(43)
Ending balance			$	13,162					$	14,819					$	16,146

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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.

+ References

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-Topic 740
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-Section 50
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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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Tabular disclosure of the change in unrecognized tax benefits.

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