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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Taxes [Abstract] |
US And Foreign Pre-Tax Income | Amounts in thousands 2021 2020 2019Income before taxes: US $ 29,715 $ (45,927) $ (3,736)Foreign (1,566) 2,639 (8,231)Total income before taxes $ 28,149 $ (43,288) $ (11,967)
Provision For Income Taxes | For the year ended December 31, Amounts in thousands 2021 2020 2019US - Current $5,160 $270 $316US - Deferred — 973 (199)Provision for US income taxes $5,160 $1,243 $117 Foreign - Current $866 $1,130 $3,748Foreign - Deferred 345 2,475 309Provision for foreign income taxes $1,211 $3,605 $4,057Total provision for income taxes $6,371 $4,848 $4,174
Reconciliation Of Effective Income Tax Rate Statutory Federal Income Tax Rate | Amounts in thousands202120202019US federal income tax statutory rate 21.0%(21.0%)(21.0%)Foreign income taxes(0.2%)(2.2%)6.8%State income tax (net of federal benefit)3.0%(3.8%)(0.3%)Meals, entertainment, gifts and giveaways0.4%—2.4%Statutory to US GAAP adjustments, including foreign currency2.6%(1.8%)3.7%Valuation allowance(4.6%)41.0%32.3%Unrecognized tax benefit(0.3%)——Stock options1.3%(0.1%)1.9%Tax Act impact——5.6%Permanent and other items(0.6%)(0.9%)3.5%Total provision for income taxes22.6%11.2%34.9%
Deferred Tax Assets And Liabilities | Amounts in thousands 2021 2020Deferred tax assets (liabilities) - US Federal and state: Deferred tax assets Amortization of goodwill for tax $ 7,902 $8,416Amortization of startup costs — 13Financing obligation to VICI Properties, Inc. subsidiaries 68,342 67,712NOL carryforward — 2,506Operating and finance leases 329 488Accrued liabilities and other 861 590 77,434 79,725Valuation allowance (10,236) (12,371) $67,198 $67,354Deferred tax liabilities Property and equipment $ (66,616) $ (66,677)Operating and finance leases (313) (479)Prepaid expenses (269) (198) $ (67,198) $ (67,354)Long-term deferred tax asset $ — $ — Deferred tax assets (liabilities) - foreign Deferred tax assets Property and equipment $ 704 $ 810 NOL carryforward 6,331 5,179Accrued liabilities and other 1,018 854Contingent liability — 90Operating and finance leases 8,615 9,583Subsidiary liquidation 3,802 4,283Exchange rate gain 992 1,236 21,462 22,035Valuation allowance (10,088) (9,261) $ 11,374 $ 12,774Deferred tax liabilities Property and equipment $ (4,071) $ (4,044)Exchange rate loss (158) (199)Intangibles (1,110) (1,105)Operating and finance leases (7,894) (8,944)Others (501) (495) $ (13,734) $ (14,787)Long-term deferred tax liability $ (2,360) $ (2,013)
Periods Subject To Examination Of Tax Returns | Jurisdiction Periods US Federal 2017-2020 US State - Colorado 2017-2020 US State – Missouri 2019-2020 US State – West Virginia 2019-2020 Canada 2006-2020 Mauritius 2018-2020 Poland 2016-2020 Austria 2016-2020
Deferred Tax Assets Expiration | Amounts in thousands 2021 - 2031 $2712032 - 2041 5,618No expiration 442Total deferred tax assets $6,331
Unrecognized Tax Benefits | Amounts in thousands 2021 2020Unrecognized tax benefit - January 1 $835 $821Gross increases - tax positions in prior period 3 14Gross decreases - tax positions in prior period — —Gross increases - tax positions in current period — —Settlements — —Lapse of statute of limitations (61) —Unrecognized tax benefit - December 31 $777 $835

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- 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=121826272&loc=d3e32639-109319 + Details
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- 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=121826272&loc=d3e32687-109319 + Details
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