Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The income tax provision for the years ended December 31, 2019, 2020 and 2021 is summarized below (in thousands):

	2019		2020		2021
Current:
Federal	$	37,878	$	31,398	$	20,754
State	11,584		9,786		5,736
Foreign	—		125		2,761
Total current	49,462		41,309		29,251
Deferred:
Federal	(7,009)		(8,537)		(10,128)
State	133		(538)		(612)
Foreign	—		(4,545)		3,001
Total deferred	(6,876)		(13,620)		(7,739)
Total provision for income taxes	$	42,586	$	27,689	$	21,512

Schedule of Income before Income Tax, Domestic and Foreign

The U.S. and foreign components of income (loss) before income taxes for the years ended December 31, 2019, 2020 and 2021 are summarized below (in thousands):

	2019		2020		2021
United States	$	123,724	$	128,822	$	57,804
Foreign	—		(14,865)		18,795
Total income before income taxes	$	123,724	$	113,957	$	76,599

Schedule of Tax Effects of Principal Temporary Differences Affecting Net Deferred Tax Assets (Liabilities)

The tax effects of the principal temporary differences that give rise to the Company’s net deferred tax liability are as follows as of December 31, 2020 and 2021 (in thousands):

	2020		2021
Lease liabilities	$	28,017	$	25,706
Allowance for credit losses	14,083		13,190
Contract liabilities	8,500		10,214
Stock-based compensation	6,318		7,758
Other	6,713		7,020
Other facility-related costs	582		1,916
Loss carryforward	7,307		619
Intangible assets	(84,515)		(74,016)
Property and equipment	(20,421)		(21,320)
Right-of-use lease assets	(19,991)		(15,052)
Valuation allowance	—		(630)
Net deferred tax liability	$	(53,407)	$	(44,595)

Summary of Changes in Unrecognized Tax Benefits

The following table summarizes changes in unrecognized tax benefits, excluding interest and penalties, for the respective periods (in thousands):

	Year Ended December 31,
	2020		2021
Beginning unrecognized tax benefits	$	1,165	$	314
Additions for tax positions taken in the prior year	30		948
Reductions for tax positions taken in prior years	(881)		(219)
Ending unrecognized tax benefits	$	314	$	1,043

Schedule of Reconciliation Between Statutory Tax Rate and Effective Tax Rate

A reconciliation between the Company’s statutory tax rate and the effective tax rate for the years ended December 31, 2019, 2020, and 2021 is as follows:

	2019		2020		2021
Statutory federal rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefits	4.6		5.6		3.4
Impact of foreign operations	—		(1.2)		2.2
Termination of deferred compensation arrangements	9.2		—		—
Transaction costs	—		0.6		—
Excess tax benefit on share-based compensation	(2.6)		(2.0)		—
Other	2.2		0.3		1.5
Effective tax rate	34.4	%	24.3	%	28.1	%