INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

INCOME TAXES

Schedule of reconciliation of statutory federal income tax

A reconciliation of the statutory federal income taxes to the recorded benefit from income taxes from continuing operations is as follows:

	For the Years Ended December 31,
	2019		2018
	(In thousands)
Statutory federal tax expense	$	2,714	$	716
Effect of state taxes, net of federal benefit		1,904		383
Effect of state rate and tax law changes		578		(1,423)
Return to provision adjustments		(110)		659
Other permanent items		75		100
Non-deductible meals and entertainment		226		253
Impairment of long-lived intangible assets		1,218		3,087
Non-deductible officer’s compensation		1,781		(561)
Change in valuation allowance		24		(125,635)
IRC Section 382 adjustments		573		(13,547)
NOL expirations		1,815		—
Stock-based compensation forfeitures and adjustments		178		1,677
Uncertain tax positions		(172)		(829)
Other		60		(79)
Provision for (benefit from) income taxes	$	10,864	$	(135,199)

Schedule of components of provision (benefit) from income taxes

The components of the provision for (benefit from) income taxes from continuing operations are as follows:

	For the Years Ended
	December 31,
	2019		2018
	(In thousands)
Federal:
Current	$	—	$	—
Deferred		5,973		(116,316)
State:
Current		595		604
Deferred		4,296		(19,487)
Provision for (benefit from) income taxes	$	10,864	$	(135,199)

Schedule of components of deferred tax assets and liabilities

The significant components of the Company’s deferred tax assets and liabilities are as follows:

	As of December 31,
	2019		2018
	(In thousands)
Deferred tax assets:
Allowance for doubtful accounts	$	1,804	$	2,001
Accruals		528		1,685
Fixed assets		418		970
Stock-based compensation		499		543
Net operating loss carryforwards		103,700		121,562
Lease liability		12,094		—
Interest expense carryforward		16,224		6,519
Alternative minimum tax credit		428		856
Other		(324)		1,192
Total deferred tax assets		135,371		135,328
Valuation allowance for deferred tax assets		(249)		(235)
Total deferred tax asset, net of valuation allowance		135,122		135,093
Deferred tax liabilities:
Intangible assets		(147,350)		(145,072)
Right of use asset		(10,100)		—
Partnership interests		(1,813)		(1,795)
Qualified film expenditures		(419)		(1,130)
Total deferred tax liabilities		(159,682)		(147,997)
Net deferred tax liability	$	(24,560)	$	(12,904)

Schedule of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	2019		2018
	(In thousands)
Balance as of January 1	$	4,637	$	5,758
Additions for tax positions related to current years		—		157
Additions (deductions) for tax positions related to prior years		96		(1,113)
Deductions for tax positions as a result of tax settlements		—		(165)
Balance as of December 31	$	4,733	$	4,637