INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

INCOME TAXES

Schedule of reconciliation of statutory federal income tax

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

	For the Years Ended December 31,
	2021		2020
	(In thousands)
Statutory federal tax expense/(benefit)	$	11,391	$	(8,620)
Effect of state taxes, net of federal benefit		2,131		(1,205)
Effect of state rate and tax law changes		(1,201)		(599)
Return to provision adjustments		47		503
Other permanent items		(27)		(213)
Non-deductible meals and entertainment		65		96
Impairment of long-lived intangible assets		—		3,339
Non-deductible officer’s compensation		2,055		1,002
Change in valuation allowance		(13)		28
IRC Section 382 adjustments		(705)		(30,143)
NOL expirations		610		3,000
Stock-based compensation forfeitures and adjustments		—		216
Uncertain tax positions		(777)		(1,923)
Other		1		43
Provision for (benefit from) income taxes	$	13,577	$	(34,476)

Schedule of components of the (benefit from) provision for income taxes

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

	For the Years Ended
	December 31,
	2021		2020
	(In thousands)
Federal:
Current	$	—	$	—
Deferred		13,395		(27,162)
State:
Current		1,063		552
Deferred		(881)		(7,866)
Provision for (benefit from) income taxes	$	13,577	$	(34,476)

Schedule of components of deferred tax assets and liabilities

	As of December 31,
	2021		2020
	(In thousands)
Deferred tax assets:
Allowance for doubtful accounts	$	2,111	$	1,924
Accruals		465		2,358
Fixed assets		486		453
Stock-based compensation		163		290
Deferred financing costs		—		1,475
Net operating loss carryforwards		114,217		128,023
Lease liability		10,022		11,592
Interest expense carryforward		15,506		11,934
Other		—		(200)
Total deferred tax assets		142,970		157,849
Valuation allowance for deferred tax assets		(264)		(277)
Total deferred tax asset, net of valuation allowance		142,706		157,572
Deferred tax liabilities:
Intangible assets		(132,586)		(135,848)
Right of use asset		(9,232)		(10,336)
Partnership interests		(1,964)		(1,347)
Deferred financing costs		(1,196)		—
Other		(201)		—
Total deferred tax liabilities		(145,179)		(147,531)
Net deferred tax (liability) asset	$	(2,473)	$	10,041

Schedule of unrecognized tax benefits

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

	2021		2020
	(In thousands)
Balance as of January 1	$	2,299	$	4,733
Additions for tax positions related to current years		—		—
Additions (deductions) for tax positions related to prior years		8		(2,434)
Deductions for tax positions as a result of the lapse of applicable statutes of limitation		(992)		—
Balance as of December 31	$	1,315	$	2,299