Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The benefit (provision) for income taxes is comprised of the following.

	For the Years Ended December 31,
(in thousands)	2022		2021		2020
Federal:
Current	$	(17)	$	161	$	55
Deferred	1,325		9,837		5,840
Total federal	1,308		9,998		5,895
State:
Current	251		(1,835)		(11,247)
Deferred (included in federal above)	—		—		—
Total state	251		(1,835)		(11,247)
Total	$	1,559	$	8,163	$	(5,352)

Reconciliation of Income Tax Expense (Benefit)

A reconciliation of the benefit (provision) for income taxes to the amount computed at the U.S. Federal statutory rate of 21% is as follows.

	For the Years Ended December 31,
(in thousands)	2022		2021		2020
Tax benefit (provision) at U.S. statutory rate	$	50,397	$	22,565	$	(18,348)
State taxes, net of federal income tax	10,811		7,673		(11,909)
Valuation allowance	(57,080)		13,027		27,913
Goodwill derecognition	—		(31,829)		—
Stock compensation	(181)		(1,856)		(2,118)
Other	(2,388)		(1,417)		(890)
Total	$	1,559	$	8,163	$	(5,352)

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company's deferred tax assets and liabilities are as follows.

	As of December 31,
(in thousands)	2022		2021
Deferred income tax assets:
Operating loss carryforwards	$	361,160	$	281,384
Operating lease obligations	199,226		208,460
Tax credits	50,415		50,415
Accrued expenses	42,828		56,151
Intangible assets	39,360		50,576
Financing lease obligations	12,749		87,992
Capital loss carryforward	2,140		2,205
Other	3,091		6,450
Total gross deferred income tax asset	710,969		743,633
Valuation allowance	(425,043)		(367,963)
Net deferred income tax assets	285,926		375,670
Deferred income tax liabilities:
Operating lease right-of-use assets	(149,881)		(158,237)
Property, plant and equipment	(122,377)		(202,103)
Investment in unconsolidated ventures	(12,064)		(15,051)
Total gross deferred income tax liability	(284,322)		(375,391)
Net deferred tax asset (liability)	$	1,604	$	279

A reconciliation of the beginning and ending amounts of the deferred tax valuation allowance is as follows:

			Additions
Year Ended	Balance at beginning of period		Charged to costs and expenses			Charged to other accounts		Deductions		Balance at end of period
December 31, 2020	$	408,903	$	(27,913)	(1)	$	—	$	—	$	380,990
December 31, 2021	$	380,990	$	(13,027)	(2)	$	—	$	—	$	367,963
December 31, 2022	$	367,963	$	57,080	(3)	$	—	$	—	$	425,043

(1) Reduction of valuation allowance for federal and state net operating losses.

(2) Reduction of valuation allowance for federal and state net operating losses and credits.

(3) Increase to valuation allowance for federal and state net operating losses and credits.

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the unrecognized tax benefits is as follows.

	For the Years Ended December 31,
(in thousands)	2022		2021
Balance at beginning of period	$	18,089	$	18,385
Additions for tax positions related to the current year	—		—
Reductions for tax positions related to prior years	(1)		(296)
Balance at end of period	$	18,088	$	18,089