Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Following is a summary of the income/(loss) before income taxes in the U.S. and foreign operations:

	2019		2018		2017
	(In thousands)
U.S.	$	33,417	$	37,060	$	(11,212	)
Foreign	9,588		7,306		19,997
Pre-tax income	$	43,005	$	44,366	$	8,785

Schedule of Components of Income Tax Expense (Benefit)

The benefit (expense) for income taxes for the years ended December 31, 2019, 2018 and 2017 is as follows:

	2019			2018			2017
	(In thousands)
Current
U.S. federal	$	(20	)	$	4,424		$	(4,848	)
State	(670		)	(353		)	(644		)
Foreign	(4,854		)	(3,604		)	(7,559		)
Total current portion	(5,544		)	467			(13,051		)
Deferred
U.S. federal	7,701			2,094			2,277
State	2,217			494			(72		)
Foreign	783			564			1,453
Total deferred portion	10,701			3,152			3,658
Total income tax benefit (expense)	$	5,157		$	3,619		$	(9,393	)

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the statutory rate and reported amount is as follows:

	2019			2018			2017
	(In thousands)
Income taxes at statutory rates	$	(9,031	)	$	(9,317	)	$	(2,987	)
Earnings (loss) from REIT - not subject to tax	9,526			9,015			(425		)
State income taxes, net of federal income tax benefit	(542		)	(187		)	(445		)
Provision to return	2			360			(205		)
Rate and permanent differences on non-U.S. earnings	(971		)	(1,228		)	668
Change in valuation allowance	2,761			(2,227		)	2,950
Non-deductible expenses	3,462			4,021			(2,345		)
Change in uncertain tax positions	(367		)	347			94
Effect of Tax Cuts and Jobs Act	—			3,797			(3,113		)
REIT excise tax	—			—			(4,772		)
Other	317			(962		)	1,187
Total	$	5,157		$	3,619		$	(9,393	)

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of December 31, 2019 and 2018 are as follows:

	2019			2018
	(In thousands)
Deferred tax assets:
Net operating loss and credits carryforwards	$	11,806		$	14,062
Accrued expenses	26,911			25,889
Share-based compensation	4,618			4,709
Lease obligations	9,674			—
Other assets	4,420			241
Total gross deferred tax assets	57,429			44,901
Less: valuation allowance	(16,043		)	(19,627		)
Total net deferred tax assets	41,386			25,274
Deferred tax liabilities:
Intangible assets and goodwill	(8,739		)	(5,628		)
Property, buildings and equipment	(38,358		)	(35,672		)
Lease right-of-use assets	(9,674		)	—
Other liabilities	(1,316		)	(1,144		)
Total gross deferred tax liabilities	(58,087		)	(42,444		)
Net deferred tax liability	$	(16,701	)	$	(17,170	)

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the activity related to our gross unrecognized tax benefits for the years ended December 31, 2019, 2018 and 2017:

	Tax			Interest			Penalties			Total
	(In thousands)
Balance at December 31, 2016*	$	857		$	19		$	8		$	884
Increases related to current-year tax positions	—			3			—			3
Decreases related to prior-year tax positions	—			(4		)	(8		)	(12		)
Decreases due to lapse in statute of limitations	(73		)	(12		)	—			(85		)
Balance at December 31, 2017*	784			6			—			790
Decreases due to lapse in statute of limitations	(353		)	(6		)	—			(359		)
Balance at December 31, 2018*	431			—			—			431
Increase related to current-year tax positions	367			—			—			367
Decreases due to lapse in statute of limitations	(431		)	—			—			(431		)
Balance at December 31, 2019*	$	367		$	—		$	—		$	367

*Balance would favorably affect the Company’s effective tax rate if recognized.