Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Income before Income Tax, Domestic and Foreign

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


	2021		2020		2019
	(In thousands)
U.S.	$	(8,046)	$	5,673	$	33,417
Foreign	(23,832)		11,955		9,588
Pre-tax (loss) income	$	(31,878)	$	17,628	$	43,005

Schedule of Components of Income Tax Expense (Benefit)

The benefit (expense) for income taxes for the years ended December 31, 2021, 2020 and 2019 is as follows:


	2021		2020		2019
	(In thousands)
Current
U.S. federal	$	38	$	1,085	$	(20)
State	(236)		(447)		(670)
Foreign	(7,380)		(7,443)		(4,854)
Total current portion	(7,578)		(6,805)		(5,544)

Deferred
U.S. federal	5,884		8,588		7,701
State	1,220		2,929		2,217
Foreign	2,043		2,215		783
Total deferred portion	9,147		13,732		10,701
Total income tax benefit	$	1,569	$	6,927	$	5,157

Schedule of Effective Income Tax Rate Reconciliation

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


	2021		2020		2019
	(In thousands)
Income tax benefit (expense) at statutory rates	$	6,692	$	(3,702)	$	(9,031)
Earnings from REIT - not subject to tax	(3,599)		2,681		9,526
State income taxes, net of federal income tax benefit	(836)		(446)		(542)
Provision to return	421		(4)		2
Rate and permanent differences on non-U.S. earnings	6		(1,175)		(971)
Change in valuation allowance	6,198		9,506		2,761
Non-deductible expenses	4,398		387		3,462
Change in uncertain tax positions	86		—		(367)
Income withholding tax	(989)		(1,191)		(212)
Effect of Tax Cuts and Jobs Act	—		—		—

Change in enacted tax rate	(11,802)		—		—
Other	994		871		529
Total	$	1,569	$	6,927	$	5,157

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, 2021 and 2020 are as follows:


	2021		2020
	(In thousands)
Deferred tax assets:
Net operating loss and credits carryforwards	$	35,080	$	21,347
Accrued expenses	28,511		28,707
Share-based compensation	6,872		6,042
Lease obligations	19,388		10,382
Other assets	11,295		1,361
Total gross deferred tax assets	101,146		67,839
Less: valuation allowance	(1,034)		(9,158)
Total net deferred tax assets	100,112		58,681

Deferred tax liabilities:
Intangible assets and goodwill	(79,480)		(80,015)
Property, buildings and equipment	(165,905)		(187,114)
Lease right-of-use assets	(18,507)		(10,301)
Other liabilities	(4,875)		(927)
Total gross deferred tax liabilities	(268,767)		(278,357)
Net deferred tax liability	$	(168,655)	$	(219,676)