Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

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:

	2022		2021		2020
	(In thousands)
U.S.	$	37,040	$	(8,046)	$	5,673
Foreign	(75,350)		(23,832)		11,955
Pre-tax (loss) income	$	(38,310)	$	(31,878)	$	17,628

Schedule of Components of Income Tax Expense (Benefit)

The benefit (expense) for income taxes for the years ended December 31, 2022, 2021 and 2020 is as follows:

	2022		2021		2020
	(In thousands)
Current
U.S. federal	$	290	$	38	$	1,085
State	(620)		(236)		(447)
Foreign	(3,395)		(7,380)		(7,443)
Total current portion	(3,725)		(7,578)		(6,805)
Deferred
U.S. federal	(3,895)		5,884		8,588
State	360		1,220		2,929
Foreign	26,096		2,043		2,215
Total deferred portion	22,561		9,147		13,732
Total income tax benefit	$	18,836	$	1,569	$	6,927

Schedule of Effective Income Tax Rate Reconciliation

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

	2022		2021		2020
	(In thousands)
Income tax benefit (expense) at statutory rates	$	8,045	$	6,692	$	(3,702)
Earnings from REIT - not subject to tax	7,742		(3,599)		2,681
State income taxes, net of federal income tax benefit	(524)		(836)		(446)
Foreign income taxed at different rates	1,296		(983)		(2,366)
Change in valuation allowance	1,307		6,198		9,506
Non-deductible expenses	(4,379)		4,398		387
Change in status of investment	6,503		—		—
Change in enacted tax rate	—		(11,802)		—
Other	(1,154)		1,501		867
Total	$	18,836	$	1,569	$	6,927

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, 2022 and 2021 are as follows:

	2022		2021
	(In thousands)
Deferred tax assets:
Net operating loss and credits carryforwards	$	54,372	$	43,483
Accrued expenses	33,404		28,511
Share-based compensation	3,192		6,872
Lease obligations	21,552		19,388
Other assets	1,680		2,892
Total gross deferred tax assets	114,200		101,146
Less: valuation allowance	(84)		(1,034)
Total net deferred tax assets	114,116		100,112
Deferred tax liabilities:
Intangible assets and goodwill	(74,541)		(79,480)
Property, buildings and equipment	(145,936)		(165,905)
Lease right-of-use assets	(21,811)		(18,507)
Other liabilities	(5,889)		(4,875)
Total gross deferred tax liabilities	(248,177)		(268,767)
Net deferred tax liability	$	(134,061)	$	(168,655)