Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Current and Deferred Federal and State Income Tax Provision from Continuing Operations

The current and deferred federal and state income tax provision from continuing operations, are comprised of the following:

	For the Years Ended December 31,
	(Amounts in Thousands)
	2021		2020			2019
Current
Federal	$	4,603	$	10,230		$	5,876
State		2,398		3,312			2,442
Deferred
Federal		6,407		(3,690	)		(734	)
State		1,864		(1,043	)		(225	)
Provision for income taxes	$	15,272	$	8,809		$	7,359

Deferred Tax Assets And Liabilities

The tax effects of certain temporary differences between the Company’s book and tax bases of assets and liabilities give rise to significant portions of the deferred income tax assets (liabilities) at December 31, 2021 and 2020. The deferred tax assets (liabilities) consisted of the following:

	For the Years Ended December 31,
	(Amounts in Thousands)
	2021			2020
Deferred tax assets
Long-term
Accounts receivable allowances	$	14,590		$	14,023
Operating lease liabilities		11,623			12,123
Accrued compensation		3,752			3,580
Accrued workers’ compensation		3,119			3,220
Transaction costs		1,803			1,677
Stock-based compensation		1,293			833
Government stimulus advances		1,138			1,933
Restructuring costs		119			108
Other		793			1,269
Total long-term deferred tax assets		38,230			38,766
Deferred tax liabilities
Long-term
Goodwill and intangible assets		(26,097	)		(18,891	)
Operating lease assets, net		(9,571	)		(10,052	)
Property and equipment		(3,415	)		(3,217	)
Insurance premiums		(876	)		—
Other		—			(82	)
Total long-term deferred tax liabilities		(39,959	)		(32,242	)
Valuation allowance		—			—
Total net deferred tax (liabilities) assets	$	(1,729	)	$	6,524

Reconciliation of Statutory Federal Tax Rate

A reconciliation for continuing operations of the statutory federal tax rate of 21.0% to the effective income tax rate is summarized as follows:

	For the Years Ended December 31,
	2021				2020				2019
Federal income tax at statutory rate		21.0		%		21.0		%		21.0		%
State and local taxes, net of federal benefit		6.3				6.0				6.4
162(m) disallowance for executive compensation		3.5				6.0				7.5
Nondeductible penalties		0.6				—				1.3
Excess tax benefit		(2.0	)			(5.6	)			(6.7	)
Jobs tax credits, net		(4.1	)			(5.1	)			(8.3	)
Nondeductible permanent items		—				0.4				0.7
Federal/state return to provision		—				(1.6	)			0.6
Other		(0.1	)			(0.1	)			(0.3	)
Effective income tax rate		25.2		%		21.0		%		22.2		%