INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Components of Income Tax Expense (Benefit)

The benefit from income taxes from continuing operations consists of the following:


	For the Year Ended December 31,
	2019		2018		2017
	(in thousands)
Federal:
Current provision	$	-	$	-	$	-
Deferred provision		(7,751)		(2,670)		(52,878)
		(7,751)		(2,670)		(52,878)
Foreign:
Current provision		57		84		134
Deferred provision		-		-		-
		57		84		134
State:
Current provision		-		30		178
Deferred provision		(1,001)		612		8,143
		(1,001)		642		8,321
Benefit from income taxes	$	(8,695)	$	(1,944)	$	(44,423)

Schedule of Effective Income Tax Rate Reconciliation

The difference between the benefit from income taxes and the expected income tax provision determined by applying the statutory federal and state income tax rates to pre-tax income are as follows:


	For the Year Ended December 31,
	2019		2018		2017
Federal statutory rate	21.0	%	21.0	%	35.0	%
State taxes, net of federal tax benefit	1.6		2.0		—
Goodwill impairment	—		—		(32.2)
Noncontrolling interest	(2.6)		8.3		0.5
Valuation allowance	—		(7.3)		5.3
Nondeductible compensation	(1.6)		(5.7)		(0.1)
Foreign taxes	(0.1)		(0.5)		—
Other	(0.6)		(3.1)		(0.7)
Tax Cuts and Jobs Act	—		—		5.6
Change in state tax rates	—		(0.8)		—
	17.7	%	13.9	%	13.4	%

Schedule of Deferred Tax Assets and Liabilities

The components of the Company’s consolidated deferred income tax balances as of December 31, 2019 and 2018 are as follows:


	December 31,
	2019		2018
	(in thousands)
Deferred income tax assets
Net operating loss carryforwards	$	32,565	$	51,042
Capital loss carryforwards		2,997		4,417
Intangible assets - finite life		3,137		3,261
Stock-based compensation		286		439
Property and equipment		-		3,649
Deferred rent		-		799
Credits carryforward		1,148		1,281
Deferred revenue		1,939		2,755
Deferred interest expense		9,984		8,644
Deferred compensation		-		1,053
Operating lease liability		13,215		-
Other		4,791		3,585
		70,062		80,925
Deferred income tax liability - long-term
Intangible assets - indefinite-lived		(57,343)		(130,818)
Right-of-use asset - operating leases		(11,625)		-
Property and equipment		(193)		-
		(69,161)		(130,818)
Less: Valuation allowance		(15,252)		(17,109)
Net deferred income tax liability - long-term	$	(14,351)	$	(67,002)