Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Taxes

Schedule of components of earnings before income taxes, by tax jurisdiction

	Years Ended December 31
$'s in 000's	2019		2018		2017
United States	$	(17,953)	$	(1,116)	$	11,479
Foreign		342		542		308
Total	$	(17,611)	$	(574)	$	11,787

Schedule of provision for income taxes

	Years Ended December 31
$'s in 000's	2019		2018		2017
Current:
Federal	$	—	$	—	$	(10)
State		317		148		63
Foreign		17		—		—
	$	334	$	148	$	53
Deferred and other:
Federal		(2,146)		(751)		3,708
State		(1,336)		(135)		19
Foreign		(161)		77		190
		(3,643)		(809)		3,917
Total income tax expense (benefit)	$	(3,309)	$	(661)	$	3,970

Schedule of reconciliation between effective tax rate and statutory tax rate

	Years Ended December 31
$'s in 000's		2019		2018		2017
Income tax expense (benefit) at federal statutory rate		21.0	%	21.0	%	35.0	%
State and local income taxes net of federal tax benefit		1.3		(5.7)		—
Non-controlling interest and nontaxable income		(4.0)		54.7		(33.2)
Deferred tax rate changes		(0.4)		37.2		—
Share-based compensation		0.1		18.3		—
Tax Cuts and Jobs Act of 2017		—		(7.3)		30.7
Other		0.8		(3.0)		1.2
Effective income tax rate		18.8	%	115.2	%	33.7	%

Schedule of tax effects of temporary differences of deferred tax assets and liabilities

$'s in 000's	2019		2018
Deferred tax assets
Investment in partnership	$	53,303	$	41,658
Fixed assets		29		41
Net operating loss carryforwards and tax credits		6,775		2,538
Other accruals and reversals		5		2
Subtotal		60,112		44,239
Less: valuation allowance		(143)		(206)
Net deferred tax assets		59,969		44,033
Deferred tax liabilities
Intangible assets	$	(293)	$	(350)
Other		(5)		(5)
Net deferred tax liabilities	$	(298)	$	(355)