INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

The provision (benefit) for income taxes consists of the following (in thousands):


	Successor Company								Predecessor Company
	Year Ended December 31, 2019		Year Ended December 31, 2018		Period from February 1, 2017 to December 31, 2017		Period from January 1, 2017 to January 31, 2017
Current tax provision:
Foreign	$	201	$	212	$	164	$	11
Federal	4,668		1,283		—		—
State	1,591		182		—		—
Total Current	6,460		1,677		164		11

Deferred tax provision (benefit):
Federal	1,290		93		596		(1,792)
State	573		98		(226)		(422)
Total deferred	1,863		191		370		(2,214)
Total tax provision (benefit):	$	8,323	$	1,868	$	534	$	(2,203)

Reconciliation Between Income Tax Provision (Benefit) at US Statutory Tax Rate

A reconciliation between the income tax provision (benefit) at the U.S. statutory tax rate and the Company’s income tax provision (benefit) on the consolidated statements of operations and comprehensive income (loss) is below (in thousands):


	Successor Company												Predecessor Company
	Year Ended December 31, 2019			Year Ended December 31, 2018			Period from February 1, 2017 to December 31, 2017			Period from January 1, 2017 to January 31, 2017
Income (loss) before income taxes	$	27,932		$	(5,376)		$	(9,640)		$	(5,521)
US statutory tax rate	21		%	21		%	34		%	34		%
Income tax (benefit) expense at statutory rate	5,866			(1,129)			(3,277)			(1,877)

State tax expense (benefit), net of federal	1,639			145			(182)			(279)
Foreign tax rates different from U.S. statutory rate	260			146			95			(46)
Non-deductible expenses	374			1,978			3,309			1
Write-off of transaction costs	—			321			—			—
Write-off of net operating losses	—			314			—			—
Change in tax rate	71			76			604			—
Other	113			17			(15)			(2)
Total tax provision (benefit)	$	8,323		$	1,868		$	534		$	(2,203)

Deferred Tax Assets Liabilities

The following table outlines the principal components of the deferred tax assets and liabilities as of December 31 (in thousands):


	2019		2018
Deferred tax assets:
U.S. federal and state net operating losses	$	6,385	$	7,567
Foreign net operating losses	73		—
Allowance for doubtful accounts	275		287
Interest expense carryforwards	—		2,525
Share-based compensation	897		294
Accrued compensation	279		281
Deferred revenue	653		—
Accrued TCPA claim	880		—
Other	—		213
Total deferred tax assets	9,442		11,167

Deferred tax liabilities
Depreciation	(1,918)		(1,134)
Intangible amortization	(6,710)		(7,766)
Total deferred tax liabilities	(8,628)		(8,900)

Valuation allowance	(73)		—

Net deferred tax asset	$	741	$	2,267