Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income (Loss) Before Income Taxes

Domestic and foreign components of income before income taxes were as follows: 

	Year Ended December 31,
	2021		2020		2019
Domestic	$	64,139	$	61,028	$	173,039
Foreign	11,006		9,157		15,284
Income before income taxes	$	75,145	$	70,185	$	188,323

Schedule of Provision For Income Taxes

The provision for income taxes consisted of: 

	Year Ended December 31,
	2021		2020		2019
Current:
Federal	$	—	$	(786)	$	1,088
State	348		597		1,408
Foreign	2,497		4,211		4,121
Total current income taxes	2,845		4,022		6,617
Deferred:
Federal	2,658		8,040		14,853
State	1,516		(253)		10,681
Foreign	656		(839)		(131)
Total deferred income taxes	4,830		6,948		25,403
Total provision for income taxes	$	7,675	$	10,970	$	32,020

Schedule of Effective Income Tax Rate Reconciliation

The effective income tax rate was different from the statutory U.S. federal income tax rate due to the following: 

	Year Ended December 31,
	2021		2020		2019
Income taxes at 21% statutory tax rate	$	15,780	$	14,739	$	39,548
Net difference resulting from:
Profit of non-controlling interest not subject to U.S. federal tax	(3,754)		(5,508)		(15,477)
Foreign income taxes (net of foreign tax credit)	2,423		269		364
State income taxes (excluding rate change)	1,348		883		4,887
Impact of change in forecasted state income tax rate	1,347		(1,216)		5,774
Foreign withholding taxes	730		462		988
Change in valuation allowance	(8,977)		2,840		(3,888)
Adjustments of prior year taxes	79		(1,663)		1,336
Stock compensation	(1,096)		(34)		(762)
Other	(205)		198		(750)
Total provision for income taxes	$	7,675	$	10,970	$	32,020

Schedule of Components of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities are as follows:

	December 31,
	2021		2020
Investment in Cactus LLC	$	292,956	$	224,485
Imputed interest	12,297		10,333
Tax credits	3,713		5,719
Net operating loss carryforwards	11,198		2,333
Other	152		546
Deferred tax assets	320,316		243,416
Valuation allowance	(17,242)		(26,813)
Deferred tax asset, net	303,074		216,603
Foreign withholding taxes	854		562
Other	318		224
Deferred tax liability, net	$	1,172	$	786