Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Taxes

Schedule of components of the provision for income taxes

	2019		2018		2017
Domestic
Current	$	1,615	$	891	$	3,706
Deferred		5,992		10,864		21,880
Foreign
Deferred		—		—		(2)
Total income tax expense	$	7,607	$	11,755	$	25,584

Schedule of Income tax results differed from the amount computed by applying the U.S. statutory income tax rate to income before income taxes

	2019		2018		2017
Statutory income tax expense	$	2,903	$	3,109	$	9,298
State tax expense		1,816		2,681		531
Effect of tax rates in foreign jurisdictions		(37)		(623)		219
Change in tax rate		—		—		12,064
Financing fees		—		—		2,608
Interest expense		—		—		(194)
Transaction costs		2,387		1,288		355
Stewardship expense		35		2,397		—
Valuation allowances		226		2,801		752
Other		277		102		(49)
Reported income tax expense	$	7,607	$	11,755	$	25,584

Schedule of components of the Companies deferred tax assets and liabilities

	2019		2018
Deferred tax assets
Deferred compensation	$	161	$	177
Deferred revenue		5,941		10,084
Intangible assets		9,289		7,420
Tax loss carryforwards		16,799		22,093
Accrueds		—		54
Interest		7		730
Other - net		632		162
Deferred tax assets gross		32,829		40,720
Valuation allowance		(3,994)		(3,572)
Net deferred income tax asset		28,835		37,148
Deferred tax liabilities
Rental equipment and other plant, property and equipment		(21,358)		(24,728)
Software		(1,050)		—
Deferred tax liability		(22,408)		(24,728)
Net deferred income tax asset	$	6,427	$	12,420

Schedule of valuation allowance

ax loss carryovers totaled $74.4 million at December 31, 2019.  Approximately $4.1 million of these tax loss carryovers expire between 2023 and 2040. The remaining $70.3 million of tax loss carryovers do not expire. The availability of these tax losses to offset future income varies by jurisdiction. Furthermore, the ability to utilize the tax losses may be subject to additional limitations upon the occurrence of certain events, such as changes in ownership of the Company.  A valuation allowance has been established against the deferred tax assets to the extent it is not more likely than not they will be realized.
					Valuation
	2019		Expiration		Allowance
United States	$	71,615	$	1,300 expire in 2038. Remaining do not expire	—	%
Canada		2,384		2023-2040	100	%
Mexico		434		2024-2030	100	%
Total	$	74,433