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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
The provision (benefit) for income taxes consist of the following (in thousands):
Years Ended December 31,
20212020
Current:
Federal$2,539 3,101 
State307 216 
Foreign26 248 
Total Current2,872 3,565 
Deferred
Federal12,848 69 
State3,591 (549)
Total Deferred16,439 (480)
Provision for income taxes $19,311 $3,085 
Schedule of Effective Income Tax Rate Reconciliation
The provision for income taxes shown above varies from the statutory federal income tax rate for those periods as follows (in thousands):
Years Ended December 31,
20212020
Tax provision (benefit) from federal statutory rate $5,356 $(2,190)
Tax on income not subject to entity level federal income tax1,074 1,897 
State income taxes, net of federal tax effect(817)(280)
Warrant liability fair value change(3,804)1,856 
Permanent adjustments - Tax Receivable Agreement(3,211)— 
Other permanent adjustments(36)434 
True-ups and other(919)(465)
Foreign tax credit63 (63)
Undistributed earnings529 823 
Canadian tax expense26 261 
Valuation allowance21,240 812 
Tax credits(190)— 
Tax provision$19,311 $3,085 
Schedule of Deferred Tax Assets and Liabilities Deferred tax assets and liabilities are composed of the following (in thousands):
Years Ended December 31,
20212020
Deferred tax assets:
Investment in DMS Holdings LLC$29,066 $30,017 
Reserve accruals418 140 
Charitable contributions11 9 
Interest carryforward2,562 1,158 
Tax credit carryforwards190 63 
Property and equipment42 — 
Net operating loss1,808 150 
Total gross deferred tax assets34,097 31,537 
Less: Valuation allowance(32,970)(11,626)
Total deferred tax assets, net$1,127 $19,911 
Deferred tax liabilities:
Intangibles(4,561)(6,971)
Property and equipment— (193)
Undistributed earnings(1,352)(823)
Total deferred tax liabilities(5,913)(7,987)
Net deferred tax (liability) asset $(4,786)$11,924