Income taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income taxes

Schedule of tax provision amounts recognized in the consolidated statements of profits and losses

	Year ended December 31,
	2020		2019
Current year	$	76,718	$	14,977
Provision to return adjustment		(888)		2,123
Current tax expense		75,830		17,100
Deferred tax expense		7,541		6,959
Provision for income taxes	$	83,371	$	24,059

Schedule of reconciliation of federal statutory income tax rate to effective income tax rate

	Year ended December 31,
	2020				2019
Income (loss) before provision for income taxes	$	22,043			$	(45,789)
Tax using the Company's domestic tax rate		3,307	15.0	%	$	(6,868)	15.0	%
Effect of tax rates in foreign jurisdictions		1,323	6.0	%		(2,747)	6.0	%
Tax effect of:
State taxes, net of federal benefit		1,240	5.6	%		3,130	(6.8)	%
Share-based compensation		7,883	35.8	%		4,993	(10.9)	%
Non-taxable partnership income		(395)	(1.8)	%		(137)	0.3	%
Non-deductible expenses		61,970	281.1	%		18,341	(40.1)	%
Other		3,139	14.2	%		1,290	(2.8)	%
Unrecognized deferred tax asset on current year losses		4,904	22.2	%		6,057	(13.2)	%
	$	83,371	378.2	%	$	24,059	(52.5)	%

Summary of changes in the Company's deferred taxes

					Acquired in				Deferred		Deferred
	Net balance		Recognized in		business				tax		tax
	at January 1		profit or loss			combination	Net		asset		liability
As of December 31, 2020
Depreciation and amortization	$	(8,004)	$	(13,648)	$	(193,382)	$	(215,034)	$	—	$	(215,034)
Accrued & prepaid expenses		(7,681)		7,984		—		303		303		—
Inventories		(7,552)		(18,633)		—		(26,185)		—		(26,185)
Tax loss carryforward		3,223		16,756		—		19,979		19,979		—
Tax asset (liability) before netting	$	(20,014)	$	(7,541)	$	(193,382)	$	(220,937)	$	20,282	$	(241,219)
Balance sheet netting										(14,754)		14,754
Net tax asset (liability)									$	5,528	$	(226,465)

					Acquired in				Deferred		Deferred
	Net balance		Recognized in		business				tax		tax
	at January 1		profit or loss			combination	Net		asset		liability
As of December 31, 2019
Depreciation and amortization	$	(5,163)	$	7,122	$	(9,963)	$	(8,004)	$	—	$	(8,004)
Accrued & prepaid expenses		(455)		(7,226)		—		(7,681)		—		(7,681)
Share-based compensation		1,117		(1,117)		—		—		—
Inventories		(890)		(6,662)		—		(7,552)		—		(7,552)
Tax loss carryforward		903		1,460		860		3,223		3,223		—
Tax credit carryforward		536		(536)		—		—		—		—
Tax asset (liability) before netting	$	(3,952)	$	(6,959)	$	(9,103)	$	(20,014)	$	3,223	$	(23,237)
Balance sheet netting										(595)		595
Net tax asset (liability)									$	2,628	$	(22,642)

Summary of deferred tax assets not been recognized

	December 31, 2020				December 31, 2019
	Gross amount		Tax amount		Gross amount		Tax amount
Deductible temporary differences	$	61,192	$	17,948	$	20,535	$	5,798
Tax losses		146,387		40,727		65,345		17,447
	$	207,579	$	58,675	$	85,880	$	23,245