Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) were as follows:


	Successor				Predecessor
	Year Ended December 31, 2021		Period from May 22, 2020 through December 31, 2020		Period from January 1, 2020 through October 22, 2020		Year Ended December 31, 2019
Federal:

Deferred	$	797	$	(2,047)	$	—	$	—
Total Federal	797		(2,047)		—		—

State:
Current	42		4		11		11
Deferred	245		(590)		(8)		(2)
Total State	287		(586)		3		9
Income tax expense (benefit)	$	1,084	$	(2,633)	$	3	$	9

Schedule of Effective Income Tax Rate Reconciliation

The following is the reconciliation of the amounts computed using the federal statutory income tax rate and the amounts computed using the effective income tax rate:


	Successor				Predecessor
	Year Ended December 31, 2021		Period from May 22, 2020 through December 31, 2020		Period from January 1, 2020 through October 22, 2020		Year Ended December 31, 2019
Tax benefit at federal statutory rates	$	(25,718)	$	(2,199)	$	—	$	—
State income tax, net of federal tax benefit	(2,163)		(628)		3		9
Class B Incentive Unit equity-based compensation	12,673		—		—		—
Valuation allowance	8,967		—		—		—
Net increase in fair value of derivatives	7,004		—		—		—
Transaction expenses	—		119		—		—
Other permanent differences	321		75		—		—
Income tax expense (benefit)	$	1,084	$	(2,633)	$	3	$	9

Schedule of Deferred Tax Assets and Liabilities

The table below presents the components of net deferred tax assets and deferred liabilities:


	Successor
	December 31, 2021		December 31, 2020
Deferred tax assets:
Net operating loss carryforwards	$	9,932	$	891
Interest carryforwards	2,151		161
Amortizable transaction costs	1,410		—
Accrued expenses	1,361		86
Deferred rent	51		20
Equity-based compensation	50		—
Other assets	114		20
Total deferred tax assets	15,069		1,178
Valuation allowance	(13,439)		—
Net deferred tax assets	1,630		1,178

Deferred tax liabilities:
Depreciation and amortization	1,267		204
Prepaid expenses	611		137
Deferred revenue	—		43
Total deferred tax liabilities	1,878		384
Net deferred tax (liabilities) assets	$	(248)	$	794