Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Components of Income Tax (Benefit) Expense

The table below presents the components of income tax (benefit) expense for the following periods:


	Successor						Predecessor
	Year Ended December 31, 2022		Year Ended December 31, 2021		Period from May 22, 2020 through December 31, 2020		Period from January 1, 2020 through October 22, 2020
Federal:

Deferred	$	(1,372)	$	797	$	(2,047)	$	—
Total Federal	(1,372)		797		(2,047)		—

State:
Current	40		42		4		11
Deferred	(385)		245		(590)		(8)
Total State	(345)		287		(586)		3
Income tax (benefit) expense	$	(1,717)	$	1,084	$	(2,633)	$	3

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, 2022		Year Ended December 31, 2021			Period from May 22, 2020 through December 31, 2020		Period from January 1, 2020 through October 22, 2020
Tax benefit at federal statutory rates	$	(25,853)	(25,718)			(2,199)		—
State income tax, net of federal tax benefit	(7,532)		(2,163)			(628)		3
Class B Incentive Unit equity-based compensation	1,001		12,673			—		—
Valuation allowance	28,607		8,967			—		—
Net (decrease) increase in fair value of derivatives	(334)		7,004			—		—
Goodwill impairment	1,900		—			—		—
Transaction expenses	—		—			119		—
Other permanent differences	494		321			75		—
Income tax expense (benefit)	$	(1,717)	$	1,084		(2,633)		$	3

Effective tax rate	1.4%		(0.9)		%	25.1	%	0.0%

Schedule of Deferred Tax Assets and Liabilities

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




	December 31, 2022		December 31, 2021
Deferred tax assets:
Net operating loss carryforwards	$	23,750	$	9,932
Interest carryforwards	5,660		2,151
Amortizable transaction costs	1,874		1,410
Accrued expenses	1,226		1,361
Deferred rent	—		51
Equity-based compensation	1,043		50
Depreciation and amortization	8,017		—
Lease liabilities	1,626		—
Section 174 costs	2,729		—
Other assets	239		114
Total deferred tax assets	46,164		15,069
Valuation allowance	(43,347)		(13,439)
Net deferred tax assets	2,817		1,630

Deferred tax liabilities:
Depreciation and amortization	—		1,267
Prepaid expenses	1,490		611
Right-of-use assets	1,276		—
Total deferred tax liabilities	2,766		1,878
Net deferred tax assets (liabilities)	$	51	$	(248)

Schedule of Unrecognized Tax Benefits

The table below presents the Company’s gross unrecognized tax benefits:



Unrecognized tax benefits as of December 31, 2021	$	—
Increases related to positions taken on prior year items	785
Unrecognized tax benefits as of December 31, 2022	$	785