INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

The current and deferred components of the income tax (benefit) provision included in the Consolidated and Combined Consolidated Statements of Operations are as follows: 

	Year Ended December 31,
	2022		2021		2020
Current:
Federal	$	2	$	13	$	4
State and local	482		224		329
Foreign	—		—		(41)
Total current provision	484		237		292
Deferred:
Federal	3,824		(3,820)		(2,272)
State and local	154		(44)		—
Foreign	6		(3)		(4)
Total deferred (benefit) provision	3,984		(3,867)		(2,276)
Total	$	4,468	$	(3,630)	$	(1,984)

Schedule of Effective Income Tax Rate Reconciliation

The difference between our reported total provision for income taxes and the U.S. federal statutory rate of 21% is as follows:

 

	Year Ended December 31,
	2022		2021		2020
U.S. federal tax at statutory rate	21.00	%	21.00	%	21.00	%
Income not subject to tax at statutory rate	—	%	9.91	%	4.15	%
State and local taxes	1.77	%	(0.06)	%	(0.45)	%
Foreign taxes	—	%	—	%	0.06	%
Noncontrolling interest	(2.58)	%	—	%	—	%
Other	0.46	%	(4.43)	%	0.06	%
Change in valuation allowance	(23.09)	%	(23.05)	%	(22.13)	%
Provision for income taxes	(2.44)	%	3.37	%	2.69	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities are as follows:

	December 31,
	2022		2021
Deferred tax assets:
Net operating loss carryforwards	$	142,067	$	112,999
Accrued expenses	2,118		2,275
Interest expense	35,624		23,483
Operating lease liabilities	58,919		48,665
Investment in partnerships	49,488		15,524
Other	3,623		803
Total deferred tax assets	291,839		203,749
Less valuation allowance	(214,003)		(143,604)
Net deferred tax assets	77,836		60,145
Deferred tax liabilities:
Fixed assets and goodwill	(29,051)		(16,900)
Operating lease right-of-use assets	(52,624)		(43,101)
Net deferred tax assets (liabilities)	$	(3,839)	$	144

Summary of Valuation Allowance

A summary of the changes in the valuation allowance is as follows:

	December 31,
	2022		2021		2020
Valuation allowance at beginning of period	$	143,604	$	94,139	$	81,313
Change due to current year losses	70,399		49,465		12,826
Valuation allowance at end of period	$	214,003	$	143,604	$	94,139