Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Summary of Components of Income Tax Provision

The components of the income tax provision (benefit) are as follows (in thousands):

	December 31,
	2025			2024			2023
Federal:
Current	$	1,597		$	(1,286	)	$	8,040
Deferred		39,835			(880	)		1,467
		41,432			(2,166	)		9,507
State:
Current		(2,739	)		1,144			770
Deferred		12,351			(1,250	)		1,772
		9,612			(106	)		2,542
Total	$	51,044		$	(2,272	)	$	12,049

Schedule of Differences Between Effective Rate and United States Federal Income Tax Statutory Rate

The differences between the effective rate and the United States federal income tax statutory rate are as follows:

	December 31, 2025(1)
	Amount			Percent
Tax at statutory rate	$	45,451			21.00	%
State income tax, net of federal benefit(2)		9,208			4.25
Non-deductible expenses
Executive compensation		3,317			1.53
Equity compensation adjustments		(662	)		(0.31	)
Other non-deductible expenses		451			0.21
Change in accrual estimates relating to      uncertain tax positions		(1,614	)		(0.75	)
Change in valuation allowance		(1,289	)		(0.60	)
Tax benefit related to divested operations		(3,969	)		(1.83	)
Other, net		151			0.08
Income tax provision and effective tax rate	$	51,044			23.58	%

(1) This table has been presented in conformity with new accounting guidance for income tax disclosures. See Note 2 - Summary of Significant Accounting Policies for more information.

(2) State taxes in Tennessee, California and Colorado made up the majority (greater than 50 percent) of the tax effect in this category.

	December 31,
	2024			2023
Tax at statutory rate		21.00	%		21.00	%
State income tax, net of federal benefit		3.26			2.79
Non-deductible expenses		(1.39	)		(4.43	)
Equity compensation adjustments		(1.80	)		(3.98	)
Change in accrual estimates relating to    uncertain tax positions		(0.22	)		0.67
Change in valuation allowance		(6.35	)		(13.82	)
Goodwill impairment		(12.38	)		(26.67	)
Other, net		0.12			(0.48	)
Effective tax rate		2.24	%		(24.92	)%

Significant Components of Deferred Income Tax Assets and Liabilities

All of the Company’s deferred tax assets and liabilities are classified as long-term. The significant components of deferred income tax assets and liabilities are as follows (in thousands):

	December 31,
	2025			2024
Allowance for uncollectible accounts	$	6,512		$	122,742
Reserves and accruals		62,699			68,128
Stock-based compensation		2,567			1,691
Operating loss and other carryforwards		118,405			47,869
Capital loss carryforwards		14,146			412,392
Operating lease assets		9,694			12,332
Property and equipment		1,686			2,734
Other		1,232			914
Deferred tax assets before valuation    allowance		216,941			668,802
Less: Valuation allowance		(29,654	)		(425,395	)
Deferred tax assets, net of valuation    allowance		187,287			243,407
Gross deferred tax liabilities:
Amortization		(162,181	)		(161,983	)
Operating lease liabilities		(8,184	)		(9,687	)
Other		(24	)		(2,128	)
Total deferred tax liabilities		(170,389	)		(173,798	)
Net deferred tax assets	$	16,898		$	69,609

Schedule of Income before Income Tax for all Jurisdictions

During the year ended December 31, 2025, the Company paid income taxes for all jurisdictions as follows:

	December 31,
	2025
Federal	321
State:
Texas		1,207
Other		187
State total		1,394
Total	$	1,715

Schedule of Activity Related to Gross Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s liability for uncertain tax positions for the years ended December 31, 2025, 2024 and 2023 (in thousands):

	Years Ended December 31,
	2025			2024			2023
Balance at beginning of year	$	2,402		$	2,449		$	2,838
(Decreases) increases related to prior year tax positions		—			(47	)		70
Increases related to current year tax    positions		—			—			200
Decreases related to lapse of statutes    of limitation		(1,379	)		—			(659	)
Balance at end of year	$	1,023		$	2,402		$	2,449