INCOME TAXES Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Income Tax Expense (Benefit)

The income tax benefit consists of the following for the years ended December 31, 2019, 2018 and 2017 (in thousands):



	2019			2018			2017
US federal income tax (benefit) expense:
Current	$	—		$	—		$	—
Deferred	(3,072		)	(2,688		)	(21,944		)
	(3,072		)	(2,688		)	(21,944		)
State income tax (benefit) expense:
Current	2,074			1,176			1,244
Deferred	(1,276		)	(1,141		)	2,115
	798			35			3,359
Total income tax benefit	$	(2,274	)	$	(2,653	)	$	(18,585	)

Schedule of Effective Income Tax Rate Reconciliation

The difference between the statutory federal income tax rate and the effective tax rate is as follows for the years ended December 31, 2019, 2018 and 2017:



	2019		2018		2017
US federal statutory tax rate	21.0	%	21.0	%	35.0	%
US federal statutory tax rate change	—		—		115.9
State income taxes - net of federal benefit	(0.5	)	2.4		(10.1	)
Valuation allowance	(13.4	)	—		—
Changes in uncertain tax positions	—		14.7		(8.8	)
Non-deductible expenses	(3.5	)	(7.5	)	(5.6	)
Other, net	(0.7	)	(0.3	)	—
Effective income tax rate	2.9	%	30.3	%	126.4	%

Schedule of Deferred Tax Assets and Liabilities

The components of deferred income tax assets and liabilities using the 21% U.S. Federal statutory tax rate were as follows as of December 31, 2019 and 2018 (in thousands):



	2019			2018
Deferred tax assets:
Price concessions	$	12,302		$	14,879
Compensation and benefits	3,672			1,925
Interest limitation carryforward	38,623			3,486
Operating lease liability	19,462			1,640
Net operating losses	147,749			10,155
Other	5,506			3,644
Deferred tax assets before valuation allowance	227,314			35,729
Valuation allowance	(109,531		)	(1,373		)
Deferred tax assets net of valuation allowance	117,783			34,356

Deferred tax liabilities:
Accelerated depreciation	(10,376		)	(9,483		)
Operating lease right-of-use asset	(15,442		)	—
Intangible assets	(71,204		)	(39,977		)
Goodwill	(20,250		)	(14,700		)
Other	(2,654		)	(3,677		)
Deferred tax liabilities	(119,926		)	(67,837		)
Net deferred tax liabilities	$	(2,143	)	$	(33,481	)

Summary of Valuation Allowance

The following table presents the valuation allowance for deferred tax assets for the years ended December 31, 2019, 2018 and 2017 (in thousands):



			Additions
Description	Balance at Beginning of Period		Charged (Benefit) to Costs and Expenses		Charged to Other Accounts		Balance at End Period

2017: Valuation allowance for deferred tax assets	$	765	$	498	$	—	$	1,263

2018: Valuation allowance for deferred tax assets	$	1,263	$	110	$	—	$	1,373

2019: Valuation allowance for deferred tax assets	$	1,373	$	15,395	$	92,763	$	109,531