Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Summary of Geographical Breakdown of Income Before Provision for (Loss) Income Taxes

The following is a geographical breakdown of income before the provision for (loss) income taxes as of December 31:

	2020			2019			2018
Pre-tax (loss) income:
Federal	$	(58,140	)	$	(26,510	)	$	(21,459	)
Foreign		1,042			(168	)		—
Total		(57,098	)		(26,678	)		(21,459	)

Summary of Income Tax Expense (Benefit)

Income tax expense (benefit) for the years ended December 31, is comprised of the following:

	2020			2019			2018
Current:
Federal	$	(38	)	$	4		$	7
State		1,152			289			245
Foreign		490			41			—
Total		1,604			334			252
Deferred:
Federal		(1,184	)		(2,323	)		(3,639	)
State		553			(1,132	)		(1,581	)
Foreign		(122	)		—			—
Total		(753	)		(3,455	)		(5,220	)
Income tax expense (benefit)	$	851		$	(3,121	)	$	(4,968	)

Schedule of Significant Components of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities as of December 31, are as follows:

	2020			2019
Deferred tax assets:
Net operating losses	$	7,353		$	3,850
Allowance for bad debts		1,231			331
Employee related		2,553			1,348
Contingent consideration		3,209			588
Other		170			318
Total deferred tax asset		14,516			6,435
Deferred tax liabilities:
Intangible assets		(2,918	)		(4,825	)
Property and equipment		(5,598	)		(4,589	)
Other		(604	)		(551	)
Total deferred tax liability		(9,120	)		(9,965	)
Valuation allowance		(8,211	)		—
Net deferred tax liability	$	(2,815	)	$	(3,530	)

Reconciliation of Federal Statutory Income Tax Rate to Effective Income Tax Rate

A reconciliation of the federal statutory income tax rate to the Company’s effective income tax rate for the years ended December 31, is as follows:

	2020				2019				2018
Tax completed at federal statutory rate		21.00		%		21.00		%		21.00		%
State tax net of federal benefit		1.32				2.51				4.96
Non- deductible expenses		(1.05	)			(1.38	)			(0.91	)
Equity compensation		(0.59	)			(2.41	)			(0.83	)
Embedded derivatives and warrant options		(7.43	)			(8.79	)			—
Foreign taxes		(0.77	)			(0.15	)			—
Change in valuation allowance		(14.30	)			—				—
Other		0.34				0.92				(1.03	)
Effective income tax rate		(1.48	)	%		11.70		%		23.19		%