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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Income (Loss) Before Income Taxes
Components of income (loss) before income taxes are as follows:

Year ended December 31,
202120202019
(in millions)
Domestic$14.1 $(13.6)$(28.4)
Foreign— — — 
Total income (loss) before income taxes$14.1 $(13.6)$(28.4)
Schedule of Provision for Income Tax Expense
The provision for income tax expense consists of the following:

Year ended December 31,
202120202019
(in millions)
Current tax provision
Federal$4.9 $— $— 
State2.3 0.9 0.1 
Total current provision7.2 0.9 0.1 
Deferred tax provision
Federal(2.1)— — 
State(0.9)— — 
Total deferred (benefit)(3.0)— — 
Total provision$4.2 $0.9 $0.1 
Schedule of Effective Income Tax Rate Reconciliation Income tax expense (benefit) differs from the amounts computed by applying the statutory income tax rate of 21% to income (loss) before income taxes as follows:
Year ended December 31,
202120202019
(in millions)
Tax at Federal Statutory Rate$3.0 $— $— 
State taxes, net of federal benefit0.5 0.9 0.1 
Stock-based compensation(3.1)— — 
Non-deductible expenses0.6 — — 
Remeasurement of TRA liability(0.8)— — 
Noncontrolling interest0.9 — — 
Valuation allowance4.0 — — 
Other(0.9)— — 
Income tax expense$4.2 $0.9 $0.1 
Schedule of Deferred Tax Assets and Liabilities
The components of the deferred tax assets and liabilities are as follows:

Year ended December 31,
20212020
(in millions)
Deferred tax assets:
Investment in Partnership$36.7 $— 
Net operating losses5.0 1.6 
Share based compensation1.8 — 
Deferred tax assets, gross43.5 1.6 
Valuation allowance(4.0)— 
Total deferred tax assets, net39.5 1.6 
Deferred tax liabilities:
Intangibles0.7 3.5 
Total deferred tax liabilities0.7 3.5 
Net deferred tax assets (liabilities)$38.8 $(1.9)
Schedule of Unrecognized Tax Benefits Roll Forward The following is a reconciliation of the beginning and ending amount of unrecognized tax benefits (which excludes federal benefits of state taxes, interest, and penalties):
(in millions)
Balance at December 31, 2020$— 
Increases in uncertain tax benefits as a result of tax positions taken in prior year0.1 
Balance at December 31, 2021$0.1 

The Company recognizes interest and penalties related to unrecognized tax benefits as a component of income tax expense. For the years ended December 31, 2021 and 2020, there were no interest or penalties related to unrecognized tax benefits.

Based upon the expiration of statutes of limitations and possible settlements in several jurisdictions, we believe it is reasonably possible that the total amount of previously unrecognized tax benefits would remain the same within twelve months after the year ended December 31, 2021.