Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Pre-tax book loss for FY 2020 and FY 2019 were as follows:

	FY 2020			FY 2019
Domestic	$	(92,883	)	$	(130,149	)
Foreign		87,702			35,907
Total pre-tax loss	$	(5,181	)	$	(94,242	)

Income Tax Provision (Benefit) for Federal, and State and Local Income Taxes

The income tax provision (benefit) for federal, and state and local income taxes in the consolidated statement of operations consists of the following:

	Year Ended December 31, 2020			Year Ended December 31, 2019
Current:
Federal	$	(6,509	)	$	(1,012	)
State and local		21			(10	)
Foreign		3,552			6,785
Total current	$	(2,936	)	$	5,763
Deferred:
Federal		(185	)		23
State and local		402			(103	)
Foreign		514			—
Total deferred		731			(80	)
Total Provision	$	(2,205	)	$	5,683

Significant Components of Net Deferred Tax Assets and Liabilities

The significant components of net deferred tax assets and liabilities of the Company consist of the following:

	2020			2019
State net operating loss carryforwards	$	6,117		$	4,064
U.S. Federal net operating loss carryforwards		54,349			36,391
Receivable reserves		1,344			280
Interest expense limitation		20,387			16,779
Intangibles		59,358			96,177
Equity compensation		1,988			1,838
Foreign Tax Credit		8,722			5,252
Other		5,895			9,293
Total deferred tax assets		158,160			170,074
Valuation allowance		(136,661	)		(143,453	)
Net deferred tax assets	$	21,499		$	26,621
Depreciation		—			(284	)
Convertible notes		(5,917	)		(6,451	)
Investment in joint ventures		(20,778	)		(24,350	)
Total deferred tax liabilities		(26,695	)		(31,085	)
Total net deferred tax liabilities	$	(5,196	)	$	(4,464	)
Balance Sheet detail on total net deferred tax assets (liabilities):
Non-current portion of net deferred tax assets		—			—
Non-current portion of net deferred tax liabilities	$	(5,196	)	$	(4,464	)

Rate Reconciliation Between Amount of Income Tax Provision (Benefit) at Federal Rate and Provision (Benefit) from Taxes on Loss Before Income Tax

The following is a rate reconciliation between the amount of income tax provision (benefit) at the Federal rate of 21% and provision (benefit) from taxes on loss before income taxes for FY 2020 and FY 2019, respectively:

	2020			2019
Income tax benefit computed at the federal rate of 21%	$	(1,089	)	$	(19,791	)
Increase (reduction) in income taxes resulting from:
State and local income taxes (benefit), net of federal income tax		420			(115	)
Non-controlling interest		(1,146	)		(2,552	)
Valuation allowance		1,330			21,842
Interest on income tax receivable		—			(1,253	)
Non-deductible interest expense		1,143			1,192
Non-deductible executive compensation		332			150
Foreign Earnings (rate differential)		3,467			8,300
Prior Year True Up		(8	)		(2,400	)
US Tax Reform / CARES Act		(6,686	)		23
Other, net		32			287
Total	$	(2,205	)	$	5,683