Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The following is a summary of income before income taxes (in thousands):

Years Ended December 31,	2023		2022		2021
Domestic	$	92,552	$	97,235	$	13,531
Foreign	(32,698)		(5,418)		8,596
Total income before income taxes	$	59,854	$	91,817	$	22,127

Schedule of Components of Income Tax Expense (Benefit)

The following is a summary of the provision for income taxes (in thousands):

Years Ended December 31,	2023		2022		2021
Federal:
Current	$	1,579	$	255	$	1,382
Deferred	23,331		10,326		15,022
Total federal	24,910		10,581		16,404
State:
Current	3,565		5,721		(935)
Deferred	1,362		(1,691)		2,652
Total state	4,927		4,030		1,717
Foreign:
Current	(1,432)		1,951		2,663
Deferred	1,862		(3,602)		(1,071)
Total foreign	430		(1,651)		1,592
Total provision for income taxes	$	30,267	$	12,960	$	19,713

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of our provision for income taxes based on the Federal statutory tax rate to our effective tax rate (dollars in thousands):

Years Ended December 31,	2023				2022				2021
Federal statutory tax	$	12,569	21.0	%	$	19,282	21.0	%	$	4,647	21.0	%
Non-deductible debt extinguishment costs	10,360		17.3		—		—		—		—
State taxes, net of federal tax benefit	5,171		8.6		2,761		3.0		1,912		8.6
Foreign taxes	(3,473)		(5.8)		(2,695)		(2.9)		1,912		8.6
Percentage depletion deduction	(1,119)		(1.9)		(1,062)		(1.2)		(1,015)		(4.6)
Non-controlling interests	2,942		4.9		933		1.0		1,613		7.3
Nondeductible expenses	2,699		4.5		3,744		4.1		1,398		6.3
Company-owned life insurance	(466)		(0.8)		902		1.0		(736)		(3.3)
Stock-based compensation	(685)		(1.2)		(330)		(0.4)		(664)		(3.0)
Changes in uncertain tax positions	(96)		(0.2)		(54)		(0.1)		—		—
Change in valuation allowance, net	3,163		5.3		(3,212)		(3.5)		(518)		(2.3)
Assets held for sale	—		—		(14,427)		(15.7)		10,089		45.6
Nondeductible goodwill	945		1.6		8,212		9.0		—		—
Return to provision adjustments	(1,250)		(2.1)		(1,102)		(1.2)		1,153		5.2
Other	(493)		(0.8)		8		—		(78)		(0.3)
Total	$	30,267	50.6	%	$	12,960	14.1	%	$	19,713	89.1	%

Schedule of Deferred Tax Assets and Liabilities

The following is a summary of the deferred tax assets and liabilities:

(in thousands)	December 31, 2023		December 31, 2022
Long-term deferred tax assets:
Receivables	$	1,328	$	2,818
Insurance	15,018		12,575
Deferred compensation	10,424		9,432
Convertible debt - call option amortization	11,963		3,832
Accrued compensation	3,811		3,354
Other accrued liabilities	1,218		1,536
Contract income recognition	16,986		16,181
Lease liabilities	16,272		12,572
Net operating loss carryforwards	40,541		41,388
Valuation allowance	(24,569)		(19,919)
Other	3,587		2,671
Total long-term deferred tax assets	96,579		86,440
Long-term deferred tax liabilities:
Property and equipment	76,067		53,921
Right of use assets	16,041		12,202
Total long-term deferred tax liabilities	92,108		66,123
Net long-term deferred tax assets	$	4,471	$	20,317

Summary of Operating Loss Carryforwards

The following is a summary of the net operating loss carryforwards at December 31, 2023:

(in thousands)	Expiration	Gross Carryforward		Tax Effected Carryforward
Federal net operating loss carryforwards	N/A	$	67,827	$	14,243
State net operating loss carryforwards	2024-2042	$	187,314	9,458
Foreign tax loss carryforwards	2024-2042	$	57,625	16,840
Total net operating loss carryforwards at December 31, 2023				$	40,541

Summary of Valuation Allowance

The following is a summary of the change in valuation allowance:

(in thousands)	December 31, 2023		December 31, 2022
Beginning balance	$	19,919	$	26,533
Additions (deductions), net	4,650		(6,614)
Ending balance	$	24,569	$	19,919

Summary of Income Tax Contingencies

The following is a tabular reconciliation of unrecognized tax benefits (in thousands). The balances in the reconciliation are the gross amounts before considering reductions related to available net operating losses. The balance of unrecognized tax benefits net of available net operating losses is included in other long-term liabilities and accrued expenses and other current liabilities in the consolidated balance sheets:

December 31,	2023		2022		2021
Beginning balance	$	22,756	$	22,724	$	23,320
Gross increases – current period tax positions	—		—		—
Gross decreases – current period tax positions	—		—		—
Gross increases – prior period tax positions	—		—		—
Gross decreases – prior period tax positions	77		(426)		(9)
Settlements with taxing authorities/lapse of statute of limitations	(242)		(60)		(69)
Reclassification of balances from (to) held for sale	—		518		(518)
Ending balance	$	22,591	$	22,756	$	22,724