INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The consolidated income (loss) before income taxes for 2022, 2021, and 2020 consists of the following (in thousands):

	Years Ended December 31,
	2022		2021		2020
Domestic	$	144,443	$	5,426	$	(110,049)
Foreign	1,992		(4,136)		835
Total income (loss) before income taxes	$	146,435	$	1,290	$	(109,214)

Schedule of Components of Income Tax Expense (Benefit)

The consolidated income tax expense (benefit) for 2022, 2021, and 2020 consists of the following components (in thousands):

	Years Ended December 31,
	2022		2021		2020
Current
Federal	$	34,490	$	8,449	$	(15,190)
State	6,468		(1,098)		(2,072)
Foreign	321		922		444
	41,279		8,273		(16,818)
Deferred
Federal	(5,911)		(9,423)		7,918
State	(1,703)		1,310		(2,959)
Foreign	—		(34)		57
	(7,614)		(8,147)		5,016
Total consolidated expense (benefit)	$	33,665	$	126	$	(11,802)

Schedule of Effective Income Tax Rate Reconciliation

The following table provides a reconciliation of differences from the U.S. Federal statutory rates as follows (in thousands):

	Years Ended December 31,
	2022		2021		2020
Pretax book income (loss)	$	146,435	$	1,290	$	(109,214)
Federal tax expense (benefit) at applicable statutory rate	30,751		271		(22,935)
State and local income taxes (net of federal benefit)	3,669		212		(4,948)
Rate differential	—		—		(5,004)
Impairment and divestiture	—		870		20,111
Tax credits	(2,422)		(2,065)		—
Nondeductible officer compensation	977		390		490
Compensation expense	1,013		964		1,070
Other	(323)		(516)		(586)
Total income tax expense (benefit)	$	33,665	$	126	$	(11,802)

Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax assets and deferred tax liabilities as of December 31, 2022 and 2021 were as follows (in thousands):

	December 31,
	2022		2021
Deferred tax assets
Tax credits and loss carryforwards	$	2,929	$	800
Accrued liabilities	5,965		5,764
Incentive compensation	6,960		8,012
Operating lease assets	5,878		2,875
Research expenditure amortization	7,739		—
Other	6,560		6,098
	36,031		23,549
Deferred tax liabilities
Property, plant and equipment	(22,991)		(22,344)
Intangibles	(30,188)		(28,748)
Operating lease liabilities	(5,878)		(2,875)
Other	(3,957)		(4,364)
	(63,014)		(58,331)
Net deferred tax liability before valuation allowances and reserves	(26,983)		(34,782)
Valuation allowances	(775)		(1,237)
Net deferred tax liability	$	(27,758)	$	(36,019)