v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) The Company's income tax (benefit) expense from continuing operations during the years ended December 31, 2025, 2024 and 2023 were the following:
 202520242023
Current:
Federal$632 $3,625 $18,444 
State1,390 178 4,285 
Foreign3,454 4,716 — 
Total Current Tax Expense5,476 8,519 22,729 
Deferred:
Federal(5,252)(113,588)(6,268)
State208 (19,922)(2,625)
  Foreign
(5,904)— — 
Total Deferred Taxes(10,948)(133,510)(8,893)
Total Income Tax Expense (Benefit)$(5,472)$(124,991)$13,836 
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of income taxes computed at the U.S. federal statutory income tax rate (21.0% for 2025, 2024 and 2023) to the provision for income taxes reflected in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income for the years ended December 31, 2025, 2024 and 2023 is as follows:

2025
Income Taxes at Federal Statutory Rate$(30,911)21.0 %
State and local income tax, net of federal effect1,448 (1.0)
Foreign Tax Effects(847)0.6 
Changes in Valuation Allowance27,193 (18.5)
Non-Controlling Interest6,421 (4.4)
Other Nondeductible or Nontaxable Items362 (0.2)
Changes in Unrecognized Tax Benefits436 (0.3)
Return to Provision(4,959)3.4 
Intangible Basis Adjustment(2,145)1.5 
Other(2,470)1.7 
Total Tax Provision$(5,472)3.7 %
20242023
Tax Expense at the Statutory Rate$(262,466)$11,894 
State Income Taxes, Net of Federal Income Tax Benefit(19,538)1,561 
Share-based compensation(16)(537)
Other permanent differences1,743 (36)
Non-deductible compensation156 1,190 
Foreign Tax Rate Differential(1,019)— 
Federal income tax credits— (34)
Change in Valuation Allowance57,614 — 
Non-Controlling Interest65,772 — 
Goodwill Impairment42,081 — 
Other(9,318)(202)
Total Tax Provision$(124,991)$13,836 
Schedule of Significant Components of Deferred Tax Assets and Liabilities
The significant components of the deferred tax assets and liabilities at December 31, 2025 and 2024 were as follows:
December 31,
2025		December 31,
2024
Deferred tax assets
Operating Lease Liabilities$15,168 $1,318 
Net Operating Loss Carryforwards24,284 12,617 
Interest Disallowance50,587 23,827 
Investment in Partnership43,225 36,179 
Other5,845 3,295 
Total Deferred Tax Assets139,109 77,236 
Valuation allowances(113,247)(72,508)
Total Net Deferred Tax Assets25,862 4,728 
Deferred Tax Liabilities
Tax Over Book Depreciation4,838 4,047 
Operating Lease Right-of-Use-Assets13,976 1,391 
Intangible Assets33,376 37,420 
Other893 39 
Total Deferred Tax Liabilities53,083 42,897 
Net Deferred Tax Liabilities$(27,221)$(38,169)
Schedule of Income Taxes Paid Cash income taxes paid by jurisdiction during the year ended December 31, 2025 were as follows:
Income Taxes Paid Net of Refunds by Jurisdiction 2025
Hong Kong$2,850 
Mexico1,665 
United States Federal (5,010)
Other1,367 
Total cash income taxes paid$872 
Schedule of Unrecognized Tax Benefits Roll Forward
A reconciliation of the beginning and ending amount of unrecognized tax benefits as of and during the years ended December 31, 2025 and 2024 is as follows:
Balance at December 31, 2023$153 
Reductions for settlement with state taxing authorities(66)
Reductions for tax positions of prior years(213)
Additions from acquisition of Omni Newco, LLC2,257 
Balance at December 31, 2024
$2,131 
Reductions for settlement with state taxing authorities(66)
Additions for tax positions of current year4,437 
Balance at December 31, 2025$6,502