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Income Taxes
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes:
The provision for income taxes for the years ended December 31 consist of the following:
(In thousands)202320222021
Current
Federal$14,015 $25,318 $22,832 
State3,548 4,241 4,666 
17,563 29,559 27,498 
Deferred
Federal474 (628)589 
State(1,645)1,212 (355)
(1,171)584 234 
Total income tax expense$16,392 $30,143 $27,732 
The differences between income tax expense in the accompanying Consolidated Financial Statements and the amount computed by applying the statutory Federal income tax rate are as follows:
(In thousands)202320222021
Statutory rates applied to income before income taxes$15,274 $25,095 $24,949 
State income taxes, net of Federal tax benefit2,042 4,888 3,836 
Nondeductible compensation expense878 368 358 
Other(1,802)(208)(1,411)
$16,392 $30,143 $27,732 
Our effective tax rate differs from the federal statutory rate primarily due to state income taxes.
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The amounts in the following table are grouped based on broad categories of items that generate the deferred tax assets and liabilities.
(In thousands)20232022
Deferred tax assets:
Property and equipment$8,183 $7,414 
Lease liabilities54,390 55,322 
Accrued liabilities11,899 11,786 
Retirement benefits136 60 
State tax credits1,710 1,158 
Other531 702 
Total deferred tax assets76,849 76,442 
Deferred tax liabilities:
Inventory related9,145 7,058 
Right-of-use lease assets51,123 53,320 
Other940 563 
Total deferred tax liabilities61,208 60,941 
Net deferred tax assets$15,641 $15,501 
We review our deferred tax assets to determine the need for a valuation allowance. Based on evidence, we concluded that it is more-likely-than-not that our deferred tax assets will be realized and therefore a valuation allowance is not required.
We file income tax returns in the U.S. federal jurisdiction and various state and local jurisdictions. With respect to U.S. federal, state and local jurisdictions, with limited exceptions, we are no longer subject to income tax audits for years before 2020.
Uncertain Tax Positions
Interest and penalties associated with uncertain tax positions, if any, are recognized as components of income tax expense. No amounts for uncertain tax positions were recorded for the years currently open under statute of limitations.