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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
INCOME TAXES |
Schedule of domestic and foreign components of the income before provision for income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2022 |  | 2021 |  | 2020
Domestic* |  | $ | 1,327,459 |  | $ | 1,431,797 |  | $ | 1,374,402
Foreign* | ​ | ​ | 244,505 | ​ | ​ | 369,622 | ​ | ​ | 251,755
Income before provision for income taxes |  | $ | 1,571,964 |  | $ | 1,801,419 |  | $ | 1,626,157
​ *After intercompany royalties, management fees and interest charges from the Company’s domestic to foreign entities of $85.0 million, $61.1 million and $54.2 million for the years ended December 31, 2022, 2021 and 2020, respectively.
Schedule of components of the provision for income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2022 |  | 2021 |  | 2020
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal |  | $ | 247,482 |  | $ | 273,115 |  | $ | 259,073
State | ​ | ​ | 47,255 | ​ | ​ | 44,990 | ​ | ​ | 43,704
Foreign | ​ | ​ | 37,421 | ​ | ​ | 89,410 | ​ | ​ | 70,658
​ | ​ | ​ | 332,158 | ​ | ​ | 407,515 | ​ | ​ | 373,435
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | ​ | 19,111 | ​ | ​ | 14,750 | ​ | ​ | 11,401
State | ​ | ​ | 258 | ​ | ​ | 4,689 | ​ | ​ | 4,709
Foreign | ​ | ​ | 26,084 | ​ | ​ | 5,092 | ​ | ​ | (167,595)
​ | ​ | ​ | 45,453 | ​ | ​ | 24,531 | ​ | ​ | (151,485)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Valuation allowance | ​ | ​ | 2,729 | ​ | ​ | (8,102) | ​ | ​ | (5,387)
​ |  | $ | 380,340 |  | $ | 423,944 |  | $ | 216,563
​
Schedule of reconciliation of income taxes computed at statutory federal rate to total income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2022 |  | 2021 |  | 2020
U.S. Federal tax expense at statutory rates |  | $ | 330,113 |  | $ | 378,298 |  | $ | 341,493
State income taxes, net of federal tax benefit | ​ | ​ | 35,848 | ​ | ​ | 38,894 | ​ | ​ | 37,478
Permanent differences | ​ | ​ | (5,450) | ​ | ​ | (4,168) | ​ | ​ | (1,064)
Stock based compensation | ​ | ​ | 3,571 | ​ | ​ | 2,790 | ​ | ​ | 1,097
Intra-company transfer benefit | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (165,075)
Other | ​ | ​ | 1,371 | ​ | ​ | (649) | ​ | ​ | (7,388)
Foreign rate differential | ​ | ​ | 12,158 | ​ | ​ | 16,881 | ​ | ​ | 15,409
Valuation allowance | ​ | ​ | 2,729 | ​ | ​ | (8,102) | ​ | ​ | (5,387)
​ |  | $ | 380,340 |  | $ | 423,944 |  | $ | 216,563
​
Schedule of components of the deferred tax assets (liabilities) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Deferred Tax Assets: | ​ | ​ | ​ | ​ | ​ | ​
Reserve for sales returns |  | $ | 2,262 |  | $ | 889
Reserve for inventory obsolescence | ​ | ​ | 4,651 | ​ | ​ | 3,643
Reserve for marketing development fund | ​ | ​ | 7,487 | ​ | ​ | 8,951
Capitalization of inventory costs | ​ | ​ | 6,537 | ​ | ​ | 2,533
State franchise tax - current | ​ | ​ | 2,339 | ​ | ​ | 2,493
Accrued compensation | ​ | ​ | 10,499 | ​ | ​ | 2,854
Accrued other liabilities | ​ | ​ | 1,820 | ​ | ​ | 4,634
Deferred revenue | ​ | ​ | 63,196 | ​ | ​ | 68,557
Stock-based compensation | ​ | ​ | 25,526 | ​ | ​ | 24,635
Foreign net operating loss carryforward | ​ | ​ | 19,896 | ​ | ​ | 14,507
Prepaid supplies | ​ | ​ | 7,901 | ​ | ​ | 6,317
Termination payments | ​ | ​ | 52,466 | ​ | ​ | 58,042
Operating lease liabilities | ​ | ​ | 5,739 | ​ | ​ | 4,711
Intangibles | ​ | ​ | 33,603 | ​ | ​ | 72,666
Impairment-trademarks and others | ​ | ​ | 2,567 | ​ | ​ | 2,047
Other deferred tax assets | ​ | ​ | 33,209 | ​ | ​ | 33,013
Total gross deferred tax assets |  | $ | 279,698 |  | $ | 310,492
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred Tax Liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Amortization of trademarks |  | $ | (39,237) |  | $ | (41,517)
State franchise tax - deferred | ​ | ​ | (5,503) | ​ | ​ | (5,505)
Operating lease ROU assets | ​ | ​ | (5,739) | ​ | ​ | (4,711)
Other deferred tax liabilities | ​ | ​ | (5) | ​ | ​ | (618)
Depreciation | ​ | ​ | (22,433) | ​ | ​ | (5,907)
Total gross deferred tax liabilities | ​ | ​ | (72,917) | ​ | ​ | (58,258)
​ | ​ | ​ | ​ | ​ | ​ | ​
Valuation Allowance | ​ | ​ | (29,742) | ​ | ​ | (27,013)
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax assets |  | $ | 177,039 |  | $ | 225,221
​
Schedule of roll-forward of the total gross unrecognized tax benefits, not including interest and penalties | ​
​ | ​ | ​ | ​
​ |  | Gross Unrecognized Tax
​ | ​ | Benefits
Balance at December 31, 2019 | ​ | $ | 2,993
Additions for tax positions related to the current year | ​ |  | —
Additions for tax positions related to the prior year | ​ |  | —
Decreases for tax positions related to prior years | ​ |  | (2,251)
Balance at December 31, 2020 | ​ | $ | 742
Additions for tax positions related to the current year | ​ | ​ | —
Additions for tax positions related to the prior year | ​ | ​ | —
Decreases for tax positions related to prior years | ​ | ​ | (742)
Balance at December 31, 2021 | ​ | $ | —
Additions for tax positions related to the current year | ​ | ​ | —
Additions for tax positions related to the prior year | ​ | ​ | 3,020
Decreases for tax positions related to prior years | ​ |  | —
Balance at December 31, 2022 | ​ | $ | 3,020
​

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