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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Summary of Income

Income before income taxes, classified by source of income, was as follows:

			Year ended December 31,
			2024						2023						2022
Domestic			$	2,031,759					$	1,637,756					$	1,192,004
Foreign			(21,529)						(17,250)						(10,473)
Income before income taxes			$	2,010,230					$	1,620,506					$	1,181,531

Schedule of Components of Provision for Income Taxes

The components of the provision for income taxes were as follows:

			Year ended December 31,
			2024						2023						2022
Current tax:
U.S. Federal			$	412,943					$	314,757					$	246,210
U.S. State and Local			104,478						85,355						79,041
Foreign			1,636						1,162						374
			519,057						401,274						325,625
Deferred tax:
U.S. Federal			(32,751)						(7,992)						(23,502)
U.S. State and Local			(10,195)						(1,532)						(19,940)
Foreign			(4,385)						(7,606)						3,771
			(47,331)						(17,130)						(39,671)
Valuation allowance			4,394						7,625						(3,524)
Provision for income taxes			$	476,120					$	391,769					$	282,430

Schedule of Effective Tax Rate

The effective tax rate differs from the statutory tax rates as follows:

			Year ended December 31,
			2024						2023						2022
Statutory U.S. federal income tax rate			21.0%						21.0%						21.0%
State income tax, net of related federal income tax benefit			3.7						4.0						3.8
Federal tax credits			(0.9)						(1.0)						(1.0)
Executive compensation disallowed			0.5						0.8						0.8
Valuation allowance			0.3						0.3						0.2
Uncertain tax position reserves			-						0.4						0.3
Other			0.2						0.2						0.6
Return to provision and other discrete items			(0.1)						(0.2)						(0.1)
Equity compensation related adjustments			(1.0)						(1.3)						(1.7)
Effective income tax rate			23.7%						24.2%						23.9%

Schedule of Deferred Income Tax Liabilities and Assets

The components of the deferred income tax assets and liabilities for continuing operations were as follows:

			December 31,
			2024						2023
Deferred income tax liability:
Leasehold improvements, property and equipment, net			$	262,692					$	272,017
Goodwill and other assets			1,753						1,743
Operating lease assets			1,088,934						972,835
Total deferred income tax liability			1,353,379						1,246,595
Deferred income tax asset:
Gift card liability			19,087						18,101
Capitalized transaction costs			323						323
Stock-based compensation and other employee benefits			61,574						50,954
Foreign net operating loss carry-forwards			35,215						32,252
State credits			872						1,838
Operating lease liabilities			1,159,788						1,038,911
Allowances, reserves and other			26,105						12,870
Capitalized research costs			29,122						25,990
Prepaid assets and other			10,334						6,637
State net operating loss carry-forwards			3,867						4,332
Valuation allowance			(39,116)						(34,722)
Total deferred income tax asset			1,307,171						1,157,486
Deferred income tax liabilities			$	46,208					$	89,109

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the unrecognized tax benefits was as follows:

			Year ended December 31,
			2024						2023						2022
Beginning of year			$	16,488					$	8,902					$	5,262
Increase resulting from prior year tax positions			3,737						7,561						3,937
Decrease resulting from prior year tax positions			(3,748)						(295)						-
Increase resulting from current year tax positions			916						783						312
Settlements with taxing authorities			-						(6)						-
Lapsing of statutes of limitations			(505)						(457)						(609)
End of year			$	16,888					$	16,488					$	8,902

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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