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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax

For the years ended December 31, 2022, 2021, and 2020, our income tax provision was calculated based on income before income taxes as follows (in thousands):

			2022						2021						2020
United States			$	523,273					$	497,421					$	228,181
Foreign			35,477						31,882						24,145
			$	558,750					$	529,303					$	252,326

Schedule of Income Tax Provision

The income tax provision for the years ended December 31, 2022, 2021, and 2020 consisted of the following (in thousands):

			2022						2021						2020
Current provision:
Federal			$	100,707					$	95,782					$	115,633
State and local			36,547						35,883						36,182
Foreign			4,891						4,420						3,922
			142,145						136,085						155,737
Deferred provision (benefit)			10,483						9,517						(36,354)
			$	152,628					$	145,602					$	119,383

Schedule of U.S. Statutory Income Tax Rate Rec

Items accounting for the differences between income taxes computed at the federal statutory rate and the income tax provision for the years ended December 31, 2022, 2021, and 2020 were as follows (in thousands):

			2022						2021						2020
Federal income taxes at the statutory rate			$	117,338					$	111,118					$	52,989
State and local income taxes, net of federal tax benefits			29,519						31,257						19,290
Permanent differences			5,261						5,316						5,860
Non-deductible impairment charges			—						—						40,165
Foreign income taxes (including UK statutory rate changes)			(155)						(2,241)						(140)
Other			665						152						1,219
			$	152,628					$	145,602					$	119,383

Schedule of Deferred Tax Assets and Liabilities

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

			December 31, 2022						December 31, 2021
Deferred income tax assets:
Excess of amounts expensed for financial statement purposes over amounts deducted for income tax purposes:
Insurance liabilities			$	57,278					$	50,316
Operating lease liabilities			78,391						76,451
Deferred compensation			40,682						40,080
Accrued federal payroll taxes (1)			—						14,235
Other (including liabilities and reserves)			35,584						31,252
Total deferred income tax assets			211,935						212,334
Valuation allowance for deferred tax assets			(3,580)						(2,465)
Net deferred income tax assets			208,355						209,869
Deferred income tax liabilities:
Costs capitalized for financial statement purposes and deducted for income tax purposes:
Goodwill and identifiable intangible assets			(153,767)						(154,382)
Operating lease right-of-use assets			(73,134)						(71,759)
Depreciation of property, plant and equipment			(28,435)						(25,341)
Pension asset			(4,082)						(1,847)
Other			(10,500)						(7,491)
Total deferred income tax liabilities			(269,918)						(260,820)
Net deferred income tax liabilities			$	(61,563)					$	(50,951)

_________________

(1)Represents employer Social Security tax payments previously deferred under the CARES Act.

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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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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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