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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | For the years ended December 31, income from continuing operations before income taxes consisted of the following:
(in thousands) | 2024 |  | 2023 |  | 2022
Income before income taxes |  |  |  |  |
Domestic | $ | 592,704 |  |  | $ | 548,428 |  |  | $ | 465,991 |
Foreign | 37,526 |  |  | 37,829 |  |  | 32,926 |
Total income from continuing operations before income taxes | $ | 630,230 |  |  | $ | 586,257 |  |  | $ | 498,917 |
Schedule of Company's Income Tax Provision | For the years ended December 31, the Company’s income tax provision consisted of the following:
| 2024 |  | 2023 |  | 2022
(in thousands) |  |  |  |  |
Current: |  |  |  |  |
Federal | $ | 126,246 |  |  | $ | 112,647 |  |  | $ | 92,793 |
State | 36,328 |  |  | 33,516 |  |  | 26,786 |
Foreign | 11,613 |  |  | 12,781 |  |  | 9,144 |
Total current tax expense | 174,187 |  |  | 158,944 |  |  | 128,723 |
Deferred: |  |  |  |  |
Federal | (6,848) |  |  | (2,349) |  |  | (333) |
State | (2,336) |  |  | (2,925) |  |  | 2,011 |
Foreign | (1,152) |  |  | (2,370) |  |  | (83) |
Total deferred tax (benefit) expense | (10,336) |  |  | (7,644) |  |  | 1,595 |
Total income tax provision | $ | 163,851 |  |  | $ | 151,300 |  |  | $ | 130,318 |
Schedule of Primary Factors Causing Income Tax Expense to be Different than the Federal Statutory Rate | The following table presents the principal components of the difference between the effective tax rate and the U.S. federal statutory income tax rate for the years ended December 31:
| 2024 |  | 2023 |  | 2022
(in thousands) |  |  |  |  |
Income tax at statutory rate | $ | 132,348 |  |  | $ | 123,114 |  |  | $ | 104,773 |
State income tax expense (net of federal benefit) | 26,854 |  |  | 24,167 |  |  | 22,750 |
Foreign tax rate differential | 2,071 |  |  | 1,948 |  |  | 1,907 |
Tax on unremitted earnings | 355 |  |  | 1,408 |  |  | 549 |
Federal tax credits | (1,296) |  |  | (1,362) |  |  | (616) |
Permanent items | 2,773 |  |  | 2,239 |  |  | 445 |
Other reconciling items | 746 |  |  | (214) |  |  | 510 |
Total income tax provision | $ | 163,851 |  |  | $ | 151,300 |  |  | $ | 130,318 |
Schedule of Significant Components of the Company's Deferred Tax Assets and Liabilities | The Company’s deferred tax assets and liabilities as of December 31, 2024 and 2023 are as follows:
| 2024 |  | 2023
(in thousands) |  |  |
Deferred tax assets: |  |  |
Employee compensation and benefits | $ | 15,146 |  |  | $ | 15,451 |
Unearned revenues | 15,243 |  |  | 13,998 |
Insurance reserves | 29,773 |  |  | 24,152 |
Lease liabilities | 118,382 |  |  | 90,486 |
Non-amortizable intangible assets | 7,792 |  |  | 6,883 |
Other deferred tax assets | 16,415 |  |  | 14,944 |
Total deferred tax assets | 202,751 |  |  | 165,914 |
Valuation allowance | (7,792) |  |  | (6,883) |
Net deferred tax assets | $ | 194,959 |  |  | $ | 159,031 |
Deferred tax liabilities: |  |  |
Fixed assets and depreciation | $ | 9,599 |  |  | $ | 12,430 |
Intangible assets | 93,872 |  |  | 81,194 |
Right of use assets | 102,299 |  |  | 81,971 |
Other deferred tax liabilities | — |  |  | — |
Total deferred tax liabilities | $ | 205,770 |  |  | $ | 175,595 |
Net deferred taxes |  |  |
Deferred tax assets | 4,841 |  |  | 2,294 |
Deferred tax liabilities | (15,652) |  |  | (18,858) |
Net deferred taxes | $ | (10,811) |  |  | $ | (16,564) |
Schedule of Analysis of the Valuation Allowance | The changes in the Company’s valuation allowance for deferred tax assets are as follows:
(in thousands) |
December 31, 2022 | $ | — |
Charged to income tax expense | 962 |
Charged to other accounts | 5,921 |
December 31, 2023 | 6,883 |
Charged to income tax expense | 909 |
Charged to other accounts | — |
December 31, 2024 | $ | 7,792 |
Schedule of Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
December 31, | 2024 |  | 2023 |  | 2022
(in thousands) |  |  |  |  |
Unrecognized tax benefits at beginning of year | $ | 1,784 |  |  | $ | 1,394 |  |  | $ | 1,018 |
Additions for tax positions of prior years | — |  |  | 653 |  |  | 376 |
Reductions for tax positions of prior years | (39) |  |  | (263) |  |  | — |
Settlements with taxing authorities | (161) |  |  | — |  |  | — |
Unrecognized tax benefits at end of year | $ | 1,584 |  |  | $ | 1,784 |  |  | $ | 1,394 |

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