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INCOME TAX (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of income tax provision (benefit) on income from operations | Income tax provision (benefit) on income from operations consists of the following:
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Current: |  |  |  |  |
Federal | $ | 84,570 |  |  | $ | 7,591 |  |  | $ | (10,538) |
State | 25,975 |  |  | 3,203 |  |  | (1,304) |
| 110,545 |  |  | 10,794 |  |  | (11,842) |
Deferred | (87,192) |  |  | (13,271) |  |  | (7,936) |
| $ | 23,353 |  |  | $ | (2,477) |  |  | $ | (19,778) |
Reconciliation of U.S. statutory income tax rate to effective income tax expense rate | Reconciliation of the U.S. statutory income tax rate to our effective income tax expense rate for operations follows:
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Federal income tax expense at statutory rate | $ | 39,395 |  |  | $ | 33,386 |  |  | $ | 36,759 |
State income tax, net of federal income tax benefit | 9,197 |  |  | 5,594 |  |  | 6,677 |
Net operating loss carryback | (261) |  |  | 3,391 |  |  | (3,445) |
Excess tax benefits of share-based compensation | (7,752) |  |  | (47,675) |  |  | (60,190) |
Tax credits | (31,334) |  |  | (4,999) |  |  | (3,867) |
Non-deductible business expenses | 5,425 |  |  | 7,542 |  |  | 4,199 |
Uncertain tax positions | 8,338 |  |  | (425) |  |  | — |
Other, net | 345 |  |  | 709 |  |  | 89 |
| $ | 23,353 |  |  | $ | (2,477) |  |  | $ | (19,778) |
Schedule of deferred tax assets and liabilities | The tax effects of the major items recorded as deferred tax assets and liabilities as of December 31 are:
| 2022 |  | 2021
Deferred income tax assets: |  |  |
Capitalized research and experimental expenditures | $ | 76,731 |  |  | $ | — |
Operating expenses not currently deductible | 17,263 |  |  | 16,639 |
Stock option and other employee benefit plans | 21,373 |  |  | 19,596 |
Loss and credit carryforwards | 8,589 |  |  | 18,604 |
Deferred revenue | 4,405 |  |  | 4,717 |
Other | 289 |  |  | — |
Total deferred income tax assets | 128,650 |  |  | 59,556 |
Valuation allowance | — |  |  | — |
Total deferred income tax assets, net of valuation allowance | 128,650 |  |  | 59,556 |
Deferred income tax liabilities: |  |  |
Intangible assets | (256,818) |  |  | (266,827) |
Property and equipment | (11,220) |  |  | (12,272) |
Prepaid expenses | (9,503) |  |  | (8,542) |
Total deferred income tax liabilities | (277,541) |  |  | (287,641) |
Net deferred income tax liabilities | $ | (148,891) |  |  | $ | (228,085) |
Schedule of unrecognized tax benefits |
| 2022 |  | 2021 |  |
Balance at beginning of period | $ | 4,635 |  |  | $ | 1,929 |  |  |
Additions for tax positions of prior period | 5,522 |  |  | 4,508 |  |  |
Reductions for tax positions of prior period | (170) |  |  | (10) |  |  |
Additions for tax positions of current period | 5,804 |  |  | 212 |  |  |
Settlements | — |  |  | — |  |  |
Expiration of statutes of limitations | (1,160) |  |  | (2,004) |  |  |
Balance at end of period | $ | 14,631 |  |  | $ | 4,635 |  |  |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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