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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Before Income Taxes

The components of income before income taxes consisted of the following (in thousands):

			Year Ended December 31,
			2024						2023						2022
Domestic			$	454,452					$	312,870					$	260,564
Foreign jurisdictions			21,470						22,812						22,296
Income before income taxes			$	475,922					$	335,682					$	282,860

Schedule of Income Tax Provision

Income tax provision consisted of the following (in thousands):

			Current						Deferred						Total
Year ended December 31, 2024
U.S. Federal			$	80,490					$	(19,837)					$	60,653
U.S. state and local			11,791						(5,707)						6,084
Foreign jurisdictions			5,877						(1,078)						4,799
			$	98,158					$	(26,622)					$	71,536
Year ended December 31, 2023
U.S. Federal			$	64,381					$	(24,117)					$	40,264
U.S. state and local			8,848						(1,869)						6,979
Foreign jurisdictions			4,622						1,007						5,629
			$	77,851					$	(24,979)					$	52,872
Year ended December 31, 2022
U.S. Federal			$	49,991					$	(19,705)					$	30,286
U.S. state and local			7,160						(3,297)						3,863
Foreign jurisdictions			3,330						13						3,343
			$	60,481					$	(22,989)					$	37,492

Summary Of Difference Between Statutory Rate for Federal Income Tax and Effective Income Tax Rate

The difference between the statutory rate for federal income tax and the effective income tax rate was as follows (in thousands):

			Year Ended December 31,
			2024												2023												2022
Income tax expense calculated at the federal statutory rate			$	99,944					21.0		%				$	70,493					21.0		%				$	59,401					21.0		%
Effect of:
State and local taxes, net of federal benefit			7,556						1.6						5,146						1.5						4,235						1.5
Tax on foreign earnings, net of tax credits and deductions			(4,031)						(0.8)						(1,305)						(0.4)						(3,277)						(1.2)
Deferred credit			(338)						(0.1)						(596)						(0.2)						(621)						(0.2)
Permanent items:
Stock-based awards			(22,197)						(4.7)						(14,692)						(4.4)						(18,738)						(6.6)
Deduction for FDII			(10,931)						(2.3)						(9,358)						(2.8)						(4,983)						(1.8)
Other			1,628						0.4						63						—						595						0.2
State/Local tax credits			(2,786)						(0.6)						(2,536)						(0.8)						(1,294)						(0.5)
Change in liability for uncertain tax positions			1,611						0.3						4,784						1.4						1,560						0.6
Other			1,080						0.2						873						0.5						614						0.3
			$	71,536					15.0		%				$	52,872					15.8		%				$	37,492					13.3		%

Schedule of Components of Company's Net Deferred Tax Asset (Liability)

Components of the Company’s net deferred tax asset (liability) included in the consolidated balance sheets consisted of the following at December 31 (in thousands):

			2024						2023
Deferred tax assets:
Accrued liabilities			$	31,898					$	27,101
Depreciation and amortization			1,222						1,258
Foreign operating loss carryforward			51						35
Advanced billings			127,115						98,438
Other			2,002						2,474
Valuation allowance			(1,607)						(1,826)
Total deferred tax assets			160,681						127,480
Deferred tax liabilities:
Depreciation and amortization			(59,016)						(52,443)
Prepaid expenses			(1,462)						(1,581)
Other			(1,646)						(1,425)
Total deferred tax liabilities			(62,124)						(55,449)
Net deferred tax asset (liability)			$	98,557					$	72,031

Schedule of Annual Activity Related to Valuation Allowance

Annual activity related to the Company’s valuation allowance is as follows (in thousands):

			Year Ended December 31,
			2024						2023						2022
Beginning Balance			$	1,826					$	430					$	850
Additions charged to expense			938						1,582						15
Reductions from utilization, reassessments and expirations			(1,157)						(186)						(493)
Remeasurement due to effect of tax reform			—						—						58
Ending Balance			$	1,607					$	1,826					$	430

Schedule of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows (in thousands):

			Year Ended December 31,
			2024						2023						2022
Beginning Balance			$	20,380					$	15,947					$	13,784
Increases in tax positions for prior years			435						—						171
Decreases in tax positions for prior years			(189)						(97)						(490)
Increases in tax positions for current year			6,822						5,382						4,871
Lapse in statute of limitations			(1,921)						(852)						(2,389)
Ending Balance			$	25,527					$	20,380					$	15,947

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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 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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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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