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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The domestic and foreign components of income before provision for income taxes were as follows (in thousands):

			For the years ended December 31,
			2025						2024						2023
Domestic			$	441,591					$	444,118					$	401,912
Foreign			86,376						89,325						101,367
Total			$	527,967					$	533,443					$	503,279

Schedule of Components of Provision for Income Taxes

The provision for income taxes consisted of the following (in thousands):

			For the years ended December 31,
			2025						2024						2023
Current:
Federal			$	66,183					$	68,321					$	64,164
State			24,264						27,649						25,496
Foreign			20,783						16,737						23,078
			111,230						112,707						112,738
Deferred
Federal			22,556						20,669						18,251
State			3,771						(4,415)						(9,049)
Foreign			(564)						2,183						3,483
			25,763						18,437						12,685
Provision for income taxes			$	136,993					$	131,144					$	125,423

Schedule of Effective Income Tax Rate Reconciliation

The Company's effective income tax rate varied from the amount computed using the statutory federal income tax rate of 21% as follows (in thousands, except percentages):

			For the years ended December 31,
			2025												2024												2023
			Amount						Percent						Amount						Percent						Amount						Percent
Adjusted pre-tax book income			$	527,967											$	533,443											$	503,279
U.S. federal statutory tax rate			110,873						21.0		%				112,023						21.0		%				105,689						21.0		%
State and local income taxes, net of federal income tax effect(1)			22,147						4.2						18,480						3.5						12,948						2.6
Foreign tax effects
Canada
Statutory tax rate difference between Canada and the United States			(4,600)						(0.9)						(4,876)						(0.9)						(5,630)						(1.1)
Provincial income taxes			6,673						1.3						7,391						1.4						9,786						1.9
Divestiture of business			(5,693)						(1.1)						—						—						—						—
Other adjustments			4,701						0.9						(3,086)						(0.6)						1,177						0.2
Other foreign jurisdictions			661						0.1						446						0.1						(160)						—
Total foreign tax effects			1,742						0.3						(125)						—						5,173						1.0
Effect of changes in tax laws or rates enacted in the current period			—						—						—						—						—						—
Effect of cross-border tax laws			—						—						—						—						—						—
Tax credits			(1,000)						(0.2)						3,099						0.6						2,144						0.4
Changes in valuation allowances			(16)						—						(4,075)						(0.8)						(3,245)						(0.6)
Nontaxable and nondeductible items			156						—						(7)						—						(940)						(0.2)
Changes in unrecognized tax benefits			—						—						—						—						—						—
Other adjustments			3,091						0.6						1,749						0.3						3,654						0.7
Effective tax rate			$	136,993					25.9		%				$	131,144					24.6		%				$	125,423					24.9		%

___________________________________

(1)In 2025 state taxes in California, Texas, Arkansas, Illinois, Louisiana, Massachusetts, New York and New Jersey comprise the majority of the state taxes, net of federal effect category. In 2024 and 2023 state taxes in California, Texas, Massachusetts, Illinois, Louisiana and New York comprise the majority of the state taxes, net of federal effect category.

Schedule of Income Taxes Paid by Jurisdiction

Income taxes paid by jurisdiction, net of refunds received, consisted of the following (in thousands):

						For the years ended December 31,
						2025						2024						2023
Federal						$	64,802					$	83,000					$	54,670
State						30,407						30,958						27,664
Total Domestic						95,209						113,958						82,334
Foreign
Canada						19,395						13,471						47,186
Other Foreign Jurisdictions						3,300						3,177						2,794
Total Foreign						22,695						16,648						49,980
Total						$	117,904					$	130,606					$	132,314

Schedule of Deferred Tax Assets and Liabilities

The components of the total net deferred tax assets and liabilities as of December 31, 2025 and 2024 were as follows (in thousands):

			2025						2024
Deferred tax assets:
Provision for doubtful accounts			$	9,626					$	14,808
Closure, post-closure and remedial liabilities			29,770						32,189
Operating lease liabilities			63,020						60,929
Accrued expenses			15,631						14,749
Accrued compensation and benefits			17,483						16,876
Net operating loss carryforwards(1)			57,298						48,331
Excess business interest(2)			13,116						22,078
Tax credit carryforwards			2,507						2,619
Stock-based compensation			5,822						4,877
Other			2,556						2,565
Total deferred tax assets			216,829						220,021
Deferred tax liabilities:
Property, plant and equipment			(316,192)						(311,546)
Operating lease right-of-use assets			(61,948)						(59,999)
Interest rate swap asset			(3,674)						(8,748)
Permits and other intangible assets			(165,672)						(158,905)
Prepaid expenses			(12,640)						(10,881)
Total deferred tax liabilities			(560,126)						(550,079)
Total net deferred tax liability before valuation allowance			(343,297)						(330,058)
Less valuation allowance			(34,418)						(27,232)
Net deferred tax liabilities			$	(377,715)					$	(357,290)

___________________________________

(1)As of December 31, 2025, the net operating loss carryforwards included (i) gross state net operating loss carryforwards of $290.4 million which will begin to expire in 2026, (ii) gross federal net operating loss carryforwards of $75.7 million which will begin to expire in 2026 and (iii) gross foreign net operating loss carryforwards of $69.3 million which will begin to expire in 2026.

(2)The Company previously recognized U.S. federal income taxes related to the operations in Canada and has not accrued for any remaining undistributed foreign earnings. These amounts continue to be indefinitely reinvested. The amount of tax associated with those unrepatriated earnings is not expected to be material.

Schedule of Valuation Allowance

The components of the total valuation allowance as of December 31, 2025 and 2024 were as follows (in thousands):

			2025						2024
Allowance related to:
Foreign tax credits			$	346					$	346
Federal net operating losses			3,768						3,783
State net operating loss carryforwards			4,728						4,734
Foreign net operating loss carryforwards			16,072						14,543
Deferred tax assets of a Canadian subsidiary			251						3,521
Realized and unrealized capital losses			9,253						305
Total valuation allowance			$	34,418					$	27,232

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