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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes on continuing operations for the years ended December 31, 2023, 2022 and 2021 is summarized as follows:

			Year Ended December 31,
			2023						2022						2021
Current:
Federal			$	73,092					$	56,717					$	49,105
State			17,301						14,216						11,898
			90,393						70,933						61,003
Deferred:
Federal			(22,280)						(5,158)						(716)
State			(5,201)						(1,338)						(8)
			(27,481)						(6,496)						(724)
TOTAL			$	62,912					$	64,437					$	60,279

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory rate to the effective tax rate for income from continuing operations for the years ended December 31, 2023, 2022 and 2021, respectively, is comprised as follows:

			December 31,
			2023						2022						2021
Income tax expense at statutory rate			21.0		%				21.0		%				21.0		%
State income taxes - net of federal benefit			3.5						3.5						3.7
Non-deductible expenses			3.4						2.0						2.4
Equity compensation			(4.2)						(3.6)						(3.3)
Other adjustments			(0.6)						(0.6)						(0.4)
TOTAL INCOME TAX PROVISION			23.1		%				22.3		%				23.4		%

Schedule of Deferred Tax Assets and Liabilities

The Company's deferred tax assets and liabilities as of December 31, 2023 and 2022 are summarized below.

			December 31,
			2023						2022
Deferred tax assets (liabilities):
Accrued expenses			$	81,502					$	61,685
Revenue related reserves			23,714						18,046
Tax credits			1,192						1,742
Insurance			16,864						11,910
Lease liability			444,590						364,408
State taxes			—						28
			567,862						457,819
Valuation allowance			(789)						(789)
TOTAL DEFERRED TAX ASSETS			567,073						457,030
State taxes			(280)						—
Depreciation and amortization			(52,334)						(49,146)
Prepaid expenses			(4,113)						(5,150)
Right of use asset			(443,222)						(363,091)
TOTAL DEFERRED TAX LIABILITIES			(499,949)						(417,387)
NET DEFERRED TAX ASSETS			$	67,124					$	39,643

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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

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-Topic 740
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-Section 50
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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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