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Note 15 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Year Ended December 31,
		2022				2021				2020
Current:
Federal		$	118,320			$	105,236			$	62,714
State			25,743				21,295				13,071
Foreign			51,055				10,536				1,974
			195,118				137,067				77,759
Deferred:
Federal			(43,475	)			10,518				20,452
State			(10,966	)			(3,728	)			1,243
Foreign			(40,109	)			(7,863	)			(1,197	)
			(94,550	)			(1,073	)			20,498
Change in valuation allowance			(972	)			(1,037	)			716
Provision for income taxes		$	99,596			$	134,957			$	98,973

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		December 31,
		2022				2021
Deferred tax assets:
Accrued expenses		$	46,994			$	37,797
Deferred revenue			34,914				27,003
Inventories			20,229				14,907
Stock-based compensation			11,750				10,202
Operating loss and credit carryforwards			56,279				68,368
Bad debt			1,415				1,253
Other			7,531				12,203
Capitalized R&D			33,738				-
Valuation allowance			(4,638	)			(7,874	)
Total deferred tax assets			208,212				163,859
Deferred tax liabilities:
Goodwill and intangible assets			260,745				328,162
Depreciation			44,385				21,340
Debt refinancing costs			1,184				2,916
Interest swap and derivative			12,370				-
Prepaid expenses			2,473				1,664
Total deferred tax liabilities			321,157				354,082
Net deferred tax liabilities		$	(112,945)			$	(190,223	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		December 31,
		2022				2021
Unrecognized tax benefit, beginning of period		$	8,647			$	7,613
Increase in unrecognized tax benefit for positions taken in prior period			97				272
Increase in unrecognized tax benefit for positions taken in current period			975				990
Statute of limitation expirations			(824	)			(228	)
Settlements			-				-
Unrecognized tax benefit, end of period		$	8,895			$	8,647

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year Ended December 31,
		2022				2021				2020
U.S. statutory rate			21.0	%			21.0	%			21.0	%
State taxes			4.0				4.3				4.3
State tax rate differential			(0.3	)			0.0				0.0
Research and development credits			(1.1	)			(1.0	)			(1.1	)
State credits			(1.5	)			(1.1	)			(1.5	)
Share-based compensation			(2.7	)			(3.8	)			(1.0	)
Nondeductible U.S. compensation			1.6				1.5				0.0
Foreign tax deduction			(0.4	)			(1.5	)			0.0
Foreign deferred tax rate change			0.0				1.2				0.0
Other			(1.0	)			(1.1	)			0.5
Effective tax rate			19.6	%			19.5	%			22.2	%

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