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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 Company and its subsidiaries are based in the U.S. and file federal and various state income tax returns. The components of the provision for income taxes were as follows:

			Years Ended December 31,
			2023						2022						2021
Current tax expense			$	33,024					$	9,221					$	3,512
Deferred tax expense			14,746						32,486						21,362
Income tax expense			$	47,770					$	41,707					$	24,874

Schedule of Effective Income Tax Rate Reconciliation

The items comprising the difference between income taxes computed at the U.S. federal statutory rates in effect for 2023, 2022 and 2021 and our effective tax rates were as follows:

			Years Ended December 31,
			2023												2022												2021
			Amount						%						Amount						%						Amount						%
Tax expense at the U.S. federal statutory rate			$	40,029					21.0		%				$	29,435					21.0		%				$	18,650					21.0		%
State income taxes, net of federal benefits			8,374						4.4		%				11,064						7.9		%				5,579						6.3		%
Taxes on subsidiaries’ and joint ventures’ earnings allocated to noncontrolling interests owners			(880)						(0.5)		%				(366)						(0.3)		%				(521)						(0.6)		%
Executive compensation, including stock incentives			8						—		%				1,366						1.0		%				1,698						1.9		%
Other permanent differences			239						0.1		%				208						0.1		%				(532)						(0.6)		%
Income tax expense			$	47,770					25.1		%				$	41,707					29.8		%				$	24,874					28.0		%

Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities were as follows:

			Long Term
			As of December 31,
Assets related to:			2023						2022
Accrued compensation and other			$	3,780					$	3,287
Noncontrolling interests			3,179						2,642
Members interest liabilities			4,676						4,783
Right of use liabilities			14,213						15,259
Deferred payments			—						23
Net operating loss carryforwards			1,025						1,320
Total deferred tax assets			26,873						27,314
Liabilities related to:
Depreciation of property and equipment			(49,311)						(40,770)
Right of use assets			(14,189)						(15,157)
Amortization of tax basis goodwill			(20,256)						(16,047)
Amortization of intangibles			(18,929)						(6,582)
Other			(952)						(417)
Total deferred tax liabilities			(103,637)						(78,973)
Net total deferred tax (liability) asset			$	(76,764)					$	(51,659)

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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.

+ References

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-Topic 740
-SubTopic 10
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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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