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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of provision for income taxes from operations

The provision for income taxes from operations consisted of the following: 

			Years Ended December 31,
(in thousands)			2024						2023						2022
Current
Federal			$	75,783					$	89,954					$	90,703
State			22,418						24,323						25,347
Foreign			17,855						15,824						12,544
Deferred
Federal			(787)						(6,466)						(5,806)
State			690						(860)						(801)
Foreign			(4,140)						(215)						(7,917)
			$	111,819					$	122,560					$	114,070

Schedule of income and loss from operations before income taxes

Income and loss from operations before income taxes for the years ended December 31, 2024, 2023, and 2022, respectively, consisted of the following:

			Years Ended December 31,
(in thousands)			2024						2023						2022
Domestic			$	395,777					$	427,296					$	437,506
Foreign			38,266						49,251						10,559
			$	434,043					$	476,547					$	448,065

Schedule of effective income tax rates reconciliations

Reconciliations between the statutory federal income tax rates and the Company’s effective income tax rates as a percentage of income before income taxes for its operations were as follows:

			Years Ended December 31,
			2024						2023						2022
Federal tax rate			21.0		%				21.0		%				21.0		%
State taxes, net of federal benefit			4.1		%				3.8		%				4.4		%
Change in U.S. tax rate applied to deferred taxes			0.1		%				0.6		%				—		%
Change in valuation allowance			0.5		%				—		%				—		%
True-up of prior year tax returns to tax provision			—		%				(0.1)		%				—		%
Difference between U.S. statutory and foreign local tax rates			0.4		%				0.4		%				0.2		%
Change in uncertain tax position			—		%				(0.6)		%				—		%
Other			(0.3)		%				0.6		%				(0.1)		%
Effective income tax rate			25.8		%				25.7		%				25.5		%

Schedule of deferred tax assets and liabilities

The tax effects of the significant temporary differences that constitute the deferred tax assets and liabilities as of December 31, 2024, and 2023, respectively, were as follows:

			As of December 31,
(in thousands)			2024						2023
Deferred asset taxes
State tax			$	1,388					$	1,606
Health claims			1,910						2,845
Inventories			8,766						8,218
Sales incentive and advertising allowances			1,751						1,997
Lease obligations			23,493						17,880
Stock-based compensation			4,235						3,962
Foreign tax credit carryforwards			3,782						3,905
Non-United States tax loss carry forward			8,128						5,882
Acquisition expense			1,315						1,904
Capitalized research & development expenditures			11,627						9,369
Other			6,282						3,689
Total deferred tax assets			$	72,677					$	61,257
Less valuation allowances			(12,727)						(10,430)
Total deferred asset taxes			$	59,950					$	50,827
Deferred tax liabilities
Depreciation			$	(26,886)					$	(23,484)
Goodwill and other intangibles amortization			(96,779)						(106,041)
Right of use assets			(23,075)						(17,517)
Hedging OCI			(2,190)						(1,386)
Total deferred tax liabilities			(148,930)						(148,428)
Total deferred tax liability			$	(88,980)					$	(97,601)

Schedule of reconciliation of unrecognized tax benefits, including foreign translation amount

A reconciliation of the beginning and ending amounts of unrecognized tax benefits in 2024, 2023 and 2022, respectively, were as follows, including foreign translation amounts:

Reconciliation of Unrecognized Tax Benefits (in thousands)			2024						2023						2022
Balance as of January 1			$	4,641					$	7,232					$	944
Additions based on tax positions related to prior years			585						39						6,528
Reductions based on tax positions related to prior years			(49)						(103)						(38)
Additions for tax positions of the current year			647						463						73
Lapse of statute of limitations			(1,157)						(2,990)						(275)
Balance as of December 31			$	4,667					$	4,641					$	7,232

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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 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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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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