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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense | Components of income tax expense are as follows (in thousands):
|  | Years Ended December 31,
|  | 2015 |  | 2014 |  | 2013
Current taxes: |  |  |  |  |  |
Federal |  | $ | 53,510 |  |  | $ | 58,461 |  |  | $ | 43,675 |
State |  | 2,726 |  |  | 1,133 |  |  | 1,345 |
|  | 56,236 |  |  | 59,594 |  |  | 45,020 |
Deferred taxes: |  |  |  |  |  |
Federal |  | (1,652 | ) |  | (3,470 | ) |  | 10,232 |
State |  | 6,142 |  |  | 10,052 |  |  | (2,044 | )
|  | 4,490 |  |  | 6,582 |  |  | 8,188 |
Total |  | $ | 60,726 |  |  | $ | 66,176 |  |  | $ | 53,208 |
Schedule of Income Tax Reconciliation | Income taxes differ for the years ended December 31, 2015, 2014 and 2013, from the amounts computed using the expected federal statutory income tax rate of 35% as a result of the following (in thousands):
|  | Years Ended December 31,
|  | 2015 |  | 2014 |  | 2013
Expected taxes at current federal statutory income tax rate |  | $ | 66,312 |  |  | $ | 72,946 |  |  | $ | 62,185 |
State income taxes, net of federal tax benefit |  | 5,764 |  |  | 7,271 |  |  | 7,967 |
Change in valuation allowance |  | — |  |  | — |  |  | (8,666 | )
Manufacturing deduction |  | (5,917 | ) |  | (6,499 | ) |  | (4,910 | )
Federal tax credits |  | (6,172 | ) |  | (7,835 | ) |  | (3,614 | )
Non-deductible costs and other |  | 739 |  |  | 293 |  |  | 246 |
Income tax expense |  | $ | 60,726 |  |  | $ | 66,176 |  |  | $ | 53,208 |
Schedule of Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities are comprised of timing differences at December 31 (in thousands) as follows:
|  | 2015 |  | 2014
Deferred tax assets: |  |  |  |
Real estate |  | $ | 19,622 |  |  | $ | 15,002 |
Goodwill |  | 9,263 |  |  | 13,728 |
Warranty reserve |  | 8,115 |  |  | 8,511 |
Wages payable |  | 10,633 |  |  | 12,329 |
Reserves and allowances |  | 1,161 |  |  | 1,022 |
Equity-based compensation |  | 7,040 |  |  | 6,005 |
Accrued expenses |  | 7,063 |  |  | 6,208 |
Net operating loss carry-forwards |  | 1,495 |  |  | 4,603 |
Other |  | 1,164 |  |  | 1,171 |
Total deferred tax assets |  | 65,556 |  |  | 68,579 |
Deferred tax liabilities: |  |  |  |
Deferred revenue |  | 2,209 |  |  | 2,935 |
Prepaids |  | 925 |  |  | 753 |
Fixed assets |  | 3,275 |  |  | 754 |
Total deferred tax liabilities |  | 6,409 |  |  | 4,442 |
Deferred tax assets, net |  | 59,147 |  |  | 64,137 |
Other deferred tax liability - state franchise taxes |  | 3,058 |  |  | 3,559 |
Net deferred tax assets and liabilities |  | $ | 56,089 |  |  | $ | 60,578 |

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