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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2018
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,
|  | 2018 |  | 2017 |  | 2016
Current taxes: |  |  |  |  |  |
Federal |  | $ | 37,926 |  |  | $ | 76,988 |  |  | $ | 55,547 |
State |  | 9,162 |  |  | 8,006 |  |  | 7,075 |
|  | 47,088 |  |  | 84,994 |  |  | 62,622 |
Deferred taxes: |  |  |  |  |  |
Federal |  | 6,687 |  |  | 18,916 |  |  | 4,064 |
State |  | 2,147 |  |  | 354 |  |  | 1,833 |
|  | 8,834 |  |  | 19,270 |  |  | 5,897 |
Total |  | $ | 55,922 |  |  | $ | 104,264 |  |  | $ | 68,519 |
Schedule of Income Tax Reconciliation | Income taxes differ for the years ended December 31, 2018, 2017 and 2016, from the amounts computed using the expected federal statutory income tax rate of 21%, 35% and 35%, respectively, as a result of the following (in thousands):
|  | Years Ended December 31,
|  | 2018 |  | 2017 |  | 2016
Expected taxes at current federal statutory income tax rate |  | $ | 59,483 |  |  | $ | 86,632 |  |  | $ | 76,321 |
State income taxes, net of federal tax benefit |  | 8,934 |  |  | 5,434 |  |  | 5,791 |
Tax Act revaluation of deferred tax balances |  | (2,741 | ) |  | 19,687 |  |  | — |
Manufacturing deduction |  | — |  |  | (7,580 | ) |  | (6,708 | )
Federal tax credits |  | (10,330 | ) |  | (484 | ) |  | (7,229 | )
Non-deductible costs and other |  | 576 |  |  | 575 |  |  | 344 |
Income tax expense |  | $ | 55,922 |  |  | $ | 104,264 |  |  | $ | 68,519 |
Schedule of Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities are comprised of timing differences (in thousands) as follows:
|  | At December 31,
|  | 2018 |  | 2017
Deferred tax assets: |  |  |  |
Real estate |  | $ | 11,053 |  |  | $ | 14,648 |
Goodwill |  | 862 |  |  | 2,076 |
Warranty reserve |  | 5,824 |  |  | 5,499 |
Wages payable |  | 4,908 |  |  | 5,796 |
Equity-based compensation |  | 5,153 |  |  | 4,486 |
Accrued expenses |  | 104 |  |  | 141 |
Net operating loss carry-forwards |  | 1,005 |  |  | 1,813 |
Other |  | 4,946 |  |  | 4,982 |
Total deferred tax assets |  | 33,855 |  |  | 39,441 |
Deferred tax liabilities: |  |  |  |
Deferred revenue |  | — |  |  | 462 |
Prepaids |  | 1,409 |  |  | 759 |
Fixed assets |  | 5,981 |  |  | 3,058 |
Total deferred tax liabilities |  | 7,390 |  |  | 4,279 |
Deferred tax assets, net |  | 26,465 |  |  | 35,162 |
Other deferred tax liability - state franchise taxes |  | 4,378 |  |  | 4,240 |
Net deferred tax assets and liabilities |  | $ | 22,087 |  |  | $ | 30,922 |

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