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Taxes on Income
 6 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
Taxes on Income

(8) Taxes on Income

At December 31, 2022, the Company had a federal income tax receivable of $70.4 million included in Accounts Receivable – Other on the balance sheet. During the first quarter of 2023, the Internal Revenue Service (“IRS”) communicated to the Company that it had completed its examination of the Company’s federal income tax returns for the years 2013 through 2020. In April 2023, the Company received its tax refund of $70.4 million plus accrued interest.

Earnings before taxes on income and details of the provision (benefit) for taxes on income were as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Earnings before taxes on income:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

76,162

 

 

$

39,607

 

 

$

130,025

 

 

$

63,261

 

Foreign

 

 

116

 

 

 

29

 

 

 

925

 

 

 

174

 

 

$

76,278

 

 

$

39,636

 

 

$

130,950

 

 

$

63,435

 

Provision (benefit) for taxes on income:

 

 

 

 

 

 

 

 

 

 

 

 

Federal:

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

$

—

 

 

$

519

 

 

$

—

 

 

$

519

 

Deferred

 

 

16,466

 

 

 

8,464

 

 

 

28,199

 

 

 

13,721

 

State and local:

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

 

1,310

 

 

 

1,035

 

 

 

2,577

 

 

 

1,298

 

Deferred

 

 

1,199

 

 

 

1,015

 

 

 

2,039

 

 

 

1,614

 

Foreign - current

 

 

(15

)

 

 

(3

)

 

 

196

 

 

 

91

 

 

$

18,960

 

 

$

11,030

 

 

$

33,011

 

 

$

17,243