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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

Income tax expense on the consolidated statements of income was as follows:

			Year ended December 31,
			2025						2024						2023
			(In thousands)
Current:
Federal			$	49,658					$	36,964					$	39,468
State and local			16,312						10,933						8,923
Total current			65,970						47,897						48,391
Deferred:
Federal			4,891						1,214						(2,629)
State and local			1,450						412						(476)
Total deferred			6,341						1,626						(3,105)
Total income tax expense			$	72,311					$	49,523					$	45,286

Schedule of Effective Income Tax Rate Reconciliation

Total income tax expense differs from the amount computed by applying the statutory federal income tax rate to income before taxes and income from equity method investments. The reasons for this difference were as follows:

			Year ended December 31,
			2025												2024												2023
			Amount						%						Amount						%						Amount						%
			(In thousands, except percentages)
U.S. federal statutory tax rate			$	57,557					21.0		%				$	40,518					21.0		%				$	38,328					21.0		%
Increases (reductions) resulting from:
State and local income taxes, net of federal income tax effect*			14,664						5.4						8,939						4.6						6,535						3.6
Nondeductible expenses			1,550						0.6						1,254						0.7						1,605						0.9
Tax credits			(1,509)						(0.6)						(1,185)						(0.6)						(1,084)						(0.6)
Changes in unrecognized tax benefits			49						—						(3)						—						(98)						(0.1)
Effective tax rate			$	72,311					26.4		%				$	49,523					25.7		%				$	45,286					24.8		%

__________________

*State taxes in Oregon and California constitute the majority (greater than 50%) of the tax effects in this category.

Schedule of Deferred Tax Assets and Liabilities

Components of deferred tax assets and deferred tax liabilities as of December 31 were as follows:

			2025						2024
			(In thousands)
Deferred tax assets:
Operating lease liabilities			$	22,643					$	16,808
Compensation-related			18,927						13,573
Employee benefit plans costs			2,181						1,614
Workers’ compensation reserve			1,862						1,878
Allowance for expected credit losses			1,121						1,437
Capital investment overhead on contracts			347						535
Research and development costs			—						5,596
Other			3,251						2,764
Total deferred tax assets			$	50,332					$	44,205
Deferred tax liabilities:
Operating lease right-of-use-assets			$	(22,163)					$	(16,672)
Basis differences on property, plant and equipment			(21,278)						(17,664)
Intangible assets			(11,897)						(10,912)
Prepaid expenses			(7,802)						(6,597)
Other			(1,540)						—
Total deferred tax liabilities			(64,680)						(51,845)
Valuation allowance			(521)						(521)
Net deferred income tax liabilities			$	(14,869)					$	(8,161)

Schedule of Unrecognized Tax Benefits

Reconciliations of unrecognized tax benefits were as follows as of December 31:

			2025						2024						2023
			(In thousands)
Balance at beginning of year			$	732					$	656					$	570
Additions based on tax positions related to current year			170						145						145
Additions for tax positions of prior years			118						78						279
Reductions for tax positions of prior years			(55)						—						(60)
Reductions resulting from a lapse of the applicable statute of limitations periods			(136)						(147)						(278)
Balance at end of year			$	829					$	732					$	656

Schedule of Income Taxes Paid, Net of Refunds

Income taxes paid, net of refunds, was as follows:

			Year ended December 31,
			2025						2024						2023
			(In thousands)
Federal			$	56,836					$	39,420					$	40,105
State			20,983						10,787						12,217
Total income taxes paid, net of refunds			$	77,819					$	50,207					$	52,322
Income taxes paid, net of refunds, exceeded 5% of total income taxes paid, net of refunds, in the following jurisdictions:
State
Oregon			$	9,395					$	4,362					$	5,859

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