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Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of the significant temporary differences that comprise the deferred tax assets and liabilities are as follows:

			December 31,
(In thousands)			2023			2022
Deferred tax assets:
Warranty, insurance and other accruals			$	11,578		$	11,446
Equity-based compensation			1,359			2,097
Inventory			8,555			9,474
Operating lease liabilities			14,421			15,359
State taxes			392			421
Net operating loss carryforward			65			65
Deferred charges			1,822			2,656
Total deferred tax assets			$	38,192		$	41,518
Deferred tax liabilities:
Federal effect of state deferred taxes			$	550		$	645
Depreciation			6,606			7,185
Operating lease right-of-use assets			14,120			15,135
Prepaid expenses			822			534
Total deferred tax liabilities			$	22,098		$	23,499
Net deferred tax asset			$	16,094		$	18,019

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision from income taxes consists of the following:

			Year Ended December 31,
(In thousands)			2023			2022			2021
Current:
Federal			$	117,115		$	126,752		$	93,869
State			22,092			25,560			22,445
			$	139,207		$	152,312		$	116,314
			Year Ended December 31,
(In thousands)			2023			2022			2021
Deferred:
Federal			$	2,347		$	(6,740)		$	(3,530)
State			358			(1,027)			(538)
			$	2,705		$	(7,767)		$	(4,068)
Total			$	141,912		$	144,545		$	112,246

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Reconciliation of the differences between income taxes computed at the federal statutory tax rate and consolidated benefit from income taxes are as follows:

			Year Ended December 31,
(In thousands)			2023			2022			2021
Federal taxes at statutory rate			$	127,528		$	133,393		$	106,914
State and local taxes – net of federal tax benefit			20,172			21,764			17,941
Equity Compensation			(6,457)			(166)			(2,334)
Federal tax credits			(1,991)			(10,001)			(12,676)
Other			2,660			(445)			2,401
Total			$	141,912		$	144,545		$	112,246

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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.

+ References

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
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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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