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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Income (loss) Before Income Taxes and Equity Income | The United States and foreign components of income before income taxes and equity in earnings in affiliates are as follows:
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (In thousands) |
Income before income taxes and equity in earnings in affiliates |  |  |  |  |  |  |  |  |
United States |  | $ | 22,723 |  |  | $ | 125,495 |  |  | $ | 205,360 |
Foreign |  |  | 15,871 |  |  |  | 12,553 |  |  |  | 24,460 |
Income before income taxes and equity in earnings in affiliates |  | $ | 38,594 |  |  | $ | 138,048 |  |  | $ | 229,820 |
Schedule of Provision for Income Taxes | The provision for income taxes consists of the following components:
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (In thousands) |
Federal income taxes (benefit): |  |  |  |  |  |  |  |  |
Current |  | $ | (2,253 | ) |  | $ | 23,107 |  |  | $ | 25,699 |
Deferred |  |  | 3,913 |  |  |  | 1,256 |  |  |  | 17,328 |
|  |  | 1,660 |  |  |  | 24,363 |  |  |  | 43,027 |
State income taxes (benefit): |  |  |  |  |  |  |  |  |
Current |  |  | 3,952 |  |  |  | 6,139 |  |  |  | 10,422 |
Deferred |  |  | (1,406 | ) |  |  | 766 |  |  |  | 3,960 |
|  |  | 2,546 |  |  |  | 6,905 |  |  |  | 14,382 |
Foreign income taxes (benefit): |  |  |  |  |  |  |  |  |
Current |  |  | 6,165 |  |  |  | 4,677 |  |  |  | 39,904 |
Deferred |  |  | (970 | ) |  |  | (546 | ) |  |  | (34,414 | )
|  |  | 5,195 |  |  |  | 4,131 |  |  |  | 5,490 |
Total U.S. and foreign provision for income taxes |  | $ | 9,401 |  |  | $ | 35,399 |  |  | $ | 62,899 |
Reconciliation of the Statutory U.S. Federal Tax Rate (21%) and the Effective Income Tax Rate | A reconciliation of the statutory U.S. federal tax rate of 21% and the effective income tax rate is as follows:
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (In thousands) |
Provisions using statutory federal income tax rate |  | $ | 8,105 |  |  | $ | 28,990 |  |  | $ | 48,262 |
State income taxes, net of federal tax benefit |  |  | 2,291 |  |  |  | 8,221 |  |  |  | 12,738 |
Change in valuation allowance |  |  | (24 | ) |  |  | (3,292 | ) |  |  | (242 | )
Federal tax credits |  |  | (1,507 | ) |  |  | (1,733 | ) |  |  | (1,742 | )
Effect of tax rate differential in foreign jurisdictions |  |  | 1,412 |  |  |  | 1,137 |  |  |  | 1,932 |
Tax impact of vested equity compensation |  |  | 192 |  |  |  | 2,879 |  |  |  | 5,839 |
Asset divestiture |  |  | (921 | ) |  |  | (1,529 | ) |  |  | (5,596 | )
Interest deduction on equity issued (convertible debt) |  |  | (3,503 | ) |  |  | — |  |  |  | — |
Political contributions |  |  | 1,090 |  |  |  | 629 |  |  |  | 713 |
Change in cash surrender value - COLI |  |  | (1,300 | ) |  |  | (1,158 | ) |  |  | 1,188 |
Disallowed executive compensation - non-equity |  |  | 1,174 |  |  |  | 1,444 |  |  |  | 711 |
Other, net |  |  | 2,392 |  |  |  | (189 | ) |  |  | (904 | )
Total provision for income taxes |  | $ | 9,401 |  |  | $ | 35,399 |  |  | $ | 62,899 |
Schedule of Deferred Tax Assets and Liabilities | The following table presents the breakdown between non-current net deferred tax assets as classified on the balance sheets as of December 31, 2024 and 2023:
|  | 2024 |  |  | 2023 |
|  | (In thousands) |
Deferred tax assets - non-current |  | $ | 9,522 |  |  | $ | 8,551 |
Deferred tax liabilities - non-current |  |  | (78,198 | ) |  |  | (77,369 | )
Total net deferred tax liabilities |  | $ | (68,676 | ) |  | $ | (68,818 | )
The significant components of the Company's deferred tax assets and liabilities consisted of the following as of December 31, 2024 and 2023:
|  | 2024 |  |  | 2023 |
Deferred tax assets: |  | (In thousands) |
Net operating losses |  | $ | 18,750 |  |  | $ | 16,492 |
Accrued liabilities |  |  | 12,907 |  |  |  | 20,408 |
Deferred compensation |  |  | 17,974 |  |  |  | 16,812 |
Accrued compensation |  |  | 8,595 |  |  |  | 9,485 |
Deferred revenue |  |  | 1,071 |  |  |  | 1,446 |
Tax credits |  |  | 2,264 |  |  |  | 3,376 |
Equity awards |  |  | 3,797 |  |  |  | 3,537 |
Operating lease liability |  |  | 24,809 |  |  |  | 26,627 |
Other, net |  |  | 5,579 |  |  |  | 884 |
Valuation allowance |  |  | (19,331 | ) |  |  | (19,105 | )
Total deferred tax assets |  | $ | 76,415 |  |  | $ | 79,962 |
Deferred tax liabilities: |  |  |  |  |  |
Depreciation |  | $ | (79,352 | ) |  | $ | (81,949 | )
Intangible assets |  |  | (41,838 | ) |  |  | (41,329 | )
Other, net |  |  | (17 | ) |  |  | (16 | )
Lease right-of-use assets |  |  | (23,884 | ) |  |  | (25,486 | )
Total deferred tax liabilities |  | $ | (145,091 | ) |  | $ | (148,780 | )
Total net deferred tax assets (liabilities) |  | $ | (68,676 | ) |  | $ | (68,818 | )
Schedule of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (In thousands) |
Balance at Beginning of Period |  | $ | 1,538 |  |  | $ | 1,520 |  |  | $ | 1,105 |
Additions based on tax positions related to the current year |  |  | 40,707 |  |  |  | — |  |  |  | 581 |
Additions for tax positions of prior years |  |  | 459 |  |  |  | 75 |  |  |  | 57 |
Reductions as a result of a lapse of applicable statutes of limitations |  |  | (101 | ) |  |  | (57 | ) |  |  | (223 | )
Balance at End of Period |  | $ | 42,603 |  |  | $ | 1,538 |  |  | $ | 1,520 |

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