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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Components of Provision for Income Taxes

Provision for income taxes from continuing operations consists of the following for the periods presented (in thousands):

		Year Ended December 31,
		2022				2021				2020
Current:
Federal		$	63,041			$	48,292			$	(18,215	)
State			13,769				6,715				4,981
Foreign			755				778				732
Total current			77,565				55,785				(12,502	)
Deferred:
Federal			9,808				13,339				46,442
State			6,377				(1,892	)			564
Foreign			360				325				6,102
Total deferred provision			16,545				11,772				53,108
Provision for income taxes		$	94,110			$	67,557			$	40,606

Effective Income Tax Rate

A reconciliation of the U.S. federal statutory rate to the effective tax rate is as follows for the periods presented:

		Year Ended December 31,
		2022				2021				2020
U.S. federal statutory rate on income before income    taxes			21.0	%			21.0	%			21.0	%
Impact of foreign operations			(0.1	)			1.7				(0.5	)
Effects of statutory rate change			—				—				3.2
State income taxes, net of federal tax effect			4.7				3.9				5.1
Permanent differences			0.1				1.7				1.5
Change in valuation allowance			0.2				(2.8	)			127.4
Unrecognized tax benefit release			—				(0.9	)			(0.4	)
Federal tax credits			(0.6	)			(0.8	)			(1.0	)
Basis recognition related to foreign divestiture			—				—				(129.9	)
CARES Act impacts to net operating losses			—				—				(4.5	)
Other			(0.1	)			0.7				0.2
Effective income tax rate			25.2	%			24.5	%			22.1	%

Summary of Domestic and Foreign Components of Income from Continuing Operations before Income Taxes

The domestic and foreign components of income from continuing operations before income taxes for continuing operations are as follows (in thousands):

		Year Ended December 31,
		2022				2021				2020
Foreign		$	5,420			$	5,596			$	9,904
Domestic			368,723				270,164				173,893
Income from continuing operations before income taxes		$	374,143			$	275,760			$	183,797

Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities of the Company at December 31, 2022 and December 31, 2021 were as follows (in thousands):

		December 31,
		2022				2021
Deferred tax assets:
Net operating losses and tax credit    carryforwards – federal and state		$	7,333			$	9,354
Capital loss carryovers			215,745				215,367
Bad debt allowance			1,148				1,083
Accrued compensation and severance			18,784				18,241
Insurance reserves			20,924				18,847
Leases			862				896
Accrued expenses			—				5,768
Interest carryforwards			2,639				3,396
Lease right-of-use liabilities			26,277				26,154
Fixed asset basis difference			2,128				—
Other assets			8,987				8,066
Total gross deferred tax assets			304,827				307,172
Less: valuation allowance			(217,705	)			(217,325	)
Deferred tax assets			87,122				89,847
Deferred tax liabilities:
Fixed asset basis difference			—				(2,456	)
Prepaid items			(3,714	)			(2,882	)
Accrued expenses			(5,713	)			—
Intangible assets			(139,843	)			(126,446	)
Lease right-of-use assets			(24,960	)			(24,660	)
Investment in foreign subsidiary			(2,530	)			(4,691	)
Total deferred tax liabilities			(176,760	)			(161,135	)
Total net deferred tax liability		$	(89,638	)		$	(71,288	)

Unrecognized Income Tax Benefits Net of Federal Benefit

A reconciliation of the beginning and ending amount of unrecognized income tax benefits, exclusive of any interest and penalties, net of the federal benefit, is as follows (in thousands):

		2021
Balance at January 1		$	2,060
Additions based on tax positions related to the    current year			—
Reductions as a result of the lapse of applicable    statutes of limitations and settlements with tax authorities			(2,060	)
Balance at December 31		$	—

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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.

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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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