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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Components of (Benefit from) Provision for Income Taxes

rovision for (benefit from) income taxes consists of the following for the periods presented (in thousands):

		Year Ended December 31,
		2024				2023				2022
Current:
Federal		$	6,133			$	68,939			$	63,041
State			2,932				14,413				13,769
Foreign			622				933				755
Total current provision			9,687				84,285				77,565
Deferred:
Federal			63,534				(72,046	)			9,808
State			3,806				(22,495	)			6,377
Foreign			368				557				360
Total deferred provision			67,708				(93,984	)			16,545
Provision for (benefit from) income taxes		$	77,395			$	(9,699	)		$	94,110

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,
		2024				2023				2022
U.S. federal statutory rate on income before income    taxed			21.0	%			21.0	%			21.0	%
Impact of foreign operations			0.1				(2.2	)			(0.1	)
State income taxes, net of federal tax effect			2.0				45.6				4.7
Nondeductible expenses and permanent differences			1.3				(30.7	)			0.4
Change in valuation allowance			(0.3	)			(0.1	)			0.2
Unrecognized tax benefit			0.2				(14.8	)			—
Federal tax credits			(1.6	)			9.8				(0.6	)
Noncontrolling interest			(0.6	)			7.4				(0.4	)
Other			0.5				2.2				—
Effective income tax rate			22.6	%			38.2	%			25.2	%

Summary of Domestic and Foreign Components of (Loss) Income before Income Taxes

The domestic and foreign components of income (loss) before income taxes are as follows (in thousands):

		Year Ended December 31,
		2024				2023				2022
Foreign		$	3,472			$	5,889			$	5,420
Domestic			338,407				(31,249	)			368,723
Income (loss) before income taxes		$	341,879			$	(25,360	)		$	374,143

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, 2024 and December 31, 2023 were as follows (in thousands):

		December 31,
		2024				2023
Deferred tax assets:
Net operating losses and tax credit    carryforwards – federal and state		$	19,853			$	5,729
Capital loss carryovers			217,100				215,175
Bad debt allowance			1,830				1,780
Accrued compensation and severance			18,534				18,250
Insurance reserves			22,706				17,343
Leases			1,039				948
Accrued expenses			—				1,091
Accrued Desert Hills settlement			—				104,636
Interest carryforward			25,131				2,430
Lease right-of-use liabilities			28,697				29,781
Fixed asset basis difference			14,374				10,480
Other assets			3,660				1,564
Total gross deferred tax assets			352,924				409,207
Less: valuation allowance			(218,129	)			(217,137	)
Deferred tax assets			134,795				192,070
Deferred tax liabilities:
Prepaid items			(5,321	)			(4,609	)
Accrued expenses			(1,813	)			—
Intangible assets			(161,934	)			(152,284	)
Lease right-of-use assets			(26,819	)			(27,800	)
Investment in foreign subsidiary			(1,890	)			(2,650	)
Total deferred tax liabilities			(197,777	)			(187,343	)
Total net deferred tax asset (liability)		$	(62,982	)		$	4,727

Unrecognized Income Tax Benefits

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

	2024			2023			2022
Balance at January 1	$	3,089		$	—		$	—
Additions based on tax positions related to the current year		—			—			—
Additions for tax positions of prior years		1,918			3,089			—
Reductions as a result of the lapse of applicable    statutes of limitations		—			—			—
Balance at December 31	$	5,007		$	3,089		$	—

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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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-Topic 740
-SubTopic 10
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-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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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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