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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Taxes | The provision for income taxes consists of the following (in millions):
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |  |
Federal |  | $ | 19.2 |  |  | $ | 34.8 |  |  | $ | 44.4 |
State |  | 7.3 |  |  | 11.8 |  |  | 15.8 |
Foreign |  | 6.9 |  |  | 5.0 |  |  | 4.9 |
|  | 33.4 |  |  | 51.6 |  |  | 65.1 |
Deferred: |  |  |  |  |  |
Federal and State |  | 31.8 |  |  | 28.5 |  |  | 31.6 |
Foreign |  | (0.3) |  |  | (1.7) |  |  | — |
|  | 31.5 |  |  | 26.8 |  |  | 31.6 |
|  | $ | 64.9 |  |  | $ | 78.4 |  |  | $ | 96.7 |
Income (Loss) before Income Tax Provision | Income from continuing operations before income taxes consists of the following (in millions):
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
United States |  | $ | 222.1 |  |  | $ | 283.5 |  |  | $ | 347.6 |
Foreign |  | 18.0 |  |  | 14.2 |  |  | 16.0 |
|  | $ | 240.1 |  |  | $ | 297.7 |  |  | $ | 363.6 |
Schedule of Deferred Tax Assets and Liabilities | The components of deferred tax (liabilities) assets are as follows (in millions):
|  | December 31,
|  | 2024 |  | 2023
Intangibles |  | $ | (215.6) |  |  | $ | (185.3) |
Depreciation expense |  | (4.6) |  |  | (7.2) |
Operating lease right-of-use assets |  | (15.1) |  |  | (15.2) |
Operating lease liabilities |  | 16.0 |  |  | 15.9 |
Allowance for doubtful accounts |  | 1.4 |  |  | 1.2 |
Employee-related accruals |  | 15.8 |  |  | 17.5 |
Stock-based compensation |  | 10.0 |  |  | 11.8 |
Other |  | 4.6 |  |  | 5.3 |
|  | $ | (187.5) |  |  | $ | (156.0) |
Schedule of Effective Income Tax Rate Reconciliation | The reconciliation between the amount computed by applying the U.S. federal statutory tax rate of 21 percent to income before income taxes and the income tax provision is as follows (in millions):
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Income tax provision at the statutory rate |  | $ | 50.4 |  |  | $ | 62.5 |  |  | $ | 76.3 |
State income taxes, net of federal benefit |  | 9.9 |  |  | 13.6 |  |  | 17.3 |
Nondeductible executive compensation |  | 1.9 |  |  | 4.2 |  |  | 5.4 |
Disallowed meals and entertainment expenses |  | 1.1 |  |  | 1.2 |  |  | 0.5 |
Excess stock-based compensation benefit |  | 0.2 |  |  | (2.6) |  |  | (3.5) |
Work opportunity tax credit |  | (1.7) |  |  | (1.8) |  |  | (2.1) |
Other |  | 3.1 |  |  | 1.3 |  |  | 2.8 |
|  | $ | 64.9 |  |  | $ | 78.4 |  |  | $ | 96.7 |

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- Definition 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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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