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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Expense | Income tax expense consisted of the following (in thousands):
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |
Federal | $ | 53,521 |  |  | $ | 17,624 |  |  | $ | 23,741 |
State | 3,496 |  |  | 7,661 |  |  | 12,423 |
Foreign | 2,095 |  |  | 2,053 |  |  | 489 |
| 59,112 |  |  | 27,338 |  |  | 36,653 |
Deferred: |  |  |  |  |
Federal | (47,094) |  |  | 10,019 |  |  | 38,521 |
State | (3,106) |  |  | (1,866) |  |  | 4,032 |
| (50,200) |  |  | 8,153 |  |  | 42,553 |
Total income tax expense | $ | 8,912 |  |  | $ | 35,491 |  |  | $ | 79,206 |
Schedule of Effective Income Tax Rate Reconciliation | The effective income tax rate differs from the federal corporate tax rate of 21% in 2024, 2023, and 2022 as follows (in thousands):
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Tax at statutory rate | $ | 8,921 |  |  | $ | 31,034 |  |  | $ | 68,205 |
State income taxes, net of federal tax benefits | 308 |  |  | 4,578 |  |  | 12,999 |
Other, net | (317) |  |  | (121) |  |  | (1,998) |
Total income tax expense | $ | 8,912 |  |  | $ | 35,491 |  |  | $ | 79,206 |
Schedule of Deferred Tax Assets and Liabilities | The following table presents our deferred income tax assets and liabilities (in thousands):
| December 31,
| 2024 |  | 2023
Deferred income tax assets: |  |  |
Insurance and claims accruals | $ | 57,666 |  |  | $ | 57,168 |
Compensation-related accruals | 10,146 |  |  | 9,931 |
Allowance for uncollectible accounts | 1,918 |  |  | 2,797 |
Operating lease liabilities | 12,484 |  |  | 8,733 |
Other | 3,589 |  |  | 2,235 |
Gross deferred income tax assets | 85,803 |  |  | 80,864 |
Deferred income tax liabilities: |  |  |
Property and equipment | 305,089 |  |  | 351,352 |
Investments in equity securities | 14,109 |  |  | 12,240 |
Prepaid expenses | 6,391 |  |  | 7,118 |
Operating lease right-of-use assets | 12,028 |  |  | 8,327 |
Investment in partnership | 14,805 |  |  | 18,790 |
Other | 2,897 |  |  | 3,217 |
Gross deferred income tax liabilities | 355,319 |  |  | 401,044 |
Net deferred income tax liability | $ | 269,516 |  |  | $ | 320,180 |
Schedule of Unrecognized Tax Benefits Roll Forward | The reconciliations of beginning and ending gross balances of unrecognized tax benefits are shown below (in thousands).
| December 31,
| 2024 |  | 2023 |  | 2022
Unrecognized tax benefits, beginning balance | $ | 2,245 |  |  | $ | 2,495 |  |  | $ | 2,425 |
Gross increases – tax positions in prior period | 179 |  |  | 161 |  |  | 99 |
Gross increases – current period tax positions | 80 |  |  | 120 |  |  | 320 |
Reductions due to lapsed statute of limitations | (269) |  |  | (531) |  |  | (349) |
Unrecognized tax benefits, ending balance | $ | 2,235 |  |  | $ | 2,245 |  |  | $ | 2,495 |

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