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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Summary of Provision for Income Taxes

The following table summarizes the provision for income taxes:

			Year Ended December 31,
			2020						2019						2018
			(amounts in thousands)
Current:
Federal			$	28,833					$	15,041					$	23,407
State			7,564						6,158						5,992
			$	36,397					$	21,199					$	29,399
Deferred:
Federal			$	(4,903)					$	(824)					$	(9,526)
State			(990)						140						(3,487)
			$	(5,893)					$	(684)					$	(13,013)
Tax provision			$	30,504					$	20,515					$	16,386

Significant Components of Federal and State Deferred Tax Assets and Liabilities

Significant components of the Company’s federal and state deferred tax asset and liability balances were as follows:

			Year Ended December 31,
			2020						2019
			(in thousands)
Deferred tax assets:
Allowance for doubtful accounts			$	16,672					$	13,376
Deferred compensation			8,239						8,074
Deferred payroll taxes under the CARES Act			11,914						—
Accrued insurance claims			5,189						4,902
Non-deductible reserves			309						489
Leases			181						—
Other			1,466						1,641
			$	43,970					$	28,482
Deferred tax liabilities:
Expensing of housekeeping supplies			$	(3,322)					$	(3,796)
Amortization of intangibles			(574)						(218)
Depreciation of property and equipment			(1,725)						(1,969)
Leases			—						(96)
Other			(2,795)						(2,039)
			$	(8,416)					$	(8,118)
Net deferred tax assets			$	35,554					$	20,364

Reconciliation of The Provision for Income Taxes

The table below provides a reconciliation between the tax expense computed by applying the statutory federal income tax rate to income before income taxes and the provision for income taxes:

			Year Ended December 31,
			2020						2019						2018
			(in thousands)
Income tax expense computed at statutory rate			$	27,129					$	17,872					$	20,981
Increases (decreases) resulting from:
State income taxes, net of federal tax benefit			4,985						4,902						1,936
Federal jobs credits			(3,089)						(3,164)						(5,006)
Tax exempt interest			(323)						(399)						(384)
Share-based compensation			1,323						298						(1,179)
Other, net			479						1,006						38
Income tax expense			$	30,504					$	20,515					$	16,386

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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