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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Taxes

Schedule of income before income taxes

​

​	​	​	​	​	​	​	​	​	​
Years ended December 31,	​ ​ ​	2025		​ ​ ​	2024		​ ​ ​	2023
(in thousands)	​	​	​	​	​	​	​	​	​
United States	​	$	52,258	​	$	102,415	​	$	253,407
Foreign	​		4,291	​		10,387	​		2,836
Total income before income taxes	​	$	56,549	​	$	112,802	​	$	256,243

Schedule of components of the provision for income taxes

​

​	​	​	​	​	​	​	​	​	​
Years ended December 31,	​ ​ ​	2025		​ ​ ​	2024		​ ​ ​	2023
(in thousands)	​	​	​	​	​	​	​	​	​
Current provision:	​	​	​	​	​	​	​	​	​
Federal	​	$	3,806	​	$	11,468	​	$	45,146
State	​		1,162	​		2,310	​		6,502
Foreign	​		815	​		681	​		835
Deferred provision (benefit):	​		​	​		​	​		​
Federal	​		15,256	​		8,067	​		7,116
State	​		3,091	​		1	​		1,531
Foreign	​	​	339	​	​	(1,169)	​	​	—
Total income tax provision	​	$	24,469	​	$	21,358	​	$	61,130

Schedule of reconciliation between the federal statutory rate and income tax provision and effective tax rate

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Years ended December 31,

​

2025

​

2024

​

2023

(in thousands)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Federal statutory rate

​

$

11,875

​

21.0

%

​

$

23,688

​

21.0

%

​

$

53,811

​

21.0

%

State income taxes, net of federal benefit (a)

​

​

4,102

​

7.3

​

​

​

2,287

​

2.0

​

​

​

5,046

​

2.0

Foreign taxes, net of federal benefit:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Canada:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Change in valuation allowance

​

​

—

​

—

​

​

​

(1,187)

​

(1.1)

​

​

​

614

​

0.2

​

Other

​

182

​

0.3

​

​

61

​

0.1

​

​

(500)

​

(0.2)

​

Other foreign jurisdictions

​

​

390

​

0.7

​

​

​

436

​

0.4

​

​

​

721

​

0.3

​

Tax credits

​

​

(506)

​

(0.9)

​

​

​

(1,036)

​

(0.9)

​

​

​

(703)

​

(0.3)

​

Change in unrecognized tax benefits

​

​

21

​

—

​

​

​

(1,637)

​

(1.5)

​

​

​

251

​

0.1

​

Non-deductible expenses:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Acquisition related employment costs

​

​

1,641

​

2.9

​

​

—

​

—

​

​

—

​

—

​

Long-term retirement plan

​

​

3,778

​

6.7

​

​

—

​

—

​

​

—

​

—

​

Meals and entertainment

​

​

2,523

​

4.5

​

​

2,337

​

2.1

​

​

2,356

​

0.9

​

Non-deductible officer compensation

​

​

653

​

1.2

​

​

395

​

0.4

​

​

469

​

0.2

​

Other

​

​

(647)

​

(1.2)

​

​

(899)

​

(0.9)

​

​

(671)

​

(0.3)

​

Cross-border tax laws

​

159

​

0.3

​

​

(315)

​

(0.3)

​

​

(256)

​

(0.1)

​

Interest related to tax matters

​

—

​

—

​

​

(2,189)

​

(1.9)

​

​

(1,757)

​

(0.7)

​

Other

​

298

​

0.5

​

​

(583)

​

(0.5)

​

​

1,749

​

0.8

​

Income tax provision and effective tax rate

​

$

24,469

​

43.3

%

​

$

21,358

​

18.9

%

​

$

61,130

​

23.9

%

​

(a) Income taxes in Texas, Oklahoma, and New Mexico made up the majority (greater than 50 percent) of the state tax effect.

Schedule of deferred tax assets and liabilities

​

​	​	​	​	​	​	​
December 31,	​ ​ ​	2025		​ ​ ​	2024
(in thousands)	​	​	​	​	​	​
Deferred tax assets:		​	​		​	​
Self-insurance	​	$	—	​	$	3,386
Long-term retirement plan	​		—	​		5,276
State net operating loss carryforwards	​		1,469	​		2,010
Stock-based compensation	​		2,581	​		1,995
Acquisition related employment costs	​	​	2,937	​	​	—
Inventory reserve	​	​	3,068	​	​	3,178
Lease liability	​	​	5,994	​	​	7,067
Capitalized research and development	​	​	147	​	​	4,721
All others, net	​		2,343	​		3,785
Gross deferred tax assets	​		18,539	​		31,418
Deferred tax liabilities:	​		​	​		​
Depreciation	​		(81,797)	​		(75,559)
Right of use asset	​	​	(6,317)	​	​	(7,013)
Goodwill amortization	​		(7,300)	​		(7,035)
Gross deferred tax liabilities	​		(95,414)	​		(89,607)
Net deferred tax liabilities	​	$	(76,875)	​	$	(58,189)

Schedule of components of the payments for income taxes

​

​	​	​	​	​	​	​	​	​	​
Years ended December 31,	​ ​ ​	2025		​ ​ ​	2024		​ ​ ​	2023
(in thousands)	​	​	​	​	​	​	​	​	​
Federal	​	$	6,000	​	$	(35,538)	​	$	56,000
State:	​		​	​		​	​		​
Texas	​	​	855	​	​	2,021	​	​	1,823
Other	​	​	357	​	​	1,330	​	​	3,345
Foreign	​		473	​		511	​		1,058
Total net income tax payments (refunds)	​	$	7,685	​	$	(31,676)	​	$	62,226

Schedule of reconciliation of unrecognized tax benefits

​

​	​	​	​	​	​	​
​	​ ​ ​	2025		​ ​ ​	2024
(in thousands)	​	​	​	​	​	​
Balance at January 1	​	$	531	​	$	2,168
Additions based on tax positions related to the current year		​	101		​	167
(Reductions) for tax positions of prior years		​	(80)		​	(1,804)
Balance at December 31	​	$	552	​	$	531

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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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