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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Provision for income taxes | The provision for income taxes from continuing operations consisted of the following:
|  | For the years ended December 31,
(in thousands) |  | 2022 |  | 2021 |  | 2020
Current: |  |  |  |  |  |
Federal |  | $ | 56,236 |  |  | $ | 52,145 |  |  | $ | (13,235) |
State and local |  | 11,411 |  |  | 9,096 |  |  | 2,478 |
Foreign |  | — |  |  | (48) |  |  | 107 |
Total current income tax provision (benefit) |  | 67,647 |  |  | 61,193 |  |  | (10,650) |
Deferred: |  |  |  |  |  |
Federal |  | 2,882 |  |  | 6,616 |  |  | 57,755 |
State and local |  | 10,770 |  |  | 3,087 |  |  | 8,902 |
Foreign |  | (738) |  |  | 293 |  |  | (551) |
Total deferred income tax provision |  | 12,914 |  |  | 9,996 |  |  | 66,106 |
Provision for income taxes |  | $ | 80,561 |  |  | $ | 71,189 |  |  | $ | 55,456 |
Effective income tax rate reconciliation | The difference between the statutory rate for federal income tax and the effective income tax rate was as follows:
|  | For the years ended December 31,
|  | 2022 |  | 2021 |  | 2020
Statutory rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Effect of: |  |  |  |  |  |
State and local income taxes, net of federal tax benefit |  | 7.0 |  |  | 5.6 |  |  | 4.5 |
Non-deductible mark-to-market losses |  | — |  |  | 11.5 |  |  | — |
Excess tax benefits from stock-based compensation |  | (0.3) |  |  | (0.9) |  |  | 0.5 |
Nondeductible expenses |  | 0.2 |  |  | 0.2 |  |  | 0.4 |
Reserve for uncertain tax positions |  | 0.7 |  |  | (0.8) |  |  | 0.7 |
Other |  | 0.5 |  |  | 1.5 |  |  | (0.6) |
Effective income tax rate |  | 29.1 | % |  | 38.1 | % |  | 26.5 | %
Schedule of deferred income tax (liabilities) assets | The approximate effect of the temporary differences giving rise to deferred income tax assets (liabilities) were as follows:
|  | As of December 31,
(in thousands) |  | 2022 |  | 2021
Temporary differences: |  |  |  |
Property and equipment |  | $ | (46,710) |  |  | $ | (54,292) |
Goodwill and other intangible assets |  | (390,105) |  |  | (378,978) |
Investments, primarily gains and losses not yet recognized for tax purposes |  | 5,165 |  |  | 2,886 |
Accrued expenses not deductible until paid |  | 7,897 |  |  | 10,867 |
Deferred compensation and retiree benefits not deductible until paid |  | 32,174 |  |  | 37,317 |
Operating lease right-of-use assets |  | (36,843) |  |  | (31,507) |
Operating lease liabilities |  | 39,099 |  |  | 33,174 |
Interest limitation carryforward |  | 6,375 |  |  | 7 |
Other temporary differences, net |  | 7,305 |  |  | 12,354 |
Total temporary differences |  | (375,643) |  |  | (368,172) |
Federal and state net operating loss carryforwards |  | 20,283 |  |  | 23,863 |
Valuation allowance for state deferred tax assets |  | (15,097) |  |  | (12,468) |
Net deferred tax liability |  | $ | (370,457) |  |  | $ | (356,777) |
Gross unrecognized tax benefit reconciliation | A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:
|  | For the years ended December 31,
(in thousands) |  | 2022 |  | 2021 |  | 2020
Gross unrecognized tax benefits at beginning of year |  | $ | 10,572 |  |  | $ | 2,376 |  |  | $ | 576 |
Increases in tax positions for prior years |  | 2,965 |  |  | 22,348 |  |  | 166 |
Decreases in tax positions for prior years |  | (390) |  |  | — |  |  | (141) |
Increases in tax positions for current years |  | 796 |  |  | 3,164 |  |  | 1,661 |
Increases (decreases) from lapse in statute of limitations |  | (173) |  |  | (4,234) |  |  | 114 |
Decreases due to settlements with taxing authorities |  | (1,646) |  |  | (13,082) |  |  | — |
Gross unrecognized tax benefits at end of year |  | $ | 12,124 |  |  | $ | 10,572 |  |  | $ | 2,376 |

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