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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) for Operations Before Income Taxes

The components of income (loss) for operations before income taxes consisted of the following:

						For the years ended December 31,
(in thousands)						2025						2024						2023
Domestic						$	(121,691)					$	207,784					$	(962,902)
Foreign						2,189						2,197						(4,609)
Total						$	(119,502)					$	209,981					$	(967,511)

Schedule of Provision For Income Taxes

The provision for income taxes from operations consisted of the following:

						For the years ended December 31,
(in thousands)						2025						2024						2023
Current:
Federal						$	4,580					$	64,533					$	34,205
State and local						5,363						11,644						8,010
Foreign						263						1,053						—
Total current income tax provision						10,206						77,230						42,215
Deferred:
Federal						(24,151)						(14,663)						(53,476)
State and local						(4,527)						1,222						(7,278)
Foreign						(153)						(26)						(1,188)
Total deferred income tax provision						(28,831)						(13,467)						(61,942)
Provision (benefit) for income taxes						$	(18,625)					$	63,763					$	(19,727)

Schedule of 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,
(in thousands)						2025												2024												2023
U.S. federal statutory rate						$	(25,095)					21.0		%				$	44,096					21.0		%				$	(203,177)					21.0		%
State and local income taxes, net of federal income tax effect *						(389)						0.3						9,025						4.2						(1,258)						0.1
Foreign tax effects						(350)						0.3						565						0.3						(220)						—
Nontaxable or non-deductible items:
Non-deductible goodwill impairment						—						—						—						—						179,630						(18.6)
Equity compensation tax windfall/shortfall deduction						2,614						(2.2)						3,157						1.5						1,507						(0.2)
Non-deductible executive compensation						761						(0.6)						2,373						1.1						995						(0.1)
Other non-deductible expenses						1,106						(0.9)						755						0.4						771						—
Changes in unrecognized tax benefits						251						(0.2)						2,016						1.0						334						—
Other adjustments:
Federal accrued interest on deferred gain						1,700						(1.4)						1,802						0.9						1,514						(0.2)
Other						777						(0.7)						(26)						—						177						—
Effective income tax rate						$	(18,625)					15.6		%				$	63,763					30.4		%				$	(19,727)					2.0		%

* The states that contribute to the majority (greater than 50%) of the tax effect in this category include Michigan for 2025, California, Michigan, Florida, Texas, Montana and Arizona for 2024 and Georgia, Michigan, Texas, Cincinnati, Ohio, Arizona, Indiana, Colorado, Wisconsin, Tennessee, New York, Connecticut, Louisiana, Kentucky, Montana, California, Oklahoma and Philadelphia, Pennsylvania for 2023.

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)						2025						2024
Temporary differences:
Property and equipment						$	(40,219)					$	(38,383)
Goodwill and other intangible assets						(381,863)						(377,291)
Investments, primarily gains and losses not yet recognized for tax purposes						2,381						4,980
Accrued expenses not deductible until paid						10,494						11,912
Deferred compensation and retiree benefits not deductible until paid						26,526						29,013
Operating lease right-of-use assets						(31,107)						(29,829)
Operating lease liabilities						35,170						32,888
Interest limitation carryforward						79,251						59,070
Other temporary differences, net						15,846						12,599
Total temporary differences						(283,521)						(295,041)
Federal and state net operating loss carryforwards						27,359						12,332
Valuation allowance for state deferred tax assets						(12,067)						(10,880)
Net deferred tax liability						$	(268,229)					$	(293,589)

Schedule of 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)						2025						2024						2023
Gross unrecognized tax benefits at beginning of year						$	28,099					$	15,030					$	12,124
Increases in tax positions for prior years						1,184						6,055						3,321
Decreases in tax positions for prior years						(788)						(217)						(2)
Increases in tax positions for current year						7,152						7,483						257
Decreases from lapse in statute of limitations						(1,992)						(252)						(670)
Decreases due to settlements with taxing authorities						(26)						—						—
Gross unrecognized tax benefits at end of year						$	33,629					$	28,099					$	15,030

Schedule of Income Tax Paid

The components of cash paid for income taxes, net of refunds received, was as follows:

						For the years ended December 31,
(in thousands)						2025						2024						2023
Federal						$	10,000					$	62,991					$	31,200
State:
Florida						—						—						(5,421)
Other						3,323						8,820						5,342
Foreign						—						—						—
Income taxes paid, net of refunds received						$	13,323					$	71,811					$	31,121

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