Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Reconciliation of Statutory Federal Income Tax Rate to Effective Rate

The following is a reconciliation of the statutory federal income tax rate to the effective rate reported in the financial statements:

	Year Ended December 31,
(percent of income before tax)	2022		2021		2020
Provision for federal income taxes at the statutory rate	21.0	%	21.0	%	21.0	%
State and local income taxes, net of federal benefit	1.6		2.5		1.5
Non-United States income taxed at different rates	(0.4)		2.7		2.1
Foreign tax credits	—		(2.4)		(0.9)
Adjustment to deferred taxes	0.1		—		(1.2)
Global Intangible Low-Taxed Income	0.1		0.1		0.1
Research credits	(0.4)		(0.4)		(1.4)
Withholding taxes	0.2		(1.4)		0.5
Excess tax benefits from stock plans	—		(0.9)		(0.8)
Other	(0.6)		0.4		1.7
Actual provision for income taxes	21.6	%	21.6	%	22.6	%

Significant Components of Deferred Taxes

Significant components of the Company's deferred taxes consisted of the following:

	December 31,
(in thousands)	2022		2021
Deferred tax assets:
Accruals and allowances	$	31,957	$	40,518
Lease liability	89,742		81,012
Capitalized inventory costs	26,147		23,950
Sales reserves	16,897		13,881
Stock compensation	7,659		6,329
Net operating loss carryforwards	18,778		22,767
Depreciation and amortization	15,463		22,076
Tax credits	2,751		387
Other	10,902		2,164
Gross deferred tax assets	220,296		213,084
Valuation allowance	(19,649)		(22,502)
Net deferred tax assets	200,647		190,582
Deferred tax liabilities:
Depreciation and amortization	(5,844)		(10,414)
Prepaid expenses	(2,892)		(3,447)
ROU lease asset	(78,274)		(68,148)
Deferred tax liability associated with future repatriations	(11,267)		(13,069)
Foreign currency	(8,351)		(3,383)
Gross deferred tax liabilities	(106,628)		(98,461)
Total net deferred taxes	$	94,019	$	92,121

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:

	Year Ended December 31,
(in thousands)	2022		2021		2020
Balance at beginning of year	$	13,855	$	14,493	$	12,478
Increases related to prior year tax positions	234		355		1,903
Decreases related to prior year tax positions	(1,646)		(1,447)		(162)
Increases related to current year tax positions	1,355		883		906
Expiration of statute of limitations	(3,621)		(429)		(632)
Balance at end of year	$	10,177	$	13,855	$	14,493