XML 110 R96.htm IDEA: XBRL DOCUMENT v3.20.4
Income Taxes - Reconciliation of Statutory Income Tax Provision (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Expected tax at statutory rate $ 111,760 $ 97,110 $ 95,828
Non-taxable REIT income (94,270) (82,717) (83,022)
State and local tax expense - net of federal benefit 3,075 2,837 2,385
Change in valuation allowance (363) (207) (1,052)
Tax credits/true-up (5,745) (3,663) (6,016)
Miscellaneous (647) (2,052) 1,121
Total provision $ 13,810 $ 11,308 $ 9,244
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Expected tax at statutory rate 21.00% 21.00% 21.00%
Non-taxable REIT income (17.70%) (17.90%) (18.20%)
State and local tax expense - net of federal benefit 0.60% 0.60% 0.50%
Change in valuation allowance (0.10%) 0.00% (0.20%)
Tax credits/true-up (1.10%) (0.80%) (1.30%)
Miscellaneous (0.10%) (0.40%) 0.20%
Total provision 2.60% 2.50% 2.00%