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Income Taxes - Tax Expense Components and Reconciliation to Federal Statutory Rate (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Current income tax expense:      
Federal $ 76,878 $ 42,000 $ 99,254
State and local 21,866 13,032 25,464
Total current income tax expense 98,744 55,032 124,718
Deferred income tax expense (benefit) (16,119) 7,521 5,055
Total income tax expense $ 82,625 $ 62,553 $ 129,773
Reconciliation of the statutory federal income tax rate to the effective income tax rate      
Federal income tax at statutory rate 21.00% 21.00% 21.00%
State and local income taxes, less federal income tax benefit 4.90% 5.00% 4.20%
Permanent differences 0.70% 0.70% 0.50%
Deferred income taxes — state income tax rate adjustment (1.00%) 0.60% (1.20%)
Valuation allowance (0.70%) 1.70% 0.20%
Limitation on officers’ compensation 2.00% 2.00% 0.90%
Tax credits (1.10%) (1.60%) (0.40%)
Stock-based compensation (0.70%) (0.80%) (1.70%)
Non-controlling interest (3.70%) (4.20%) (1.90%)
Other 0.20% (0.40%) (1.00%)
Effective income tax rate 21.60% 24.00% 20.60%