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Income Taxes (Narrative) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
Income Taxes INCOME TAXES
Income Tax Expense
The components of current and deferred income tax expense are as follows (in thousands):
Years Ended December 31,
202420232022
Current income tax expense:
Federal$85,062 $73,299 $73,747 
State8,342 10,197 9,428 
Total current income tax expense93,404 83,496 83,175 
Deferred income tax expense (benefit):
Federal1,192 993 (630)
State129 149 (77)
Total deferred income tax expense (benefit)1,321 1,142 (707)
Total income tax expense$94,725 $84,638 $82,468 

Effective Income Tax Rate Reconciliation

The income tax expense differs from the amount that would be computed by applying the statutory federal income tax rates of 21% for each of the years ended December 31, 2024, 2023 and 2022, respectively, to income before income taxes as a result of the following (amounts in thousands):
Years Ended December 31,
202420232022
Tax on pre-tax book income (before reduction of noncontrolling interests)$107,494 $82,176 $83,258 
Tax effect of non-controlled earnings(7,470)(4,630)(4,640)
State income tax expense, net of federal benefit8,286 8,220 7,353 
Tax credits(10,920)(3,033)(5,861)
Other(2,665)1,905 2,358 
Total income tax expense$94,725 $84,638 $82,468 
Effective income tax rate18.5 %21.6 %20.8 %

The change in the effective tax rate for year ended December 31, 2024 relates primarily to an income tax benefit for purchasing investment tax credits at a discount and energy efficient homes credits as well as an increase in non-controlled earnings.
Deferred Income Taxes
The primary differences between the financial statement and tax bases of assets and liabilities are as follows (in thousands):
December 31, 2024December 31, 2023
Deferred tax assets:
Basis in partnerships$2,700 $3,193 
Accrued expenses6,989 7,550 
Inventory2,620 2,740 
Change in fair value of contingent consideration872 996 
Lease liabilities - operating leases1,676 1,797 
Stock-based compensation603 584 
Other381 324 
Deferred tax assets, gross15,841 17,184 
Valuation allowance— — 
Deferred tax assets, net$15,841 $17,184 
Deferred tax liabilities:
Right-of-use assets - operating leases$(1,479)$(1,668)
Prepaid insurance(106)(107)
Other(272)(103)
Deferred tax liabilities$(1,857)$(1,878)
Total deferred income tax assets, net$13,984 $15,306 

Uncertain Tax Positions
The Company establishes accruals for uncertain tax positions that reflect management’s best estimate of deductions and credits that may not be sustained on a more-likely-than-not basis. In accordance with ASC 740, Income Taxes, the Company recognizes the effect of income tax positions only if those positions have a more-likely-than-not chance of being sustained by the Company. Recognized income tax positions are measured at the largest amount that is considered greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. There were no uncertain tax positions as of December 31, 2024.

There were no expenses for interest and penalties related to uncertain tax positions for the years ended December 31, 2024, 2023, and 2022. There were no accrued liabilities related to uncertain tax positions as of December 31, 2024 and 2023, respectively.

Statutes of Limitations
The U.S. federal statute of limitations remains open for our 2021 and subsequent tax years.

The Company and its subsidiaries file returns in Texas, Georgia, Florida and Colorado.

The Texas statute of limitations remains open for the 2020 and subsequent tax years. Any adjustments relating to returns filed by the subsidiary partnerships would be borne by the subsidiary partnership entities.

The Georgia and Florida statute of limitations remains open for 2021 and subsequent tax years. Any adjustments relating to returns filed by the subsidiary partnerships would be borne by the partner.

The Company is not presently under examination by the Internal Revenue Service or state tax authority.
    
Schedule of Components of Income Tax Expense (Benefit)
Income Tax Expense
The components of current and deferred income tax expense are as follows (in thousands):
Years Ended December 31,
202420232022
Current income tax expense:
Federal$85,062 $73,299 $73,747 
State8,342 10,197 9,428 
Total current income tax expense93,404 83,496 83,175 
Deferred income tax expense (benefit):
Federal1,192 993 (630)
State129 149 (77)
Total deferred income tax expense (benefit)1,321 1,142 (707)
Total income tax expense$94,725 $84,638 $82,468 
    
Schedule of Deferred Tax Assets and Liabilities
The primary differences between the financial statement and tax bases of assets and liabilities are as follows (in thousands):
December 31, 2024December 31, 2023
Deferred tax assets:
Basis in partnerships$2,700 $3,193 
Accrued expenses6,989 7,550 
Inventory2,620 2,740 
Change in fair value of contingent consideration872 996 
Lease liabilities - operating leases1,676 1,797 
Stock-based compensation603 584 
Other381 324 
Deferred tax assets, gross15,841 17,184 
Valuation allowance— — 
Deferred tax assets, net$15,841 $17,184 
Deferred tax liabilities:
Right-of-use assets - operating leases$(1,479)$(1,668)
Prepaid insurance(106)(107)
Other(272)(103)
Deferred tax liabilities$(1,857)$(1,878)
Total deferred income tax assets, net$13,984 $15,306 
    
Schedule of Effective Tax Rate Reconciliation
Effective Income Tax Rate Reconciliation

The income tax expense differs from the amount that would be computed by applying the statutory federal income tax rates of 21% for each of the years ended December 31, 2024, 2023 and 2022, respectively, to income before income taxes as a result of the following (amounts in thousands):
Years Ended December 31,
202420232022
Tax on pre-tax book income (before reduction of noncontrolling interests)$107,494 $82,176 $83,258 
Tax effect of non-controlled earnings(7,470)(4,630)(4,640)
State income tax expense, net of federal benefit8,286 8,220 7,353 
Tax credits(10,920)(3,033)(5,861)
Other(2,665)1,905 2,358 
Total income tax expense$94,725 $84,638 $82,468 
Effective income tax rate18.5 %21.6 %20.8 %
    
Operating Loss Carryforwards [Line Items]      
Basis in partnerships $ 2,700 $ 3,193  
Deferred tax assets 15,841 17,184  
Deferred Tax Assets, Valuation Allowance 0 0  
Effective Income Tax Rate Reconciliation, Tax Credit, Amount $ (10,920) $ (3,033) $ (5,861)