Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Current and Deferred Federal and State Income Tax Provision from Continuing Operations

The current and deferred federal and state income tax provision from continuing operations, are comprised of the following:

	For the Years Ended December 31,
	(Amounts in Thousands)
	2023		2022		2021
Current
Federal	$	11,839	$	7,075	$	4,603
State		4,139		3,090		2,398
Deferred
Federal		2,306		3,118		6,407
State		526		863		1,864
Provision for income taxes	$	18,810	$	14,146	$	15,272

Deferred Tax Assets And Liabilities

The tax effects of certain temporary differences between the Company’s book and tax bases of assets and liabilities give rise to significant portions of the deferred income tax assets (liabilities) at December 31, 2023 and 2022. The deferred tax assets (liabilities) consisted of the following:

	For the Years Ended December 31,
	(Amounts in Thousands)
	2023			2022
Deferred tax assets
Long-term
Accounts receivable allowances	$	21,480		$	18,515
Operating lease liabilities		13,562			12,472
Accrued compensation		4,957			3,676
Accrued workers’ compensation		3,046			3,296
Transaction costs		2,390			2,056
Stock-based compensation		1,456			1,473
Net operating loss		87			—
Restructuring costs		26			54
Other		2,908			1,420
Total long-term deferred tax assets		49,912			42,962
Deferred tax liabilities
Long-term
Goodwill and intangible assets		(42,980	)		(34,310	)
Operating lease assets, net		(11,650	)		(10,323	)
Property and equipment		(2,829	)		(3,123	)
Insurance premiums		(982	)		(916	)
Total long-term deferred tax liabilities		(58,441	)		(48,672	)
Total net deferred tax (liabilities) assets	$	(8,529	)	$	(5,710	)

Reconciliation of Statutory Federal Tax Rate

A reconciliation for continuing operations of the statutory federal tax rate of 21.0% to the effective income tax rate is summarized as follows:

	For the Years Ended December 31,
	2023				2022				2021
Federal income tax at statutory rate		21.0		%		21.0		%		21.0		%
State and local taxes, net of federal benefit		5.6				5.9				6.3
162(m) disallowance for executive compensation		2.2				3.2				3.5
Nondeductible penalties		0.1				—				0.6
Excess tax benefit		(0.5	)			(0.4	)			(2.0	)
Jobs tax credits, net		(4.0	)			(5.1	)			(4.1	)
Nondeductible permanent items		0.1				—				—
Federal/state return to provision		(1.3	)			(1.0	)			—
Other		(0.1	)			(0.1	)			(0.1	)
Effective income tax rate		23.1		%		23.5		%		25.2		%