Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income before Income Taxes

The components of income or loss before income taxes for the periods indicated were as follows (in millions):

	For the Years Ended December 31,
	2024		2023		2022
Domestic	$	255.7	$	(84.9)	$	66.7
Foreign	(4.7)		2.2		(23.6)
Total	$	251.0	$	(82.7)	$	43.1

Schedule of Provision for Income Taxes

The provision for income taxes for the periods indicated were as follows (in millions):

	For the Years Ended December 31,
	2024		2023		2022
Current:
Federal	$	68.9	$	90.2	$	(9.8)
Foreign	7.8		1.8		3.6
State and local	9.3		13.5		5.8
	$	86.0	$	105.5	$	(0.4)
Deferred:
Federal	$	(26.2)	$	(119.7)	$	5.9
Foreign	0.0		(0.1)		0.6
State and local	(8.3)		(21.1)		3.1
	$	(34.5)	$	(140.9)	$	9.6
Provision for (benefit from) income taxes	$	51.5	$	(35.4)	$	9.2

Schedule of Deferred Tax Assets and Liabilities

The tax effects of significant items comprising the Company’s net deferred tax liability as of the dates indicated were as follows (in millions):

	December 31,
	2024		2023
Deferred tax assets:
Accrued insurance	$	54.0	$	51.2
Operating loss carryforwards and tax credits	93.3		87.5
Compensation and benefits	45.1		34.9
Bad debt	4.6		3.8
Other	20.5		24.4
Capitalized expenses	332.6		243.7
Valuation allowance	(64.7)		(60.4)
Total deferred tax assets	$	485.4	$	385.1
Deferred tax liabilities:
Property and equipment	$	299.7	$	345.9
Goodwill	112.9		95.0
Other intangible assets	75.8		96.7
Gain on remeasurement of equity investee	7.3		7.3
Revenue recognition	203.0		81.3
Investments in unconsolidated entities	117.6		113.3
Other	31.9		36.0
Total deferred tax liabilities	$	848.2	$	775.5
Net deferred tax liabilities	$	(362.8)	$	(390.4)

Schedule of Effective Tax Rate Reconciliation

A reconciliation of the U.S. statutory federal income tax rate related to pretax income to the effective tax rate for the periods indicated is as follows:

	For the Years Ended December 31,
	2024		2023		2022
U.S. statutory federal rate applied to pretax income	21.0	%	21.0	%	21.0	%
State and local income taxes, net of federal benefit	1.4		4.3		8.8
Foreign tax rate differential	0.2		(1.8)		1.3
Non-deductible expenses	5.6		(14.6)		(1.6)
Goodwill and intangible assets	0.0		1.8		(0.7)
Change in tax rate	(0.3)		(5.6)		12.7
Compensation and benefits	1.0		6.2		6.7
Non-controlling interest	(3.0)		0.7		(0.4)
Other	3.8		0.7		(7.6)
Tax credits	(10.0)		24.7		(37.9)
Stock basis adjustment	0.0		4.9		0.0
Valuation allowance for deferred tax assets	0.8		0.5		19.0
Effective income tax rate	20.5	%	42.8	%	21.3	%

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of uncertain tax positions, excluding interest and penalties, follows in the table below (in millions).

	For the Years Ended December 31,
	2024		2023		2022
Beginning balance	$	60.9	$	39.3	$	21.4
Additions based on tax positions related to the current year	15.5		16.6		8.0
Additions for tax positions of prior years	6.6		9.5		15.9
Lapse of statute of limitations	(12.7)		(4.5)		(6.0)
Ending balance	$	70.3	$	60.9	$	39.3