Income Tax Expense (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

For the years ended December 31, 2022, 2021 and 2020, income taxes expense consisted of:

		Years Ended December 31,
		2022		2021		2020
	(in thousands)
Current:
Federal	$	106,425	$	96,749	$	65,118
State		36,436		35,402		16,640
Foreign		—		—		—
Total Current		142,861		132,151		81,758
Deferred:
Federal		(37,362)		(6,151)		3,520
State		(10,722)		(1,388)		(1,425)
Foreign		—		—		—
Total Deferred		(48,084)		(7,539)		2,095
Total	$	94,777	$	124,612	$	83,853

Summary of Difference Between the Income Tax Expense

The difference between the income tax expense for the years ended December 31, 2022, 2021 and 2020 and the expected income taxes based on the statutory tax rate applied to earnings (loss) arises as follows:

12. INCOME TAX EXPENSE (Continued)

		Years Ended December 31,
		2022		2021		2020
	(in thousands)
Income before Income Taxes	$	108,432	$	204,975	$	102,931
Statutory Tax Rates		21%		21%		21%
Expense/(Recovery) based on Statutory Rates		22,771		43,045		21,615
State Taxes		24,077		31,476		14,837
Provision to Return Adjustment		499		971		5,299
Adjustments for Stock Compensation		497		(1,836)		(211)
Non-deductible Expenses		40,870		40,847		27,570
Change in State Rate Reconciliation		(127)		54		(2,535)
Change in Valuation Allowance		(25,970)		10,712		7,706
Change in Uncertain Tax Position		30,607		2,776		9,918
Other Differences		1,553		(3,433)		(346)
Income Tax Expense	$	94,777	$	124,612	$	83,853

Summary Of The Components Of Deferred Tax Assets And Liabilities Were as Follows

At December 31, 2022 and 2021, the components of deferred tax assets and liabilities were as follows:

		Years Ended December 31,
		2022		2021
	(in thousands)
Deferred Tax Assets
Operating Lease Liabilities	$	60,588	$	42,982
Net Operating Losses		1,864		21,237
163(j) Interest Limitation		7,499		9,864
Warrant Fair Value Derivative		—		1,200
Stock-based Compensation		10,646		5,383
Asset Acquisition Life Difference		—		1,329
Capitalized Inventory		5,846		—
Fair Value Investments		3,306		—
Other		5,391		5,214
Valuation Allowance		(702)		(27,174)
Total Deferred Tax Assets		94,438		60,035
Deferred Tax Liabilities
Operating Right of Use Assets	$	(56,546)	$	(39,165)
Fair Value Investments		—		(4,703)
Warrant Fair Value Derivative		(4,804)		—
Intangibles		(52,508)		(84,896)
Total Deferred Tax Liabilities		(113,858)		(128,764)
Net Deferred Tax Liabilities	$	(19,420)	$	(68,729)

Summary of The Reconciliation of The Beginning and Ending Amount of Unrecogized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

		2022		2021		2020
	(in thousands)
Balance at Beginning of Year	$	13,117	$	10,341	$	2,113
Gross increases related to tax positions in a prior period		9,531		823		2,382
Gross decreases related to tax positions in a prior period		(1,100)		—		—
Gross increases related to tax positions in the current period		21,582		6,166		7,536
Gross decreases related to tax positions in a current period		—		(4,213)		(1,690)
Balance at End of Year	$	43,130	$	13,117	$	10,341