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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Income Before Provision for Income Taxes
Components of income before provision for income taxes include (amounts in thousands):
Year Ended
December 31,
202420232022
Domestic$90,922 $168,689 182,578 
Foreign— — — 
Income before taxes$90,922 $168,689 $182,578 
Schedule of Components of the Provision for (Benefit from) Income Taxes
The components of the provision for (benefit from) income taxes include (amounts in thousands):
Year Ended
December 31,
202420232022
Current
     Federal$16,264 $35,015 $25,550 
     State8,072 10,721 10,624 
Total current expense24,336 45,736 36,174 
Deferred
     Federal581 (792)8,498 
     State(2,545)(1,494)1,272 
Total deferred (benefit) expense (1,964)(2,286)9,770 
Income tax expense$22,372 $43,450 $45,944 
Schedule of Effective Income Tax Rate Reconciliation
The difference between income taxes expected at the United States federal statutory income tax rate of 21% and the provision for income taxes is summarized as follows (amounts in thousands):
Year Ended
December 31,
202420232022
Federal statutory income tax rate$19,094 $35,383 $38,341 
State taxes4,497 7,617 9,871 
Federal return-to-provision adjustments (1)
(550)(37)(2,577)
Tax credits(664)(443)— 
Other(5)930 309 
Provision for income taxes$22,372 $43,450 $45,944 
(1) The tax investment amount changed as a result of the LLC’s federal tax filing in 2022, therefore the Company recorded a return-to-provision adjustment of $1.6 million and $1.1 million to additional paid-in capital for the years ended December 31, 2023 and 2022, respectively.
Schedule of Deferred Tax Assets and Liabilities
Components of our deferred tax assets and liabilities include (amounts in thousands):
December 31,
20242023
Deferred tax assets
Net operating loss carryforwards$— $17 
FS Arhaus investment in LLC10,419 11,091 
Homeworks investment in LLC10,672 8,019 
Total deferred tax assets21,091 19,127 
Less: valuation allowance— — 
Total deferred tax assets, net of valuation allowance$21,091 $19,127