Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes for the years ended December 31 consist of the following:

(In thousands)	2022		2021		2020
Current
Federal	$	25,318	$	22,832	$	16,831
State	4,241		4,666		3,210
	29,559		27,498		20,041
Deferred
Federal	(628)		589		(1,217)
State	1,212		(355)		(1,241)
	584		234		(2,458)
Total income tax expense	$	30,143	$	27,732	$	17,583

Schedule of Statutory to Effective Income Tax Reconciliation

The differences between income tax expense in the accompanying Consolidated Financial Statements and the amount computed by applying the statutory Federal income tax rate are as follows:

(In thousands)	2022		2021		2020
Statutory rates applied to income before income taxes	$	25,095	$	24,949	$	16,164
State income taxes, net of Federal tax benefit	4,888		3,836		2,057
State tax credits	(494)		(481)		(1,206)
Other	654		(572)		568
	$	30,143	$	27,732	$	17,583

Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The amounts in the following table are grouped based on broad categories of items that generate the deferred tax assets and liabilities.

(In thousands)	2022		2021
Deferred tax assets:
Property and equipment	$	7,414	$	6,944
Lease liabilities	55,322		57,588
Accrued liabilities	11,786		11,306
Retirement benefits	60		573
State tax credits	1,158		2,087
Other	702		676
Total deferred tax assets	76,442		79,174
Deferred tax liabilities:
Inventory related	7,058		6,389
Right-of-use lease assets	53,320		55,816
Other	563		594
Total deferred tax liabilities	60,941		62,799
Net deferred tax assets	$	15,501	$	16,375