Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2022

Taxes on Income [Abstract]

Earnings (Loss) Before Taxes

Earnings (loss) before taxes on income and details of the provision (benefit) for taxes on income were as follows (in thousands):

	Year Ended December 31,
	2022		2021			2020
Earnings (loss) before taxes on income:
United States	$	164,590	$	(290,181	)	$	(461,569	)
Foreign		385		(420	)		218
	$	164,975	$	(290,601	)	$	(461,351	)
Provision (benefit) for taxes on income:
U.S. Federal:
Current	$	513	$	(460	)	$	(218,613	)
Deferred		34,980		(48,843	)		37,436
	$	35,493	$	(49,303	)	$	(181,177	)
U.S. State:
Current	$	3,793	$	1,560		$	3,421
Deferred		2,802		4,424			(12,273	)
	$	6,595	$	5,984		$	(8,852	)
Foreign:
Current	$	126	$	(511	)	$	270
	$	126	$	(511	)	$	270
Consolidated:
Current	$	4,432	$	589		$	(214,922	)
Deferred		37,782		(44,419	)		25,163
	$	42,214	$	(43,830	)	$	(189,759	)

Effective Income Tax Rate Reconciliation

The Company’s provision (benefit) for taxes on income varied from the statutory federal income tax rate due to the following:

	Year Ended December 31,
	2022			2021			2020
United States income tax statutory rate		21.0	%		21.0	%		21.0	%
State and local taxes, net of federal benefit		3.1			(1.7	)		1.2
CARES Act – net operating loss carryback		—			—			21.3
Other – net		1.5			(4.2	)		(2.4	)
		25.6	%		15.1	%		41.1	%

Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities were as follows (in thousands):

	December 31,
	2022			2021
Deferred tax assets:
Allowance for doubtful accounts	$	1,556		$	1,657
Inventory		11,679			13,180
Insurance accruals		4,856			4,052
Deferred compensation		7,703			6,081
Unrealized (gain) loss on defined benefit plans		(5,532	)		6,126
Goodwill and other intangibles		52,847			65,852
Operating loss carryforwards		79,699			89,966
Retirement benefits		5,472			7,194
Other		9,962			6,247
		168,242			200,355
Valuation allowances		(19,960	)		(20,095	)
		148,282			180,260
Deferred tax liabilities:
Property		(671,830	)		(655,550	)
Deferred state taxes		(87,445	)		(83,491	)
Other		(14,891	)		(15,371	)
		(774,166	)		(754,412	)
	$	(625,884	)	$	(574,152	)

Reconciliation of Liability for Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of the liability for unrecognized tax benefits is as follows (in thousands):

	Year Ended December 31,
	2022			2021			2020
Balance at beginning of year	$	737		$	783		$	883
Additions based on tax positions related to the current year		13			13			262
Additions for tax positions of prior years		66			281			114
Reductions for tax positions of prior years		(154	)		(340	)		(266	)
Settlements		—			—			(210	)
Balance at end of year	$	662		$	737		$	783