Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Components Of Deferred Tax Liabilities (Assets)

Significant components of our deferred tax liabilities (assets) are as follows at December 31:

	2024		2023
Depreciation and amortization	$	36,531	$	37,931
Licenses and nonamortizable intangibles	20,660		20,049
Lease right-of-use assets	5,103		5,100
Lease liabilities	(5,107)		(5,146)
Employee benefits	(3,017)		(2,970)
Deferred fulfillment costs	1,788		1,941
Equity in partnership	2,716		2,943
Net operating loss and other carryforwards	(5,619)		(6,484)
Other – net	1,466		563
Subtotal	54,521		53,927
Deferred tax assets valuation allowance	4,338		4,656
Net deferred tax liabilities	$	58,859	$	58,583
Noncurrent deferred tax liabilities	$	58,939	$	58,666
Less: Noncurrent deferred tax assets	(80)		(83)
Net deferred tax liabilities	$	58,859	$	58,583

Changes in Unrecognized Tax Benefits Balance

A reconciliation of the change in our UTB balance from January 1 to December 31 for 2024 and 2023 is as follows:

Federal, State and Foreign Tax	2024		2023
Balance at beginning of year	$	11,924	$	9,657
Increases for tax positions related to the current year	369		1,026
Increases for tax positions related to prior years	1,017		448
Decreases for tax positions related to prior years	(772)		(212)
Lapse of statute of limitations	(8)		(16)
Settlements	3		1,021
Balance at end of year	12,533		11,924
Accrued interest and penalties	2,223		1,785
Gross unrecognized income tax benefits	14,756		13,709
Less: Deferred federal and state income tax benefits	(849)		(687)
Less: Tax attributable to timing items included above	(6,964)		(6,438)
Total UTB that, if recognized, would impact the effective income tax rate as of the end of the year	$	6,943	$	6,584

Components of Income Tax Expense (Benefit)

The components of income tax (benefit) expense are as follows:

	2024		2023		2022
Federal:
Current	$	2,769	$	2,280	$	579
Deferred	1,289		2,250		2,206
	4,058		4,530		2,785
State and local:
Current	859		423		21
Deferred	(512)		(832)		912
	347		(409)		933
Foreign:
Current	68		66		106
Deferred	(28)		38		(44)
	40		104		62
Total	$	4,445	$	4,225	$	3,780

Schedule of Income before Income Tax, Domestic and Foreign

“Income (Loss) from Continuing Operations Before Income Taxes” in the consolidated statements of income included the following components for the years ended December 31:

	2024		2023		2022
U.S. income (loss) before income taxes	$	16,674	$	20,506	$	(1,480)
Foreign income (loss) before income taxes	24		(658)		(1,614)
Total	$	16,698	$	19,848	$	(3,094)

Reconciliation of Income Tax Expense (Benefit) Based on Federal Statutory Rate to Amount Per Effective Tax Rate

A reconciliation of income tax expense (benefit) on continuing operations and the amount computed by applying the statutory federal income tax rate of 21% to income from continuing operations before income taxes is as follows:

	2024			2023			2022
Taxes computed at federal statutory rate	$	3,507		$	4,168		$	(650)
Increases (decreases) in income taxes resulting from:
State and local income taxes – net of federal income tax benefit	478			345			795
Tax on foreign investments	3			102			43
Noncontrolling interest	(274)			(259)			(308)
Permanent items and R&D credit	(174)			(207)			(121)
Audit resolutions	192			319			(642)
Divestitures	—			(75)			(481)
Goodwill impairment1	929			9			5,210
Other – net	(216)			(177)			(66)
Total	$	4,445		$	4,225		$	3,780
Effective Tax Rate	26.6		%	21.3		%	(122.2)		%
1 Goodwill impairments are not deductible for tax purposes.