Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The components of earnings before income taxes consisted of the following for the years ended December 31:

(In thousands)	2025		2024		2023
United States	$	255,957	$	195,866	$	92,679
Foreign	(888)		(6,528)		(9,675)
Total earnings before income taxes	$	255,069	$	189,338	$	83,004

Schedule of Provisions of Income Taxes

The provision for income taxes in the Consolidated Statements of Income was as follows for the years ended December 31:

(In thousands)	2025		2024		2023
Current:
Federal	$	40,179	$	45,922	$	15,454
State and local	6,727		6,887		1,752
Foreign	4,031		735		(464)
Total current provision	50,937		53,544		16,742
Deferred:
Federal	15,918		(2,249)		5,824
State and local	3,537		(425)		824
Foreign	(3,573)		(4,399)		(4,581)
Total deferred provision (benefit)	15,882		(7,073)		2,067
Provision for income taxes	$	66,819	$	46,471	$	18,809

Schedule of Income Tax Reconciliation

The provision for income taxes differs from the amount computed by applying the federal statutory rate of 21 percent for 2025 to income before income taxes for the reasons detailed in the table below. Due to the adoption of ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, the Company has presented its 2025 income tax disclosures in a revised format that includes enhanced disaggregation and updated categorization consistent with the new FASB requirements:

(In thousands)	2025		%
Income tax at U.S. federal statutory rate	$	53,564	21.0%
Domestic Federal
Tax credits	(664)		(0.3)%
Nontaxable or nondeductible items:
Section 162(m) permanent addback	4,624		1.8%
Other	(396)		(0.1)%
Cross-border tax laws	—		—%
Domestic changes in valuation allowances	—		—%
Other reconciling items	(262)		(0.1)%
Domestic state and local income taxes, net of federal effect	8,236		3.2%
Foreign tax effects:
Other foreign jurisdictions	536		0.2%
Worldwide changes in prior year unrecognized tax benefits	1,181		0.5%
Provision for income taxes	$	66,819	26.2%

The provision for income taxes differs from the amount computed by applying the federal statutory rate of 21 percent for 2024 and 2023 to income before income taxes for the following reasons for the years ended December 31:

(In thousands)	2024		2023
Income tax at U.S. federal statutory rate	$	39,761	$	17,431
State income tax, net of federal income tax impact	5,105		2,035
Section 162(m) limit	3,735		1,896
Federal tax credits	(1,002)		(1,219)
Share-based payment compensation excess tax benefit	(346)		(242)
Other	(782)		(1,092)
Provision for income taxes	$	46,471	$	18,809

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities were as follows at December 31:

(In thousands)	2025		2024
Deferred tax assets:
Stock-based compensation	$	2,468	$	1,836
Pension	920		909
Deferred compensation	11,737		11,114
Warranty	16,608		13,540
Convertible debt bond hedge	14,286		7,323
Inventory	26,101		24,007
Research and experimental costs	215		9,018
Other	7,384		6,963
Lease obligation asset	69,904		57,528
Net operating loss, interest, and tax credit carryforwards	16,131		15,152
Total deferred tax assets before valuation allowance	165,754		147,390
Less valuation allowance	(7,896)		(7,657)
Total deferred tax assets net of valuation allowance	157,858		139,733
Deferred tax liabilities:
Lease obligation liability	(65,776)		(54,106)
Fixed assets	(45,748)		(40,432)
Intangible assets	(68,288)		(64,953)
Total deferred tax liabilities	(179,812)		(159,491)
Net deferred tax liabilities	$	(21,954)	$	(19,758)

Schedule of Unrecognized Tax Benefits

The following table reconciles the total amounts of unrecognized tax benefits, at December 31:

(In thousands)	2025		2024		2023
Balance at beginning of period	$	24,915	$	24,395	$	23,376
Changes in tax positions of prior years	—		—		218
Additions based on tax positions related to the current year	688		1,219		1,195
Decreases due to settlements of liabilities	(411)		—		—
Decreases due to closure of tax years	(1,235)		(699)		(394)
Balance at end of period	$	23,957	$	24,915	$	24,395