Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of the significant temporary differences that comprise the deferred tax assets and liabilities are as follows:


	December 31,
(In thousands)	2025		2024
Deferred tax assets:
Warranty, insurance and other accruals	$	14,695	$	13,733
Equity-based compensation	3,112		1,998
Inventory	—		846
Operating lease liabilities	14,197		13,869
State taxes	421		497
Net operating loss carryforward	65		65
Deferred charges	1,612		3,559
Total deferred tax assets	$	34,102	$	34,567

Deferred tax liabilities:
Federal effect of state deferred taxes	$	170	$	485
Inventory	9,944		—
Depreciation	5,093		6,309
Operating lease right-of-use assets	13,772		13,501
Prepaid expenses	615		821

Total deferred tax liabilities	$	29,594	$	21,116

Net deferred tax asset	$	4,508	$	13,451

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision from income taxes consists of the following:


	Year Ended December 31,
(In thousands)	2025		2024		2023
Current:
Federal	$	95,280	$	138,535	$	117,115
State	19,424		29,485		22,092
	$	114,704	$	168,020	$	139,207

(In thousands)	2025		2024		2023
Deferred:
Federal	$	7,760	$	1,616	$	2,347
State	1,183		247		358
	$	8,943	$	1,863	$	2,705
Total	$	123,647	$	169,883	$	141,912

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

For 2025, 2024 and 2023, the Company’s effective tax rate was 23.5%, 23.2%, and 23.4%, respectively. The following table provides a reconciliation of the differences between the effective income tax rate and the federal statutory tax rate for 2025, 2024 and 2023:


	Year Ended December 31,
(In thousands)	2025		Percent		2024		Percent		2023		Percent
Pre-tax income	$	526,588			$	733,608			$	607,277
Federal taxes at statutory rate	110,584		21.0	%	154,058		21.0	%	127,528		21.0	%
State and local taxes – net of federal tax benefit (1)	18,662		3.5	%	25,205		3.4	%	20,172		3.3	%




Nontaxable or nondeductible items	473		0.1	%	(2,655)		(0.4)	%	(1,812)		(0.3)	%

Federal tax credits	(4,453)		(0.8)	%	(3,562)		(0.5)	%	(1,991)		(0.3)	%
Other	(1,619)		(0.3)	%	(3,163)		(0.4)	%	(1,985)		(0.3)	%
Total	$	123,647	23.5	%	$	169,883	23.2	%	$	141,912	23.4	%

(1) The states that contributed to a majority (greater than 50%) of the tax effect in this category include Florida, Illinois and Minnesota for 2025, 2024 and 2023.

Income Tax Paid By Individual Jurisdiction

The amounts of cash taxes paid by the Company for 2025, 2024 and 2023 were as follows:


	Year Ended December 31,
(In thousands)	2025		%		2024		%		2023		%
Federal	$	105,822	81	%	$	137,735	86	%	$	124,620	83	%
State and local taxes:
Florida	7,822		6	%	5,476		3	%	9,301		6	%






Other	17,796		14	%	16,411		11	%	16,747		11	%
Total	$	131,440	100	%	$	159,622	100	%	$	150,668	100	%

In 2025 and 2023, the only jurisdiction with cash taxes paid that exceeded 5% of total income taxes paid was Florida. In 2024 there was no individual jurisdiction with cash taxes paid that equaled or exceeded 5% of total income taxes paid.