Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Provision For Income Taxes

The provision for income taxes from continuing operations consisted of the following:

	For the years ended December 31,
(in thousands)	2024		2023		2022
Current:
Federal	$	64,533	$	34,205	$	56,236
State and local	11,644		8,010		11,411
Foreign	1,053		—		—
Total current income tax provision	77,230		42,215		67,647
Deferred:
Federal	(14,663)		(53,476)		2,882
State and local	1,222		(7,278)		10,770
Foreign	(26)		(1,188)		(738)
Total deferred income tax provision	(13,467)		(61,942)		12,914
Provision (benefit) for income taxes	$	63,763	$	(19,727)	$	80,561

Schedule of Effective Income Tax Rate Reconciliation

The difference between the statutory rate for federal income tax and the effective income tax rate was as follows:

	For the years ended December 31,
	2024		2023		2022
Statutory rate	21.0	%	21.0	%	21.0	%
Effect of:
State and local income taxes, net of federal tax benefit	4.2		0.1		7.0
Non-deductible goodwill impairment	—		(18.6)		—
Excess tax benefits from stock-based compensation	1.5		(0.2)		(0.3)
Non-deductible expenses	1.5		(0.1)		0.2
Reserve for uncertain tax positions	1.0		—		0.7
Other	1.2		(0.2)		0.5
Effective income tax rate	30.4	%	2.0	%	29.1	%

Schedule of Deferred Income Tax (Liabilities) Assets

The approximate effect of the temporary differences giving rise to deferred income tax assets (liabilities) were as follows:

	As of December 31,
(in thousands)	2024		2023
Temporary differences:
Property and equipment	$	(38,383)	$	(39,414)
Goodwill and other intangible assets	(377,291)		(368,876)
Investments, primarily gains and losses not yet recognized for tax purposes	4,980		2,954
Accrued expenses not deductible until paid	11,912		9,869
Deferred compensation and retiree benefits not deductible until paid	29,013		31,662
Operating lease right-of-use assets	(29,829)		(32,034)
Operating lease liabilities	32,888		34,884
Interest limitation carryforward	59,070		38,290
Other temporary differences, net	12,599		10,999
Total temporary differences	(295,041)		(311,666)
Federal and state net operating loss carryforwards	12,332		16,283
Valuation allowance for state deferred tax assets	(10,880)		(11,997)
Net deferred tax liability	$	(293,589)	$	(307,380)

Schedule of Gross Unrecognized Tax Benefit Reconciliation

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:

	For the years ended December 31,
(in thousands)	2024		2023		2022
Gross unrecognized tax benefits at beginning of year	$	15,030	$	12,124	$	10,572
Increases in tax positions for prior years	6,055		3,321		2,965
Decreases in tax positions for prior years	(217)		(2)		(390)
Increases in tax positions for current year	7,483		257		796
Decreases from lapse in statute of limitations	(252)		(670)		(173)
Decreases due to settlements with taxing authorities	—		—		(1,646)
Gross unrecognized tax benefits at end of year	$	28,099	$	15,030	$	12,124