INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

For the years ended December 31, income from continuing operations before income taxes consisted of the following:

(in thousands)	2024		2023		2022
Income before income taxes
Domestic	$	592,704	$	548,428	$	465,991
Foreign	37,526		37,829		32,926
Total income from continuing operations before income taxes	$	630,230	$	586,257	$	498,917

Schedule of Company's Income Tax Provision

For the years ended December 31, the Company’s income tax provision consisted of the following:

	2024		2023		2022
(in thousands)
Current:
Federal	$	126,246	$	112,647	$	92,793
State	36,328		33,516		26,786
Foreign	11,613		12,781		9,144
Total current tax expense	174,187		158,944		128,723
Deferred:
Federal	(6,848)		(2,349)		(333)
State	(2,336)		(2,925)		2,011
Foreign	(1,152)		(2,370)		(83)
Total deferred tax (benefit) expense	(10,336)		(7,644)		1,595
Total income tax provision	$	163,851	$	151,300	$	130,318

Schedule of Primary Factors Causing Income Tax Expense to be Different than the Federal Statutory Rate

The following table presents the principal components of the difference between the effective tax rate and the U.S. federal statutory income tax rate for the years ended December 31:

	2024		2023		2022
(in thousands)
Income tax at statutory rate	$	132,348	$	123,114	$	104,773
State income tax expense (net of federal benefit)	26,854		24,167		22,750
Foreign tax rate differential	2,071		1,948		1,907
Tax on unremitted earnings	355		1,408		549
Federal tax credits	(1,296)		(1,362)		(616)
Permanent items	2,773		2,239		445
Other reconciling items	746		(214)		510
Total income tax provision	$	163,851	$	151,300	$	130,318

Schedule of Significant Components of the Company's Deferred Tax Assets and Liabilities

The Company’s deferred tax assets and liabilities as of December 31, 2024 and 2023 are as follows:

	2024		2023
(in thousands)
Deferred tax assets:
Employee compensation and benefits	$	15,146	$	15,451
Unearned revenues	15,243		13,998
Insurance reserves	29,773		24,152
Lease liabilities	118,382		90,486
Non-amortizable intangible assets	7,792		6,883
Other deferred tax assets	16,415		14,944
Total deferred tax assets	202,751		165,914
Valuation allowance	(7,792)		(6,883)
Net deferred tax assets	$	194,959	$	159,031
Deferred tax liabilities:
Fixed assets and depreciation	$	9,599	$	12,430
Intangible assets	93,872		81,194
Right of use assets	102,299		81,971
Other deferred tax liabilities	—		—
Total deferred tax liabilities	$	205,770	$	175,595
Net deferred taxes
Deferred tax assets	4,841		2,294
Deferred tax liabilities	(15,652)		(18,858)
Net deferred taxes	$	(10,811)	$	(16,564)

Schedule of Analysis of the Valuation Allowance

The changes in the Company’s valuation allowance for deferred tax assets are as follows:

(in thousands)
December 31, 2022	$	—
Charged to income tax expense	962
Charged to other accounts	5,921
December 31, 2023	6,883
Charged to income tax expense	909
Charged to other accounts	—
December 31, 2024	$	7,792

Schedule of Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

December 31,	2024		2023		2022
(in thousands)
Unrecognized tax benefits at beginning of year	$	1,784	$	1,394	$	1,018
Additions for tax positions of prior years	—		653		376
Reductions for tax positions of prior years	(39)		(263)		—
Settlements with taxing authorities	(161)		—		—
Unrecognized tax benefits at end of year	$	1,584	$	1,784	$	1,394