INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

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)	2025		2024		2023
Income before income taxes
Domestic	$	664,780	$	592,704	$	548,428
Foreign	36,146		37,526		37,829
Total income from continuing operations before income taxes	$	700,926	$	630,230	$	586,257

For the years ended December 31, income taxes paid consisted of the following:

(in thousands)	2025		2024		2023
Federal (1)	$	111,662	$	93,748	$	109,568
State	35,718		36,635		39,426
Foreign	15,520		15,255		10,160
Total income taxes paid (net of refunds)	$	162,900	$	145,638	$	159,154

(1) 2025 amount includes $56.2 million paid to third parties to purchase federal investment tax credits.

Schedule of Company's Income Tax Provision

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

	2025		2024		2023
(in thousands)
Current:
Federal	$	105,940	$	126,246	$	112,647
State	35,326		36,328		33,516
Foreign	13,803		11,613		12,781
Total current tax expense	155,069		174,187		158,944
Deferred:
Federal	17,541		(6,848)		(2,349)
State	5,253		(2,336)		(2,925)
Foreign	(3,642)		(1,152)		(2,370)
Total deferred tax expense (benefit)	19,152		(10,336)		(7,644)
Total income tax provision	$	174,221	$	163,851	$	151,300

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:

	2025					2024				2023
(in thousands)	$		%			$		%		$		%
Income tax at statutory rate	$	147,210	21.0	%		$	132,361	21.0	%	$	123,114	21.0	%
State and local income taxes, net of federal income tax effect (1)	32,485		4.6	%		26,647		4.2	%	23,653		4.0	%
Foreign tax effects	3,330		0.5	%		3,303		0.5	%	841		0.1	%
Effect of changes in tax laws or rates enacted in the current period	—		—	%		—		—	%	—		—	%
Effect of cross-border tax laws	(883)		(0.1)	%		384		0.1	%	505		0.1	%
Tax credits:
Investment tax credits	(7,687)		(1.1)	%		—		—	%	—		—	%
Other tax credits	(1,506)		(0.2)	%		(1,308)		(0.2)	%	(1,300)		(0.2)	%
Changes in valuation allowances	—		—	%		—		—	%	—		—	%
Nontaxable or nondeductible items	2,893		0.5	%		2,163		0.3	%	1,940		0.3	%
Changes in unrecognized tax benefits	(1,411)		(0.2)	%		44		—	%	958		0.2	%
Other adjustments	(210)		(0.1)	%		257		0.1	%	1,589		0.3	%
Total income tax provision	$	174,221	24.9	%	—	$	163,851	26.0	%	$	151,300	25.8	%

(1) State taxes in California, Florida, Georgia, Illinois, and New Jersey make up the majority (greater than 50 percent) of the tax effect in this category.

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, 2025 and 2024 are as follows:

	2025		2024
(in thousands)
Deferred tax assets:
Employee compensation and benefits	$	16,644	$	15,146
Unearned revenues	16,056		15,243
Insurance reserves	31,285		29,773
Lease liabilities	103,960		118,382
Non-amortizable intangible assets	8,680		7,792
Other deferred tax assets	14,129		16,415
Total deferred tax assets	190,754		202,751
Valuation allowance	(8,680)		(7,792)
Net deferred tax assets	$	182,074	$	194,959
Deferred tax liabilities:
Fixed assets and depreciation	$	11,546	$	9,599
Intangible assets	106,162		93,872
Right of use assets	99,649		102,299
Total deferred tax liabilities	$	217,357	$	205,770
Net deferred taxes
Deferred tax assets	1,715		4,841
Deferred tax liabilities	(36,998)		(15,652)
Net deferred taxes	$	(35,283)	$	(10,811)

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, 2023	$	6,883
Charged to income tax expense	909
Charged to other accounts	—
December 31, 2024	7,792
Charged to income tax expense	888
Charged to other accounts	—
December 31, 2025	$	8,680

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:

(in thousands)	2025		2024		2023
Unrecognized tax benefits at beginning of year	$	1,584	$	1,784	$	1,394
Additions for tax positions of prior years	—		—		653
Reductions for tax positions of prior years	(844)		(39)		(263)
Settlements with taxing authorities	(614)		(161)		—
Unrecognized tax benefits at end of year	$	126	$	1,584	$	1,784

Schedule of Income Taxes Paid Net Of Refunds

For the years ended December 31, income taxes paid (net of refunds) exceeded 5 percent of total income taxes paid (net of refunds) in the following jurisdictions:

(in thousands)	2025		2024		2023
State
California	$	8,489	$	8,642	$	11,862
Foreign
Canada	$	11,149	$	11,397	*

*Jurisdiction below the threshold for the period presented