Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The components of income/(loss) before income taxes were as follows:

	Years Ended December 31,
(in thousands)	2022		2021		2020
Domestic	$	188,265	$	171,297	$	(63,025)
Foreign	94,055		70,771		33,040
	$	282,320	$	242,068	$	(29,985)

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

	Years Ended December 31,
(in thousands)	2022		2021		2020
Current:
Federal	$	36,983	$	32,983	$	(10,764)
State and local	6,057		3,711		(545)
Foreign	18,462		11,635		7,958
	61,502		48,329		(3,351)
Deferred:
Federal	2,705		(1,402)		(4,940)
State and local	466		1,888		(2,962)
Foreign	430		794		(451)
	3,601		1,280		(8,353)
	$	65,103	$	49,609	$	(11,704)

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

A reconciliation between income taxes computed at the federal statutory rate and the effective tax rate is as follows:

	Years Ended December 31,
(in thousands)	2022		2021		2020
Income taxes at federal statutory rate	21.0	%	21.0	%	21.0	%
Effects of foreign operations	(0.2)		(0.8)		10.3
Stock-based compensation	(0.5)		(2.4)		11.8
State and local income taxes - net of federal income tax benefit	2.0		2.1		12.9
Nondeductible items	0.5		1.2		(0.4)
Impact of tax reform	—		—		14.0
Global intangible low-taxed income ("GILTI")	—		—		(18.2)
Valuation allowance	0.1		(0.5)		(9.3)
Other	0.2		(0.1)		(3.1)
Effective tax rate	23.1	%	20.5	%	39.0	%

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

The components of deferred tax assets and liabilities were as follows:

	As of December 31,
(in thousands)	2022		2021
Deferred tax assets
Receivable allowances	$	7,049	$	8,313
Inventory	8,367		7,992
Accrued expenses	315		310
Deferred compensation	6,461		6,486
Net operating loss carryforwards	5,685		6,129
Lease liability	26,038		26,436
Other	1,042		1,169
Gross deferred tax assets before valuation allowance	54,957		56,835
Less: valuation allowance	(3,948)		(3,753)
Gross deferred tax assets after valuation allowance	51,009		53,082
Deferred tax liabilities
Depreciation and amortization	(16,704)		(16,144)
Unremitted earnings of foreign subsidiaries	(2,599)		(3,138)
Right-of-use asset	(21,621)		(20,365)
Amortization of goodwill	(7,599)		(7,578)
Indefinite-lived intangibles	(4,654)		(4,654)
Gross deferred tax liabilities	(53,177)		(51,879)
Net deferred tax (liabilities)/assets	$	(2,168)	$	1,203

Summary of Unrecognized Tax Benefits [Table Text Block]

	Years Ended December 31,
(in thousands)	2022		2021		2020
Beginning Balance	$	1,145	$	2,295	$	1,150
Additions for tax positions of prior years	—		—		1,145
Reductions for tax positions of prior years	—		(1,150)		—
Ending Balance	$	1,145	$	1,145	$	2,295