Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income (loss) Before Income Taxes and Equity Income

The United States and foreign components of income before income taxes and equity in earnings in affiliates are as follows:

	2022		2021		2020
	(In thousands)
Income before income taxes and equity in earnings in affiliates
United States	$	205,360	$	161,856	$	96,428
Foreign		24,460		30,966		27,700
Income before income taxes and equity in earnings in affiliates	$	229,820	$	192,822	$	124,128

Schedule of Provision for Income Taxes

The provision for income taxes consists of the following components:

	2022			2021			2020
	(In thousands)
Federal income taxes:
Current	$	25,699		$	20,006		$	8,259
Deferred		17,328			71,202			(255	)
		43,027			91,208			8,004
State income taxes:
Current		10,422			8,564			4,146
Deferred		3,960			18,587			47
		14,382			27,151			4,193
Foreign income taxes (benefit):
Current		39,904			7,780			(3,163	)
Deferred		(34,414	)		(3,409	)		11,429
		5,490			4,371			8,266
Total U.S. and foreign provision for income taxes	$	62,899		$	122,730		$	20,463

Reconciliation of the Statutory U.S. Federal Tax Rate (21%) and the Effective Income Tax Rate

A reconciliation of the statutory U.S. federal tax rate of 21% and the effective income tax rate is as follows:

	2022			2021			2020
	(In thousands)
Provisions using statutory federal income tax rate	$	48,262		$	40,492		$	26,067
State income taxes, net of federal tax benefit		12,738			7,921			3,099
REIT benefit		—			—			(12,271	)
Change in valuation allowance		(242	)		389			(1,775	)
Federal tax credits		(1,742	)		(1,414	)		(2,015	)
Foreign income taxes		1,932			3,802			1,373
Tax impact of vested equity compensation		2,100			3,621			3,628
Impact of REIT termination		—			70,813			—
Change in contingent tax liability		452			(4,339	)		143
Asset divestiture		(5,596	)		—			—
Other, net		4,995			1,445			2,214
Total provision for income taxes	$	62,899		$	122,730		$	20,463

Schedule of Deferred Tax Assets and Liabilities

The following table presents the breakdown between non-current net deferred tax assets as classified on the balance sheets as of December 31, 2022 and 2021:

	2022			2021
	(In thousands)
Deferred tax assets - non-current	$	8,005		$	—
Deferred tax liabilities - non-current		(75,849	)		(80,768	)
Total net deferred tax assets	$	(67,844	)	$	(80,768	)

The significant components of the Company's deferred tax assets and liabilities consisted of the following as of December 31, 2022 and 2021:

	2022			2021
Deferred tax assets:	(In thousands)
Net operating losses	$	17,457		$	18,022
Accrued liabilities		34,333			29,473
Deferred compensation		14,437			19,052
Accrued compensation		6,928			6,694
Deferred revenue		1,654			21,134
Tax credits		4,423			3,065
Equity awards		3,322			3,694
Operating lease liability		23,556			28,756
Other, net		910			1,212
Valuation allowance		(21,016	)		(19,322	)
Total deferred tax assets	$	86,004		$	111,780
Deferred tax liabilities:
Depreciation	$	(85,402	)	$	(59,057	)
Intangible assets		(46,228	)		(48,935	)
Capitalized transaction costs		—			(15,229	)
Accounting method change		—			(2,334	)
Prepaid expenses and other		(16	)		(39,739	)
Lease right-of-use assets		(22,202	)		(27,254	)
Total deferred tax liabilities	$	(153,848	)	$	(192,548	)
Total net deferred tax assets (liabilities)	$	(67,844	)	$	(80,768	)

Schedule of Unrecognized Tax Benefits

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

	2022			2021			2020
	(In thousands)
Balance at Beginning of Period	$	1,105		$	5,623		$	5,469
Additions based on tax positions related to the current year		581			133			44
Additions for tax positions of prior years		57			57			166
Reductions as a result of a lapse of applicable statutes of limitations		(223	)		(4,708	)		(56	)
Balance at End of Period	$	1,520		$	1,105		$	5,623