Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit), Continuing Operations

The provision for income taxes consists of the following (in thousands):

	YEARS ENDED DECEMBER 31,
	2023		2022		2021
Current tax expense:
Federal	$	16,530	$	17,535	$	15,617
State	5,998		6,400		5,765
Deferred tax expense	1,647		3,076		2,708
Total Income tax expense	$	24,175	$	27,011	$	24,090

Schedule of Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation

The provision for income taxes shown above varied from the statutory federal income tax rate for those periods as follows:

	YEARS ENDED DECEMBER 31,
	2023		2022		2021
Federal income tax rate	21.0	%	21.0	%	21.0	%
State income taxes, net of Federal tax effect	6.0		5.4		5.0
Non-deductible compensation and meals and entertainment	2.3		2.5		2.2
Tax credits	(0.8)		(1.2)		(2.2)
Tax benefit from restricted stock vesting	(0.8)		(1.0)		(2.6)
Other	0.7		(0.3)		0.9
Effective tax rate	28.4	%	26.4	%	24.3	%

Schedule of Components of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are composed of the following (in thousands):

	DECEMBER 31,
	2023		2022
Deferred tax assets:
Accounts receivable reserves	$	382	$	901
Accrued liabilities	1,345		2,855
Deferred compensation obligation	6,616		6,521
Stock-based compensation	1,475		902
Operating lease liabilities	4,071		5,411
Other	8		8
Deferred tax assets	13,897		16,598
Deferred tax liabilities:
Prepaid expenses	(367)		(359)
Fixed assets	(4,307)		(4,694)
Goodwill	(2,401)		(2,408)
ROU assets for operating leases	(3,684)		(4,397)
Partnership basis difference	—		46
Deferred tax liabilities	(10,759)		(11,812)
Valuation allowance	—		—
Total Deferred tax assets, net	$	3,138	$	4,786