Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

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

Significant components of the net deferred tax assets as reflected on the Consolidated Balance Sheets are as follows:


	December 31,
(in thousands)	2023		2022

Deferred tax liabilities
Prepaid assets	$	(4,191)	$	(5,395)
Depreciation	(6,477)		(7,448)
Software development costs	—		(2,598)
Tenant improvements	(3,380)		(3,139)
Right-of-use leased assets	(16,624)		(16,371)
Intangibles	(2,595)		(2,247)
Total deferred tax liabilities	(33,267)		(37,198)

Deferred tax assets
Accrued incentive compensation	8,553		13,116
Net operating loss carryforward	332		407
Workers’ compensation accruals	4,588		5,358
Accrued rent	1,781		1,790
Software development costs	3,717		—
Stock-based compensation	14,332		12,255
Operating lease liabilities	20,007		19,508

Other	1,010		972
Total deferred tax assets	54,320		53,406
Valuation allowance	(706)		(675)
Total net deferred tax assets	53,614		52,731

Net deferred tax assets	$	20,347	$	15,533

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

The components of income tax expense are as follows:


	Year Ended December 31,
(in thousands)	2023		2022		2021

Current income tax expense
Federal	$	49,058	$	61,649	$	30,887
State	9,452		15,067		8,640
Total current income tax expense	58,510		76,716		39,527

Deferred income tax (benefit) expense
Federal	(3,887)		(8,844)		4,562
State	(927)		(1,797)		149
Total deferred income tax (benefit) expense	(4,814)		(10,641)		4,711
Total income tax expense	$	53,696	$	66,075	$	44,238

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

The reconciliation of income tax expense computed at U.S. federal statutory tax rates to the reported income tax expense from continuing operations is as follows:


	Year Ended December 31,
(in thousands)	2023		2022		2021

Expected income tax expense at 21%	$	47,266	$	51,539	$	35,347
State income taxes, net of federal benefit	6,540		10,106		6,974
Nondeductible expenses	5,455		4,338		7,362

Equity compensation, net	(4,386)		1,345		(4,427)
Research and development credit	(1,183)		(1,241)		(1,018)


Other, net	4		(12)		—
Reported total income tax expense	$	53,696	$	66,075	$	44,238