Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income (Loss) Before Income Taxes

The Company’s pretax income is associated with activities in domestic and international jurisdictions, as follows:

	Year Ended December 31,
	2022			2021			2020
Income Before Provision for Taxes
Domestic	$	237,635		$	235,453		$	260,361
International		(36,164	)		(16,004	)		(12,400	)
Total	$	201,471		$	219,449		$	247,961

Summary of Income Tax Expense

The Provision for Income Taxes consists of the following:

	Year Ended December 31,
	2022		2021		2020
Current
Federal Income Tax	$	22,492	$	13,673	$	20,306
State and Local Income Tax		10,664		6,096		7,747
Foreign Income Tax		1,759		2,629		571
		34,915		22,398		28,624
Deferred
Federal Income Tax		534		6,742		2,308
State and Local Income Tax		1,151		345		300
Foreign Income Tax		99		9		4,303
		1,784		7,096		6,911
Provision for Taxes	$	36,699	$	29,494	$	35,535

Summary of Company's Tax Position

The following table summarizes the Company’s tax position:

	Year Ended December 31,
	2022			2021			2020
Income Before Provision for Taxes	$	201,471		$	219,449		$	247,961
Provision for Taxes	$	36,699		$	29,494		$	35,535
Effective Income Tax Rate		18.2	%		13.4	%		14.3	%

U.S Federal Statutory Tax Rate Reconciliation to the Effective Income Tax Rate

The following table reconciles the U.S. federal statutory tax rate to the effective income tax rate:

	Year Ended December 31,
	2022			2021			2020
Expected Income Tax Expense at the    Federal Statutory Rate		21.0	%		21.0	%		21.0	%
Permanent Differences for Compensation		-0.8	%		-2.2	%		-0.1	%
Income Not Subject to    U.S. Corporate Income Taxes		-8.3	%		-8.7	%		-8.3	%
Foreign Income Taxes		0.8	%		1.2	%		0.7	%
State and Local Income Taxes, Net of    Federal Benefit		3.9	%		2.5	%		2.9	%
Return to Provision		0.8	%		-0.1	%		-0.4	%
Rate Change Impact		0.3	%		-0.5	%		0.0	%
Tax Benefit from NOL Carryback under the CARES Act		—			—			-1.5	%
Other		0.5	%		0.2	%		0.0	%
Effective Income Tax Rate		18.2	%		13.4	%		14.3	%

Summary of the Tax Effects of Temporary Differences

A summary of the tax effects of the temporary differences is as follows:

	December 31,
	2022		2021
Deferred Tax Assets
Operating Lease Liabilities	$	16,459	$	19,818
Tax Basis Step-Up from Blackstone		11,252		15,028
Deferred Compensation		24,835		16,939
Partner Exchange Basis Step-Up		38,966		36,350
Other		2,427		4,349
Total Deferred Tax Assets	$	93,939	$	92,484
Deferred Tax Liabilities
Operating Lease Right-of-Use Assets	$	14,398	$	17,306
Intangible Assets		2,071		1,654
Fixed Assets		857		1,612
Other		7,441		8,130
Total Deferred Tax Liabilities		24,767		28,702
Deferred Tax Asset, Net	$	69,172	$	63,782