Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax

The amounts provided for income taxes were as follows:

	Year Ended December 31,
	2023		2022		2021
Current:
U.S. Federal	$	47,991	$	35,733	$	33,398
State	11,003		10,902		14,945
	58,994		46,635		48,343
Deferred:
U.S. Federal	5,301		11,079		11,399
State	631		4,147		3,065
	5,932		15,226		14,464
Total	$	64,926	$	61,861	$	62,807

Schedule of Deferred Tax Assets and Liabilities

The tax effect of temporary differences which give rise to a significant portion of deferred tax assets and liabilities is as follows:

	December 31, 2023		December 31, 2022
Deferred tax assets:
Employee benefit accruals	$	6,452	$	7,471
Impairment of investments	6,451		12,342
Impact of timing of settlement payments	6,210		9,054
Various U.S. federal and state tax loss carryforwards	1,284		1,828
Operating lease liabilities	3,000		2,328
Current expected credit losses	4,020		4,111
Other	2,564		3,000
	29,981		40,134
Less: Valuation allowance	(552)		(550)
Net deferred tax assets	$	29,429	$	39,584
Deferred tax liabilities:
Basis differences on non-consolidated entities	$	(38,413)	$	(39,884)
Basis differences on fixed and intangible assets	(33,354)		(34,794)
Basis differences on inventory	(9,776)		(11,165)
Basis differences on long-term investments	(1,943)		(2,777)
Operating lease right of use assets	(2,781)		(1,998)
Other	(1,132)		—
	$	(87,399)	$	(90,618)
Net deferred tax liabilities	$	(57,970)	$	(51,034)

Schedule of Effective Income Tax Rate Reconciliation

Differences between the amounts provided for income taxes and amounts computed at the federal statutory tax rate are summarized as follows:

	Year Ended December 31,
	2023		2022		2021
Income before provision for income taxes	$	248,452	$	220,562	$	209,961
Federal income tax expense at statutory rate	52,175		46,318		44,092
Increases (decreases) resulting from:
State income taxes, net of federal income tax benefits	10,640		10,585		13,946
Non-deductible expenses	3,867		3,511		6,205
Excess tax benefits on stock-based compensation	(320)		(285)		(561)
Changes in valuation allowance, net of equity and tax audit adjustments	2		202		(504)
Other	(1,438)		1,530		(371)
Income tax expense	$	64,926	$	61,861	$	62,807

Schedule of Unrecognized Tax Benefits

The following table summarizes the activity related to the unrecognized tax benefits:

Balance at January 1, 2021	$	1,653
Additions based on tax positions related to prior years	1,640
Settlements	(1,065)
Expirations of the statute of limitations	(19)
Balance at December 31, 2021	2,209
Additions based on tax positions related to prior years	1,409
Settlements	—
Expirations of the statute of limitations	(351)
Balance at December 31, 2022	3,267
Additions based on tax positions related to prior years	1,453
Settlements	(1,456)
Expirations of the statute of limitations	(266)
Balance at December 31, 2023	$	2,998