v3.22.4
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
The provision for income taxes on continuing operations for the years ended December 31, 2022, 2021 and 2020 is summarized as follows:
 Year Ended December 31,
 2022 2021 2020
Current:   
Federal$56,717 $49,105 $60,591 
State14,216 11,898 13,460 
 70,933 61,003 74,051 
Deferred: 
Federal(5,158)(716)(23,054)
State(1,338)(8)(4,755)
(6,496)(724)(27,809)
     TOTAL$64,437 $60,279 $46,242 
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of the federal statutory rate to the effective tax rate for income from continuing operations for the years ended December 31, 2022, 2021 and 2020, respectively, is comprised as follows:

 
 December 31,
 202220212020
Income tax expense at statutory rate21.0 %21.0 %21.0 %
State income taxes - net of federal benefit3.5 3.7 3.2 
Non-deductible expenses2.0 2.4 1.8 
Equity compensation(3.6)(3.3)(4.3)
Other adjustments(0.6)(0.4)(0.4)
TOTAL INCOME TAX PROVISION22.3 %23.4 %21.3 %
Schedule of Deferred Tax Assets and Liabilities
The Company's deferred tax assets and liabilities as of December 31, 2022 and 2021 are summarized below.

 December 31,
 2022 2021
Deferred tax assets (liabilities): 
Accrued expenses$61,685 $58,640 
Revenue related reserves18,046 13,171 
Tax credits1,742 2,138 
Insurance11,910 8,712 
Lease liability 364,408 285,643 
State taxes 28 (165)
457,819 368,139 
Valuation allowance(789)(789)
TOTAL DEFERRED TAX ASSETS457,030 367,350 
Depreciation and amortization(49,146)(45,827)
Prepaid expenses(5,150)(4,265)
Right of use asset (363,091)(284,111)
TOTAL DEFERRED TAX LIABILITIES(417,387)(334,203)
NET DEFERRED TAX ASSETS$39,643 $33,147