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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities were comprised of the following at December 31, 2021 and 2020:
(In thousands) | 2021 |  | 2020
Deferred tax assets: |  |  |
Accounts receivable and financing receivables | $ | 625 |  |  | $ | 773 |
Accrued vacation | 678 |  |  | 691 |
Stock-based compensation | 1,905 |  |  | 2,568 |
Deferred revenue | 988 |  |  | 283 |
Accrued severance | 44 |  |  | 4 |
Accrued liabilities | 15 |  |  | — |
Right of use asset | 1,740 |  |  | — |
Credits | 2,472 |  |  | 3,274 |
Net operating loss | 3,560 |  |  | 4,301 |
Deferred tax assets | 12,027 |  |  | 11,894 |
Less: Valuation allowance | 622 |  |  | 636 |
Total deferred tax assets | $ | 11,405 |  |  | $ | 11,258 |
Deferred tax liabilities: |  |  |
Intangible assets | $ | 18,002 |  |  | $ | 19,603 |
Accrued liabilities and other | 4,668 |  |  | 956 |
Fixed assets | 875 |  |  | 1077 |
Right of use liability | $ | 1,740 |  |  | $ | — |
Total deferred tax liabilities | $ | 25,285 |  |  | $ | 21,636 |
Total net deferred tax liability | $ | (13,880) |  |  | $ | (10,378) |
Components of Income Tax Provision | Significant components of the income tax provision for the years ended December 31, 2021, 2020 and 2019 were as follows:
(In thousands) | 2021 |  | 2020 |  | 2019
Current provision: |  |  |  |  |
Federal | $ | 731 |  |  | $ | 244 |  |  | $ | 860 |
State | 413 |  |  | 1,539 |  |  | 1,357 |
Deferred provision: |  |  |  |  |
Federal | 3,331 |  |  | 2,766 |  |  | 951 |
State | 171 |  |  | (11) |  |  | 60 |
Total income tax provision | $ | 4,646 |  |  | $ | 4,538 |  |  | $ | 3,228 |
Reconciliation to Federal Statutory Income Tax Rate | The difference between income taxes at the U.S. federal statutory income tax rate of 21% for the years ended December 31, 2021, 2020 and 2019, and those reported in the consolidated statements of operations for the years ended December 31, 2021, 2020 and 2019 are as follows:
(In thousands) | 2021 |  | 2020 |  | 2019
Income taxes at U.S. federal statutory rate | $ | 4,846 |  |  | $ | 3,945 |  |  | $ | 4,976 |
Provision-to-return adjustments | 117 |  |  | 455 |  |  | (66) |
State income tax, net of federal tax effect | 509 |  |  | 908 |  |  | 978 |
Tax credits | (1,274) |  |  | (958) |  |  | (2,196) |
Contingent consideration | — |  |  | — |  |  | (1,050) |
Stock-based compensation | (74) |  |  | 255 |  |  | 151 |
Change in valuation allowance | (14) |  |  | (165) |  |  | 173 |
Non-deductible compensation - 162(m) | 510 |  |  | — |  |  | — |
Other | 26 |  |  | 98 |  |  | 262 |
Total income tax provision | $ | 4,646 |  |  | $ | 4,538 |  |  | $ | 3,228 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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