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Income taxes (Tables) | 12 Months Ended
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Mar. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of Components of Income (Loss) Before Income Taxes | The components of income (loss) before provision for income taxes are as follows (in thousands):
| Year ended March 31, |  | Three months ended March 31, (transition period) |  | Year ended December 31,
| 2020 |  | 2019 |  | 2018 |  | 2017
Domestic | $ | 24,479 |  |  | $ | (21,673 | ) |  | $ | 17,405 |  |  | $ | 22,409 |
Foreign | (410 | ) |  | 500 |  |  | 551 |  |  | 60 |
Total | $ | 24,069 |  |  | $ | (21,173 | ) |  | $ | 17,956 |  |  | $ | 22,469 |
Schedule of Components of (Provision) Benefit for Income Taxes | The components of the benefit (provision) for income taxes are as follows (in thousands):
| Year ended March 31, |  | Three months ended March 31, (transition period) |  | Year ended December 31,
| 2020 |  | 2019 |  | 2018 |  | 2017
Current: |  |  |  |  |  |  |  |
U.S. federal | $ | (2,681 | ) |  | $ | (13 | ) |  | $ | (2,414 | ) |  | $ | (2,058 | )
State | (1,066 | ) |  | (139 | ) |  | (948 | ) |  | (369 | )
Foreign | 5 |  |  | (22 | ) |  | (8 | ) |  | — |
Total current | (3,742 | ) |  | (174 | ) |  | (3,370 | ) |  | (2,427 | )
Deferred: |  |  |  |  |  |  |  |  |  |  |
U.S. federal | (2,532 | ) |  | 3,096 |  |  | 1,005 |  |  | 13,246 |
State | 99 |  |  | 368 |  |  | 101 |  |  | (21 | )
Foreign | (10 | ) |  | (31 | ) |  | (167 | ) |  | 208 |
Total deferred | (2,443 | ) |  | 3,433 |  |  | 939 |  |  | 13,433 |
Total (provision) benefit for income taxes | $ | (6,185 | ) |  | $ | 3,259 |  |  | $ | (2,431 | ) |  | $ | 11,006 |
Schedule of Reconciliation of Federal Statutory Rate to Company's Effective Tax Rate | The following table presents a reconciliation of the federal statutory rate to the Company’s effective tax rate:
| Year ended March 31, |  | Three months ended March 31, (transition period) |  | Year ended December 31,
| 2020 |  | 2019 |  | 2018 |  | 2017
Federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | % |  | 35.0 | %
Federal tax deferred rate change | — | % |  | — | % |  | — | % |  | (53.8 | )%
State tax, net of federal benefit | 3.7 | % |  | 1.2 | % |  | 2.6 | % |  | 0.6 | %
State tax deferred rate change, net of federal benefit | 0.1 | % |  | — | % |  | 0.9 | % |  | 0.9 | %
Nondeductible business expenses | 0.8 | % |  | (0.1 | )% |  | 1.4 | % |  | — | %
Provision-to-return adjustment | — | % |  | — | % |  | (3.9 | )% |  | — | %
Uncertain tax positions | (0.2 | )% |  | (0.1 | )% |  | (1.3 | )% |  | (1.7 | )%
Stock based compensation | (0.4 | )% |  | (6.1 | )% |  | (8.6 | )% |  | (28.1 | )%
Others | 0.7 | % |  | (0.5 | )% |  | 1.4 | % |  | (1.9 | )%
Effective tax rate | 25.7 | % |  | 15.4 | % |  | 13.5 | % |  | (49.0 | )%
Schedule of Components of Net Deferred Taxes | The deferred tax assets and liabilities are reported in the accompanying balance sheets as follows (in thousands):
| March 31, 2020 |  | March 31, 2019 |  | December 31, 2018
Deferred tax assets | $ | 15 |  |  | $ | 25 |  |  | $ | 56 |
Deferred tax liabilities | 21,892 |  |  | 16,753 |  |  | 20,217 |
Net deferred tax liabilities | $ | 21,877 |  |  | $ | 16,728 |  |  | $ | 20,161 |
The components of net deferred taxes arising from temporary differences are as follows (in thousands):
| March 31, 2020 |  | March 31, 2019 |  | December 31, 2018
Deferred tax assets: |  |  |  |  |
Compensation | $ | 760 |  |  | $ | 895 |  |  | $ | 928 |
Inventories and receivables | 3,472 |  |  | 2,915 |  |  | 3,008 |
Accrued expenses | 1,996 |  |  | 667 |  |  | 424 |
Stock compensation | 3,706 |  |  | 3,627 |  |  | 5,175 |
Net operating losses | 92 |  |  | 236 |  |  | 43 |
Right of use liability | 3,443 |  |  | 4,643 |  |  | — |
Other | 558 |  |  | 736 |  |  | 898 |
Deferred tax assets | 14,027 |  |  | 13,719 |  |  | 10,476 |
Deferred tax liabilities: |  |  |  |  |
Goodwill | 3,468 |  |  | 2,857 |  |  | 2,618 |
Fixed assets | 3,294 |  |  | 1,734 |  |  | 2,405 |
Intangible assets | 25,287 |  |  | 24,077 |  |  | 24,591 |
Right of use asset | 3,292 |  |  | 887 |  |  | — |
Other | 563 |  |  | 892 |  |  | 1,023 |
Deferred tax liabilities | 35,904 |  |  | 30,447 |  |  | 30,637 |
Net deferred tax liabilities | $ | 21,877 |  |  | $ | 16,728 |  |  | $ | 20,161 |
Schedule of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
| Year ended March 31, |  | Three months ended March 31, (transition period) |  | Year ended December 31,
| 2020 |  | 2019 |  | 2018 |  | 2017
Balance at beginning of year | $ | 581 |  |  | $ | 571 |  |  | $ | 764 |  |  | $ | 1,208 |
Increases for prior year tax positions | 32 |  |  | — |  |  | — |  |  | 63 |
Increases for current year tax positions | 90 |  |  | 10 |  |  | 173 |  |  | 68 |
Decreases for prior year tax positions | — |  |  | — |  |  | (8 | ) |  | (1 | )
Decreases due to settlements | (29 | ) |  | — |  |  | — |  |  | (32 | )
Decreases due to statutes lapsing | (197 | ) |  | — |  |  | (358 | ) |  | (542 | )
Balance at end of year | $ | 477 |  |  | $ | 581 |  |  | $ | 571 |  |  | $ | 764 |

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