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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Continuing Operations Before Income Taxes | The components of income from continuing operations before income taxes were as follows (in thousands):
| For the years ended December 31,
| 2024 |  | 2023 |  | 2022
Domestic | $ | 41,599 |  |  | $ | 52,137 |  |  | $ | 36,694 |
Foreign | 4,881 |  |  | 4,776 |  |  | (983) |
Income from continuing operations before income taxes | $ | 46,480 |  |  | $ | 56,913 |  |  | $ | 35,711 |
Schedule of Components of Provision for Income Taxes | The components of the provision for income taxes from continuing operations were as follows (in thousands):
| For the years ended December 31,
| 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |
Federal | $ | 11,670 |  |  | $ | 11,556 |  |  | $ | 9,483 |
State | 2,132 |  |  | 2,205 |  |  | 1,485 |
Foreign | 1,573 |  |  | 1,138 |  |  | 35 |
Total current | 15,375 |  |  | 14,899 |  |  | 11,003 |
Deferred: |  |  |  |  |
Federal | (4,725) |  |  | (1,148) |  |  | (1,890) |
State | (489) |  |  | 3 |  |  | (61) |
Foreign | (179) |  |  | 7 |  |  | — |
Total deferred | (5,393) |  |  | (1,138) |  |  | (1,951) |
Provision for income taxes | $ | 9,982 |  |  | $ | 13,761 |  |  | $ | 9,052 |
Schedule of Effective Income Tax Reconciliation | A reconciliation of the provision for income taxes from continuing operations to the amount computed by applying the statutory federal income tax rate is as follows (in thousands):
| For the years ended December 31,
| 2024 |  | 2023 |  | 2022
Tax at statutory federal income tax rate | $ | 9,761 |  |  | $ | 11,952 |  |  | $ | 7,499 |
Increases (decreases) in tax resulting from: |  |  |  |  |
State taxes, net of federal tax benefit | 1,738 |  |  | 2,019 |  |  | 1,459 |
Permanent differences, net | (634) |  |  | (193) |  |  | 287 |
Tax credits | (454) |  |  | (461) |  |  | (418) |
Prior year true-up adjustment | (931) |  |  | 269 |  |  | (45) |
Valuation allowance | 378 |  |  | 77 |  |  | 324 |
Other provision adjustments | 124 |  |  | 98 |  |  | (54) |
Provision for income taxes | $ | 9,982 |  |  | $ | 13,761 |  |  | $ | 9,052 |
Effective tax rate | 21.5 | % |  | 24.2 | % |  | 25.3 | %
Schedule of Deferred Tax Assets and Liabilities | The tax effect of temporary differences representing deferred tax assets and liabilities was as follows (in thousands):
| As of December 31,
| 2024 |  | 2023
Deferred compensation and accrued paid leave | $ | 2,767 |  |  | $ | 3,003 |
Accrued expense | 2,094 |  |  | 1,429 |
Inventory reserve | 23,463 |  |  | 13,980 |
Operating lease liabilities | 14,362 |  |  | 6,249 |
Stock-based compensation | 2,084 |  |  | 1,697 |
Capitalized inventory | 1,741 |  |  | 1,335 |
US operating and capital loss carryforward | 12,777 |  |  | 7,637 |
Disallowed interest expense | 9,450 |  |  | 1,663 |
Tax credit carryforward | 1,421 |  |  | 1,492 |
Foreign country operating loss carryforward | 1,364 |  |  | 806 |
Interest capitalized | 2,030 |  |  | — |
Transaction costs | 357 |  |  | — |
| 73,910 |  |  | 39,291 |
Valuation allowance (a) | (19,301) |  |  | (9,906) |
Total gross deferred tax assets | 54,609 |  |  | 29,385 |
Interest rate swaps | (1,021) |  |  | (708) |
Depreciation | (3,959) |  |  | (2,925) |
Goodwill and intangible assets | (38,279) |  |  | (26,666) |
Operating lease right-of-use assets | (10,962) |  |  | (5,939) |
Other | (270) |  |  | (132) |
Total gross deferred tax liabilities | (54,491) |  |  | (36,370) |
Net deferred tax assets (liabilities) (b) | $ | 118 |  |  | $ | (6,985) |
(a) A valuation allowance was provided against US capital loss in connection with the stock sale of Prime Turbines, certain state net operating loss, tax credit, and foreign tax loss deferred tax assets arising from carryforwards of unused tax benefits.
(b) Deferred tax assets are included within other assets in our consolidated balance sheets.

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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