XML 19 R30.htm IDEA: XBRL DOCUMENT
v3.20.1

TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
TAXES |
Schedule of income tax provision (benefit) | The Company’s income tax provision (benefit) consists of the following (in thousands):
|  | Years ended December 31, |
|  | 2019 |  | 2018 |  | 2017 |
Federal |  | $ | 6,080 |  | $ | 8,680 |  | $ | 9,933 |
State |  |  | 336 |  |  | 518 |  |  | 417 |
Current tax provision |  |  | 6,416 |  |  | 9,198 |  |  | 10,350 |
Federal |  |  | 1,215 |  |  | (659) |  |  | 3,738 |
State |  |  | 129 |  |  | 12 |  |  | 73 |
Deferred tax provision (benefit) |  |  | 1,344 |  |  | (647) |  |  | 3,811 |
Total tax provision |  | $ | 7,760 |  | $ | 8,551 |  | $ | 14,161 |
Schedule of income tax provision differences to federal statutory rate |
|  | Years ended December 31, |  |
|  | 2019 |  | 2018 |  | 2017 |  |
Federal tax at the statutory rate |  | 21.00 | % | 21.00 | % | 35.00 | % |
State tax (net of federal benefit) |  | 1.00 | % | 0.99 | % | 1.00 | % |
Permanent items |  | 0.90 | % | 0.90 | % | 0.34 | % |
Tax credits |  | (0.84) | % | (1.08) | % | (0.82) | % |
Excess tax benefits on stock-based compensation |  | (2.49) | % | (1.94) | % | (3.42) | % |
Tax Cuts and Jobs Act of 2017 |  | — | % | — | % | 3.57 | % |
Other |  | 0.04 | % | 0.19 | % | — | % |
|  | 19.61 | % | 20.06 | % | 35.67 | % |
Schedule of components of the deferred income tax assets and liabilities | The components of the deferred income tax assets and liabilities at December 31, 2019 and 2018, as presented in the consolidated balance sheets, are as follows (in thousands):
|  | 2019 |  | 2018 |
DEFERRED TAX ASSETS |  |  |  |  |  |  |
Stock-based compensation |  | $ | 2,613 |  | $ | 2,018 |
Compensation and benefits |  |  | 623 |  |  | 466 |
Bad debt reserves |  |  | — |  |  | 1 |
Accrued expenses |  |  | 307 |  |  | 679 |
Fixed assets and depreciation |  |  | — |  |  | 1,048 |
Base stock |  |  | 4 |  |  | 4 |
Other reserves |  |  | 5 |  |  | — |
Right of use lease liability |  |  | 3,457 |  |  | — |
NOLs & credit carry-forwards |  |  | 1,444 |  |  | 1,761 |
Deferred income tax asset |  | $ | 8,453 |  | $ | 5,977 |
DEFERRED TAX LIABILITIES |  |  |  |  |  |  |
Intangibles and amortization |  | $ | (341) |  | $ | (600) |
Prepaid expenses |  |  | (1,354) |  |  | (1,067) |
Bad debt reserves |  |  | (32) |  |  | — |
Fixed assets and depreciation |  |  | (519) |  |  | — |
Real estate taxes |  |  | — |  |  | (180) |
Right of use asset |  |  | (3,454) |  |  | — |
Other reserves |  |  | — |  |  | (5) |
Federal deduction on deferred state taxes |  |  | (70) |  |  | (98) |
Deferred income tax liability |  | $ | (5,770) |  | $ | (1,950) |
NET DEFERRED INCOME TAX ASSET |  | $ | 2,683 |  | $ | 4,027 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration