XML 49 R31.htm IDEA: XBRL DOCUMENT v3.25.0.1

TAXES (Tables)

12 Months Ended

Dec. 31, 2024

TAXES

Schedule of income tax provision (benefit)

The Company’s income tax provision (benefit) consists of the following (in thousands):

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Years ended December 31,								​
​		2024			2023			2022
Federal		$	26,441		$	23,312		$	16,379	​
State	​		2,925	​		2,699	​		1,765	​
Current tax provision	​		29,366	​		26,011	​		18,144	​
Federal	​		(8,737)	​		(21)	​		3,009	​
State	​		(999)	​		89	​		390	​
Deferred tax provision	​		(9,736)	​		68	​		3,399	​
Total tax provision		$	19,630		$	26,079		$	21,543	​

Schedule of income tax provision differences to federal statutory rate

​

​	​	​	​	​	​	​	​	​
​	​	Years ended December 31,					​	​
​		2024		2023		2022	​	​
Federal tax at the statutory rate		21.00	%	21.00	%	21.00	%	​
State tax (net of federal benefit)		1.75	%	1.96	%	1.58	%	​
Permanent items		0.36	%	1.85	%	1.47	%	​
Tax credits		(0.39)	%	(0.35)	%	(0.36)	%	​
Excess tax benefits on stock-based compensation	​	(1.42)	%	(0.41)	%	(4.31)	%	​
Change in Tax Rate and Apportionment	​	(0.01)	%	0.02	%	(0.02)	%	​
Other		(0.05)	%	(0.04)	%	0.40	%	​
​		21.24	%	24.03	%	19.76	%	​

Schedule of components of the deferred income tax assets and liabilities

The components of the deferred income tax assets and liabilities at December 31, 2024 and 2023, as presented in the consolidated balance sheets, are as follows (in thousands):

​

​	​	​	​	​	​	​	​
​		2024			2023
DEFERRED TAX ASSETS	​	​	​	​	​	​	​
Stock-based compensation		$	3,806		$	3,489	​
Compensation and benefits	​		822	​		761	​
Accrued expenses	​		7,575	​		701	​
Right of use lease liability	​	​	3,299	​	​	3,513	​
Federal deduction on state taxes	​	​	221	​	​	429	​
Bad debt reserves	​		35	​		17	​
Other reserves	​	​	94	​	​	95	​
NOLs & credit carry-forwards	​		442	​		498	​
Deferred income tax asset		$	16,294		$	9,503	​
DEFERRED TAX LIABILITIES	​	​	​	​	​	​	​
Prepaid expenses	​	$	(1,897)	​	$	(1,907)	​
Fixed assets and depreciation	​		(24,349)	​		(27,103)	​
Right of use asset	​	​	(3,283)	​	​	(3,490)	​
Base stock	​		(113)	​		(87)	​
Deferred income tax liability		$	(29,642)		$	(32,587)	​
​	​	​	​	​	​	​	​
NET DEFERRED INCOME TAX LIABILITY		$	(13,348)		$	(23,084)	​

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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration