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Note 9 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Years Ended December 31,
		2017				2016				2015
Current
Federal		$	3,117			$	3,120			$	3,131
State			551				651				580
			3,668				3,771				3,711
Deferred
Federal			(1,091	)			546				508
State			72				30				(71	)
			(1,019	)			576				437
Total income tax provision		$	2,649			$	4,347			$	4,148

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		December 31,
		2017				2016
Deferred tax assets:
Reserves		$	398			$	531
Inventory capitalization			228				427
Compensation programs			394				578
Retirement liability			7				19
Equity-based compensation			158				257
Net operating loss carryforwards			-				40
Deferred rent			6				7
Intangible assets			274				340
Total deferred tax assets			1,465				2,199
Deferred tax liabilities:
Excess of book over tax basis of fixed assets			(3,305	)			(4,767	)
Goodwill			(600	)			(891	)
Total deferred tax liabilities			(3,905	)			(5,658	)
Net long-term deferred tax liabilities		$	(2,440	)		$	(3,459	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Years Ended December 31,
		2017				2016				2015
Computed “expected” tax rate			34.0	%			34.0	%			34.0	%
Increase (decrease) in income taxes resulting from:
State taxes, net of federal tax benefit			3.5				3.7				2.3
Meals and entertainment			0.3				0.2				0.3
R&D credits			(0.6	)			(0.6	)			(0.8	)
Domestic production deduction			(2.6	)			(2.5	)			(2.5	)
Non-deductible ISO stock option expense			0.1				0.3				0.4
Unrecognized tax benefits			-				(0.1	)			-
Excess tax benefits on equity awards			(1.4	)			-				-
Impact on deferred taxes of new legislation			(11.1	)			-				-
Other			0.1				0.3				1.6
Effective tax rate			22.3	%			35.3	%			35.3	%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		December 31,
		2017				2016
Gross UTB balance at beginning of fiscal year		$	150			$	162
Reductions for tax positions of prior years			-				(12	)
Gross UTB balance at end of fiscal year		$	150			$	150

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

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-Name Accounting Standards Codification
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-SubTopic 10
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+ References

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