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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Taxes |
Provision for Income Taxes | The provision for income taxes consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31, |
​ |  | 2024 |  | 2023 |  | 2022 |
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | 23,642 | ​ | $ | 24,648 | ​ | $ | 25,483 | ​
State | ​ |  | 7,528 | ​ |  | 7,343 | ​ |  | 8,200 | ​
Total current | ​ |  | 31,170 | ​ |  | 31,991 | ​ |  | 33,683 | ​
Deferred: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ |  | (690) | ​ |  | (1,845) | ​ |  | (743) | ​
State | ​ |  | (88) | ​ |  | (303) | ​ |  | (524) | ​
Total deferred | ​ |  | (778) | ​ |  | (2,148) | ​ |  | (1,267) | ​
Provision for income taxes | ​ | $ | 30,392 | ​ | $ | 29,843 | ​ | $ | 32,416 | ​
Components of Deferred Taxes | The components of the deferred taxes as of December 31, 2024 and 2023 are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for credit losses | ​ | $ | 843 | ​ | $ | 965 | ​
Inventory costs capitalized for tax purposes | ​ |  | 99 | ​ |  | 127 | ​
Inventory valuation reserves | ​ |  | 467 | ​ |  | 342 | ​
Sales return reserves | ​ |  | 143 | ​ |  | 116 | ​
Deductible expenses, primarily employee-benefit related | ​ |  | 35 | ​ |  | 6 | ​
Accrued compensation | ​ |  | 1,738 | ​ |  | 1,304 | ​
Operating lease liability | ​ | ​ | 863 | ​ | ​ | 1,251 | ​
Unclaimed property reserve | ​ | ​ | 668 | ​ | ​ | 487 | ​
Other | ​ |  | 1,080 | ​ |  | 469 | ​
Capitalized research and development | ​ | ​ | 2,262 | ​ | ​ | 1,542 | ​
Stock-based compensation | ​ |  | 352 | ​ |  | 1,937 | ​
State tax loss carryforwards | ​ |  | 699 | ​ |  | 941 | ​
State tax credit carryforwards | ​ |  | 1,159 | ​ |  | 921 | ​
Total gross deferred tax assets | ​ |  | 10,408 | ​ |  | 10,408 | ​
Less: Valuation allowance | ​ |  | (1,502) | ​ |  | (1,789) | ​
Net deferred tax assets | ​ |  | 8,906 | ​ |  | 8,619 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Goodwill and other intangibles | ​ |  | (14,555) | ​ |  | (14,227) | ​
Property and equipment | ​ | ​ | (8,215) | ​ | ​ | (8,877) | ​
Right-of-use assets | ​ | ​ | (791) | ​ | ​ | (1,106) | ​
Prepaid expenses | ​ | ​ | (153) | ​ | ​ | (253) | ​
Other | ​ |  | (283) | ​ |  | — | ​
Total gross deferred tax liabilities | ​ |  | (23,997) | ​ |  | (24,463) | ​
Net deferred tax liability | ​ | $ | (15,091) | ​ | $ | (15,844) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current deferred tax assets | ​ | $ | — | ​ | $ | — | ​
Noncurrent deferred tax liability | ​ |  | (15,091) | ​ |  | (15,844) | ​
Net deferred tax liability | ​ | $ | (15,091) | ​ | $ | (15,844) | ​
Reconciliation of Income Tax Provision to Total Income Taxes at Statutory Federal Tax Rate | A reconciliation of the Company’s 2024, 2023, and 2022 income tax provision to total income taxes at the statutory federal tax rate is as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |  | 2022 |
Federal income taxes, at statutory tax rate | ​ | $ | 24,672 | ​ | $ | 23,754 | ​ | $ | 25,543 | ​
State income taxes, net of federal benefit | ​ |  | 5,859 | ​ |  | 5,498 | ​ |  | 5,954 | ​
Nondeductible expenses | ​ |  | 732 | ​ |  | 589 | ​ |  | 928 | ​
Other, net | ​ |  | (871) | ​ |  | 2 | ​ |  | (9) | ​
Income tax provision | ​ | $ | 30,392 | ​ | $ | 29,843 | ​ | $ | 32,416 | ​

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