XML 54 R39.htm IDEA: XBRL DOCUMENT v3.25.0.1

INCOME TAXES (Tables)

12 Months Ended

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	​

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://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

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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-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://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-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