XML 45 R30.htm IDEA: XBRL DOCUMENT v3.22.4

Note 9 - Income Taxes Concept (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

		2022				2021				2020
United States		$	6,270			$	30,973			$	28,493
Foreign countries			7,602				6,275				2,753
Total		$	13,872			$	37,248			$	31,246

		2022				2021				2020
Current expense:
Federal		$	1,581			$	5,174			$	4,058
Foreign			1,264				1,087				353
State and local			918				1,086				1,103
		$	3,763			$	7,347			$	5,514
Deferred expense (benefit):
Federal		$	(565	)		$	60			$	728
Foreign			147				48				(349	)
State and local			(668	)			(58	)			165
			(1,086	)			50				544
Income tax expense		$	2,677			$	7,397			$	6,058

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

		2022				2021				2020
Income taxes at statutory rate		$	2,913			$	7,822			$	6,562
State and local income taxes, net of federal tax benefit			282				898				711
Tax credits			(627	)			(1,052	)			(808	)
Uncertain tax positions			(99	)			(26	)			42
Valuation allowance			(85	)			(86	)			-
GILTI/FDII			608				238				(286	)
Foreign rate differential			(186	)			(183	)			(574	)
Other			(129	)			(214	)			411
Income tax expense		$	2,677			$	7,397			$	6,058

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

		2022				2021
Deferred tax assets:
Inventories		$	524			$	-
Accrued liabilities			3,208				1,900
Postretirement health benefits obligation			5,584				6,724
Pension			1,868				1,745
Lease liabilities			520				272
Capitalized R&D			1,103				-
Interest			3,168				-
Other			1,399				1,531
Total deferred tax assets			17,374				12,172
Valuation allowance			(462	)			(481	)
Net deferred tax assets			16,912				11,691
Deferred tax liabilities:
Depreciation and amortization			(16,987	)			(9,817	)
Leases – right of use assets			(536	)			(269	)
Inventories			-				(628	)
Total deferred tax liabilities			(17,523	)			(10,714	)
Net deferred tax assets (liabilities)		$	(611	)		$	977

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

		2022				2021				2020
Balance at beginning of year		$	808			$	878			$	1,130
Additions based on tax positions related to the current year			117				153				177
Reductions due to lapse of applicable statute of limitations			(171	)			(96	)			(139	)
Settlements			-				(127	)			(290	)
Balance at end of year		$	754			$	808			$	878

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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

+ 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

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

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI https://asc.fasb.org/extlink&oid=126976462&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319

+ Details

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

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration