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Note 8 - Income Taxes Concept (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

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

		2024				2023				2022
United States		$	38,548			$	34,763			$	6,270
Foreign countries			11,945				9,198				7,602
Total		$	50,493			$	43,961			$	13,872

		2024				2023				2022
Current expense:
Federal		$	8,223			$	6,735			$	1,581
Foreign			2,121				1,591				1,264
State and local			1,451				1,098				918
		$	11,795			$	9,424			$	3,763
Deferred expense (benefit):
Federal		$	(1,476	)		$	(206	)		$	(565	)
Foreign			87				196				147
State and local			(28	)			(404	)			(668	)
			(1,417	)			(414	)			(1,086	)
Income tax expense		$	10,378			$	9,010			$	2,677

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

		2024				2023				2022
Income taxes at statutory rate		$	10,603			$	9,232			$	2,913
State and local income taxes, net of federal tax benefit			1,094				620				282
Tax credits			(1,608	)			(1,208	)			(627	)
Uncertain tax positions			19				(34	)			(99	)
Valuation allowance			30				(72	)			(85	)
GILTI/FDII			512				368				608
Foreign rate differential			(300	)			(145	)			(186	)
Other			28				249				(129	)
Income tax expense		$	10,378			$	9,010			$	2,677

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

		December 31,
		2024				2023
Deferred tax assets:
Inventories		$	1,392			$	520
Accrued liabilities			3,390				3,011
Postretirement health benefits obligation			5,526				5,600
Pension obligation			1,351				2,386
Lease liabilities			4,861				4,916
Capitalized R&D			3,124				2,041
Interest			12,884				8,703
Other			1,190				1,155
Total deferred tax assets			33,718				28,332
Valuation allowance			(420	)			(390	)
Net deferred tax assets			33,298				27,942
Deferred tax liabilities
Depreciation and amortization			(27,935	)			(22,923	)
Leases - right of use assets			(4,627	)			(4,922	)
Total deferred tax liabilities			(32,562	)			(27,845	)
Net deferred tax assets (liabilities)		$	736			$	97

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

		2024				2023				2022
Balance at beginning of year		$	704			$	754			$	808
Additions based on tax positions related to the current year			217				180				117
Reductions due to lapse of applicable statute of limitations			(192	)			(230	)			(171	)
Balance at end of year		$	729			$	704			$	754

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.

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