XML 57 R43.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Income Taxes [Abstract] |
Schedule of Federal and State Income Tax Provision | The federal and state income tax provision consisted of the following:
Year ended December 31, |  | 2024 |  |  | 2023 |  |  | 2022 |
|  | Current |  |  | Deferred |  |  | Current |  |  | Deferred |  |  | Current |  |  | Deferred |
Federal |  | $ | 10,310 |  |  | $ | (4,190 | ) |  | $ | 14,763 |  |  | $ | (5,285 | ) |  | $ | 21,741 |  |  | $ | (4,694 | )
State |  |  | 1,607 |  |  |  | (515 | ) |  |  | 1,713 |  |  |  | (582 | ) |  |  | 3,779 |  |  |  | (879 | )
|  | $ | 11,917 |  |  | $ | (4,705 | ) |  | $ | 16,476 |  |  | $ | (5,867 | ) |  | $ | 25,520 |  |  | $ | (5,573 | )
Schedule of Effective Income Tax Rate Reconciliation | The effective income tax rate varied from the statutory federal income tax rate as follows:
Year ended December 31, |  | 2024 |  |  | 2023 |  |  | 2022 |
Statutory federal income tax rate |  |  | 21.0% |  |  |  | 21.0% |  |  |  | 21.0% |
State income taxes, net of federal tax benefit |  |  | 1.5 |  |  |  | 2.2 |  |  |  | 2.7 |
Research and development tax credits |  |  | (5.9 | ) |  |  | (2.7 | ) |  |  | (4.2 | )
Other |  |  | 2.5 |  |  |  | (2.5 | ) |  |  | (1.1 | )
Effective income tax rate |  |  | 19.1% |  |  |  | 18.0% |  |  |  | 18.4% |
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows:
December 31, |  | 2024 |  |  | 2023 |
Deferred tax assets |  |  |  |  |  |  |  |
Capitalized research and development costs |  | $ | 12,566 |  |  | $ | 9,144 |
Employee compensation and benefits |  |  | 2,483 |  |  |  | 2,452 |
Allowances for doubtful accounts and discounts |  |  | 452 |  |  |  | 431 |
Inventories |  |  | 1,831 |  |  |  | 1,635 |
Stock-based compensation |  |  | 1,876 |  |  |  | 1,698 |
Other |  |  | 1,537 |  |  |  | 1,608 |
Total deferred tax assets |  |  | 20,745 |  |  |  | 16,968 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation |  |  | 2,868 |  |  |  | 3,578 |
Other |  |  | 1,196 |  |  |  | 1,414 |
Total deferred tax liabilities |  |  | 4,064 |  |  |  | 4,992 |
Net deferred tax assets |  | $ | 16,681 |  |  | $ | 11,976 |

X
- Definition Tabular disclosure of the federal tax basis of investment holdings. This item captures the aggregate cost of securities, aggregate gross unrealized appreciation for all securities in which there is an excess of value over tax cost, aggregate gross unrealized depreciation for all securities in which there is an excess of tax cost over value, net unrealized appreciation (depreciation), and an explanation of the differences between tax and book. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(h)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3 + Details
Name: | us-gaap_FederalIncomeTaxNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 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