XML 30 R15.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Income Taxes | 12 Months Ended
--- | ---
Dec. 31, 2023
Income Taxes |
Income Taxes | 7. Income Taxes ​ Deferred tax attributes resulting from differences between the tax basis of assets and liabilities and the reported amounts in the Consolidated Balance Sheets are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31, | ​
​ |  | 2023 |  | 2022 |
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accruals and reserves | ​ | $ | 574 | ​ | $ | 631 | ​
Deferred rent credit | ​ | ​ | 115 | ​ | ​ | 146 | ​
Depreciation and amortization | ​ | ​ | 55 | ​ | ​ | 38 | ​
Total deferred tax assets | ​ | ​ | 744 | ​ | ​ | 815 | ​
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | (5,974) | ​ |  | (4,604) | ​
Total deferred tax liabilities | ​ | ​ | (5,974) | ​ | ​ | (4,604) | ​
Net deferred tax (liabilities) asset | ​ | $ | (5,230) | ​ | $ | (3,789) | ​
​ The provision for income taxes is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
​ |  | 2023 |  | 2022 |
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | 2,793 | ​ | $ | 2,694 | ​
State | ​ |  | 676 | ​ |  | 622 | ​
Foreign | ​ |  | 1,372 | ​ |  | 1,254 | ​
​ | ​ |  | 4,841 | ​ |  | 4,570 | ​
Deferred: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ |  | 32 | ​ |  | (124) | ​
State | ​ | ​ | 10 | ​ | ​ | (30) | ​
Foreign | ​ |  | (425) | ​ |  | (381) | ​
​ | ​ |  | (383) | ​ |  | (535) | ​
​ | ​ | $ | 4,458 | ​ | $ | 4,035 | ​
Effective Tax Rate | ​ |  | 26.6 | % |  | 24.4 | %
​ The reasons for the difference between total tax expense and the amount computed by applying the U.S. statutory federal income tax rate to income before income taxes are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31, |
​ |  | 2023 |  | 2022 |
Statutory rate applied to pretax income | ​ | $ | 3,524 | ​ | $ | 3,472 | ​
Other permanent items | ​ | ​ | 569 | ​ | ​ | 156 | ​
State income taxes, net of federal income tax benefit | ​ |  | 542 | ​ |  | 468 | ​
Acquisition related costs | ​ | ​ | 132 | ​ | ​ | — | ​
Other items | ​ |  | — | ​ |  | 11 | ​
Dividends | ​ | ​ | (3) | ​ | ​ | (9) | ​
GILTI, net of foreign tax credits | ​ | ​ | (11) | ​ | ​ | (50) | ​
Foreign income taxes (under) over U.S. statutory rate | ​ |  | (46) | ​ |  | 137 | ​
Stock compensation | ​ | ​ | (249) | ​ | ​ | (150) | ​
Income tax expense | ​ | $ | 4,458 | ​ | $ | 4,035 | ​
​ The Company has analyzed filing positions in all the federal, state and foreign jurisdictions where it is required to file income tax returns, as well as all open tax years in these jurisdictions. The Company has identified its federal consolidated tax return, its state tax returns, its Canadian tax return and its tax return in the United Kingdom as major tax jurisdictions. As of December 31, 2023, the Company’s 2020 through 2022 Federal tax returns remain open for examination. The Company’s various states and Canadian tax returns are open for examination for the years 2019 through 2022. The Company’s tax return in the United Kingdom is open for examination for the years 2021 and 2022. The Company’s policy is to recognize interest related to unrecognized tax benefits as interest expense and penalties as operating expenses. The Company believes that it has appropriate support for the income tax positions it takes and expects to take on its tax returns, and that its accruals for tax liabilities are adequate for all open years based on an assessment of many factors including experience and interpretations of tax law applied to the facts of each matter. ​ For financial reporting purposes, income before income taxes includes the following components: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31, |
​ |  | 2023 | ​ | 2022 |
United States | ​ | $ | 11,990 | ​ | $ | 12,968 | ​
Foreign | ​ |  | 4,791 | ​ |  | 3,564 | ​
​ | ​ | $ | 16,781 | ​ | $ | 16,532 | ​
​ ​ The Company has approximately $9.2 million of undistributed earnings in Canada and $5.3 million of undistributed earnings in the United Kingdom and $0.9 million of undistributed earnings in Ireland, which it continues to reinvest indefinitely, and therefore no withholding taxes related to its repatriation has been recorded. ​ There was no activity related to the Company’s unrecognized tax benefits during the year ended December 31, 2023 and December 31, 2022. ​ During the years ended December 31, 2023 and 2022, the Company incurred interest and penalties of zero, respectively, related to these uncertain tax benefits.

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 The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//740/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-14 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-21 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 270 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482526/740-270-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 17 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-17 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482603/740-30-50-2 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration