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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | Income tax expense is composed of the following:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |
Federal | $ | 28,234 |  |  | $ | 32,296 |  |  | $ | 26,107 |
State | 5,269 |  |  | 5,926 |  |  | 4,438 |
Foreign | 131 |  |  | 330 |  |  | (223) |
| 33,634 |  |  | 38,552 |  |  | 30,322 |
Deferred: |  |  |  |  |
Federal | 625 |  |  | (4,100) |  |  | 2,870 |
State | (238) |  |  | 120 |  |  | (1,821) |
Foreign | (44) |  |  | 44 |  |  | (71) |
| 343 |  |  | (3,936) |  |  | 978 |
Total | $ | 33,977 |  |  | $ | 34,616 |  |  | $ | 31,300 |
Schedule of Reconciliation of Provision For Income Taxes From Continuing Operations | A reconciliation of income tax expense at the normal statutory federal rate to income tax expense included in the accompanying Consolidated Statements of Income is below:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
“Expected” provision at federal statutory rate | $ | 14,373 |  |  | $ | 29,895 |  |  | $ | 29,442 |
State income taxes, net | 5,865 |  |  | 6,545 |  |  | 6,446 |
Foreign income taxes | 131 |  |  | 330 |  |  | (223) |
Change in valuation allowance | (965) |  |  | 1,135 |  |  | 416 |
Nondeductible goodwill impairment | 15,489 |  |  | — |  |  | — |
Share-based compensation | (362) |  |  | (288) |  |  | (34) |
Federal and state tax credits | (2,078) |  |  | (1,685) |  |  | (3,506) |
Other | 1,524 |  |  | (1,316) |  |  | (1,241) |
Income tax expense | $ | 33,977 |  |  | $ | 34,616 |  |  | $ | 31,300 |
Effective tax rate | 49.6 | % |  | 24.4 | % |  | 22.3 | %
Schedule of Temporary Differences Related to Deferred Income Taxes | The tax effects of temporary differences giving rise to deferred income taxes shown on the Consolidated Balance Sheets are as follows:
| December 31,
| 2024 |  | 2023
Deferred income tax assets: |  |  |
Share-based compensation | $ | 3,511 |  |  | $ | 4,453 |
U.S. state and foreign tax credit carryforwards | 3,426 |  |  | 3,350 |
Mexico and U.S. state loss carryforwards | 3,165 |  |  | 3,890 |
Inventories | 2,726 |  |  | 2,656 |
Operating lease liabilities | 4,120 |  |  | 3,740 |
Deferred compensation | 935 |  |  | 848 |
Section 174 timing difference | 1,554 |  |  | 2,032 |
Contingent Consideration | 5,939 |  |  | 1,817 |
Other | 2,462 |  |  | 2,462 |
Gross deferred income tax assets | 27,838 |  |  | 25,248 |
Less: valuation allowance | (2,243) |  |  | (3,208) |
Net deferred income tax assets | 25,595 |  |  | 22,040 |
Deferred income tax liabilities: |  |  |
Property, plant and equipment | (23,813) |  |  | (24,084) |
Intangibles | (50,518) |  |  | (48,460) |
Inventory | (1,165) |  |  | (2,007) |
Operating lease right-of-use assets | (3,978) |  |  | (3,577) |
Convertible Senior Note | (7,146) |  |  | (4,716) |
Other | (2,405) |  |  | (2,267) |
Gross deferred income tax liabilities | (89,025) |  |  | (85,111) |
Net deferred income tax liability | $ | (63,430) |  |  | $ | (63,071) |
Schedule of Change in Valuation Allowance | A schedule of the change in valuation allowance is as follows:
Balance at December 31, 2022 | $ | 2,073 |
Increase | 1,135 |
Balance at December 31, 2023 | 3,208 |
Decrease | (965) |
Balance at December 31, 2024 | $ | 2,243 |
Schedule of Unrecognized Tax Benefits | The following is a reconciliation of the total amount of unrecognized tax benefits (excluding interest and penalties) for 2024, 2023, and 2022:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022 |  |
Beginning of year balance | $ | 424 |  |  | $ | 156 |  |  | $ | 113 |  |  |
Additions based on prior year tax positions | — |  |  | 83 |  |  | 75 |  |  |
Additions based on current year tax positions | — |  |  | 245 |  |  | 2 |  |  |
Reduction for prior year tax positions | (235) |  |  | (60) |  |  | (34) |  |  |
End of year balance | $ | 189 |  |  | $ | 424 |  |  | $ | 156 |  |  |

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