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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2023
INCOME TAXES |
Schedule of income before income tax, domestic and foreign | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
(in thousands) |  | 2023 |  | 2022 |  | 2021
United States | ​ | $ | 65,068 | ​ | $ | 21,572 | ​ | $ | 10,947
Foreign | ​ |  | 8,716 | ​ |  | 4,160 | ​ |  | 10,819
Total | ​ | $ | 73,784 | ​ | $ | 25,732 | ​ | $ | 21,766
Schedule of provision for income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
(in thousands) |  | 2023 |  | 2022 |  | 2021
Current: |  | ​ |  |  | ​ |  |  | ​ |
Federal | ​ | $ | 14,949 | ​ | $ | 3,225 | ​ | $ | 1,126
State | ​ |  | 541 | ​ |  | 180 | ​ |  | 343
Foreign | ​ |  | 2,184 | ​ |  | 920 | ​ |  | 3,016
Total Current | ​ | $ | 17,674 | ​ | $ | 4,325 | ​ | $ | 4,485
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred: | ​ |  |  | ​ |  |  | ​ |  |
Federal | ​ | $ | 1,797 | ​ | $ | 890 | ​ | $ | 981
State | ​ |  | 310 | ​ |  | 91 | ​ |  | 13
Foreign | ​ |  | 74 | ​ |  | 80 | ​ |  | 32
Total Deferred | ​ | $ | 2,181 | ​ | $ | 1,061 | ​ | $ | 1,026
Provision for/(benefit from) income taxes | ​ | $ | 15,493 | ​ | $ | 5,386 | ​ | $ | 5,511
Schedule of effective income tax rate reconciliation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | December 31,
​ |  | ​ | 2023 | ​ | 2022 | ​ | 2021
Federal statutory tax rate |  | ​ | 21.0 | % | ​ | 21.0 | % | ​ | 21.0 | %
State taxes, net of federal tax benefit |  | ​ | 0.2 | % | ​ | 0.8 | % | ​ | 1.3 | %
Excess of foreign tax over U.S. tax on foreign income |  | ​ | 0.4 | % | ​ | 0.5 | % | ​ | 3.6 | %
Domestic tax deductions and credits |  | ​ | (0.2) | % | ​ | (1.3) | % | ​ | (1.6) | %
Foreign derived intangible income deduction |  | ​ | (0.6) | % | ​ | (0.3) | % | ​ | — | %
Other |  | ​ | 0.2 | % | ​ | 0.3 | % | ​ | 1.0 | %
Effective tax rate |  | ​ | 21.0 | % | ​ | 21.0 | % | ​ | 25.3 | %
Schedule of deferred income tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
(in thousands) |  | 2023 |  | 2022
Deferred tax assets: |  | ​ |  |  | ​ |
Allowance for credit losses | ​ | $ | 307 | ​ | $ | 268
Accruals and reserves | ​ |  | 3,169 | ​ |  | 2,058
Research and development | ​ | ​ | 2,316 | ​ | ​ | 1,697
Other | ​ |  | 1,099 | ​ |  | 747
Total deferred tax assets | ​ |  | 6,891 | ​ |  | 4,770
Deferred tax liabilities: | ​ |  |  | ​ | ​ |
Property, plant, and equipment | ​ |  | 10,701 | ​ |  | 10,989
Other | ​ |  | 260 | ​ |  | 11
Total deferred tax liabilities | ​ |  | 10,961 | ​ |  | 11,000
Net deferred tax liability | ​ | $ | (4,070) | ​ | $ | (6,230)

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- 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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- 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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