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Note 14 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

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

		As of December 31,
(in thousands)		2024				2023				2022
Current:
Federal		$	7,669			$	11,574			$	27,865
International			29				1,047				102
State and local			1,138				2,529				5,691
			8,836				15,150				33,658
Deferred			(511	)			1,908				(967	)
Income tax provision		$	8,325			$	17,058			$	32,691

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

(in thousands)		2024				2023
Deferred tax assets:
Inventory (excluding LIFO reserve)		$	2,980			$	3,340
Net operating loss and tax credit carryforwards			896				803
Allowance for credit losses			452				657
Accrued expenses			8,865				7,543
Lease liabilities			10,090				9,567
Other			312				379
Deferred tax assets before valuation allowance			23,595				22,289
Valuation allowance			(446	)			(489	)
Total deferred tax assets			23,149				21,800
Deferred tax liabilities:
LIFO reserve			(3,429	)			(3,820	)
Property and equipment			(16,058	)			(16,223	)
Lease right of use assets			(9,848	)			(9,363	)
Interest rate hedge			(63	)			(14	)
Intangibles			(4,800	)			(3,890	)
Total deferred tax liabilities			(34,198	)			(33,310	)
Deferred tax liabilities, net		$	(11,049	)		$	(11,510	)

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

(in thousands)		2024				2023				2022
Balance as of January 1		$	174			$	220			$	228
Increases related to current year tax positions			-				-				-
Increase (Decrease) related to prior year tax positions			173				8				(8	)
Decreases related to lapsing of statute of limitations			(55	)			(8	)			-
Settlements			-				(46	)			-
Balance as of December 31		$	292			$	174			$	220

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

		2024				2023				2022
U.S. federal statutory rate in effect			21.0	%			21.0	%			21.0	%
State and local taxes, net of federal benefit			4.3	%			4.4	%			4.5	%
Foreign			0.1	%			1.7	%			0.1	%
Meals and entertainment			1.5	%			0.7	%			0.2	%
Tax credits			(0.8	)%			(0.4	)%			(0.1	)%
All other, net			0.5	%			0.3	%			0.7	%
Effective income tax rate			26.6	%			27.7	%			26.4	%

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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.

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