XML 42 R30.htm IDEA: XBRL DOCUMENT v3.22.0.1

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

INCOME TAXES

Schedule of components of the provision for income taxes

​

​	​	​	​	​	​	​	​	​	​
Years ended December 31,		2021			2020			2019
(in thousands)		​			​			​
Current provision:		​			​			​
Federal	​	$	7,176	​	$	4,741	​	$	6,637
State	​		346	​		582	​		202
Deferred (benefit) provision:	​		​	​			​
Federal	​		(248)	​		(410)	​		(715)
State	​		108	​		99	​		95
Total income tax provision	​	$	7,382	​	$	5,012	​	$	6,219

Schedule of reconciliation between the federal statutory rate and effective tax rate

​

​	​	​	​	​	​	​	​
Years ended December 31,		2021		2020		2019
Federal statutory rate		21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit		0.9		1.4		1.0
Research and experimentation credit		(0.9)		(1.5)		(1.2)
Non-deductible expenses	​	(0.8)	​	0.1	​	(0.7)	​
Change in contingencies		0.4		0.1		(0.1)
Adjustments related to vesting of restricted stock		(1.0)		(1.5)		(1.5)
Other		0.7		0.9		(0.5)
Effective tax rate		20.3	%	20.5	%	18.0	%

Schedule of components of deferred tax assets and liabilities

​

​	​	​	​	​	​	​
December 31,		2021			2020
(in thousands)		​			​
Deferred tax assets:		​			​
Warranty costs	​	$	1,021	​	$	1,107
Sales incentives and discounts	​		83	​		278
Stock-based compensation	​		780	​		717
Pension	​		3,196	​		2,365
State NOL’s	​	​	283	​	​	423
State credits	​	​	—	​	​	1,818
All others	​		506	​		635
Valuation allowance	​		—	​		(1,818)
Total deferred tax assets	​		5,869	​		5,525
Deferred tax liabilities:	​			​
Depreciation and amortization expense	​		(1,033)	​		(965)
Basis differences in joint venture	​		(444)	​		(485)
Net deferred tax assets	​	$	4,392	​	$	4,075

Schedule of unrecognized tax benefits

​

​	​	​	​	​	​	​
(in thousands)		2021			2020
Balance at January 1	​	$	401	​	$	358
Additions based on tax positions related to the current year	​		32	​		34
Additions for tax positions of prior years	​		106	​		9
Balance at December 31	​	$	539	​	$	401

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 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=124434304&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration