XML 56 R37.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Income Taxes |
Schedule of provision (benefit) for income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
(In thousands) |  | 2024 |  | 2023 |  | 2022
Current income taxes, Federal | ​ | $ | 4,304 | ​ | $ | 5,045 | ​ | $ | 1,838
Current income taxes, State | ​ | ​ | 1,365 | ​ | ​ | 1,440 | ​ | ​ | 637
​ | ​ | ​ | 5,669 | ​ | ​ | 6,485 | ​ | ​ | 2,475
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred income taxes, Federal | ​ |  | 702 | ​ |  | (19,046) | ​ |  | (32)
Deferred income taxes, State | ​ | ​ | 365 | ​ | ​ | (332) | ​ | ​ | —
​ | ​ | ​ | 1,067 | ​ | ​ | (19,378) | ​ | ​ | (32)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrecognized tax benefit, Federal | ​ |  | (207) | ​ |  | 148 | ​ |  | (50)
Unrecognized tax benefit, State | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | (207) | ​ | ​ | 148 | ​ | ​ | (50)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total provision (benefit) for income taxes | ​ | $ | 6,529 | ​ | $ | (12,745) | ​ | $ | 2,393
Schedule of components of our deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | At December 31,
(In thousands) |  | 2024 |  | 2023
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​
Operating lease liability | ​ | $ | 4,755 | ​ | $ | 5,394
Net operating loss carryforwards | ​ | ​ | 1 | ​ | ​ | 50
Accounts receivable and inventory reserves | ​ | ​ | 5,406 | ​ | ​ | 7,065
Stock-based compensation | ​ | ​ | 5,818 | ​ | ​ | 5,144
Accrued liabilities | ​ |  | 1,766 | ​ |  | 2,056
Warranty reserves | ​ | ​ | 752 | ​ | ​ | 1,025
Intangible assets | ​ | ​ | 875 | ​ | ​ | 1,645
Business credits | ​ | ​ | 761 | ​ | ​ | 630
R&D expenses | ​ | ​ | 3,253 | ​ | ​ | 2,189
Other | ​ |  | 342 | ​ |  | 309
Total deferred tax assets | ​ | ​ | 23,729 | ​ | ​ | 25,507
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Right of use operating lease assets | ​ |  | (4,177) | ​ |  | (4,799)
Fixed assets | ​ | ​ | (877) | ​ | ​ | (975)
Prepaid expenses | ​ | ​ | (209) | ​ | ​ | (232)
Other | ​ | ​ | (155) | ​ | ​ | (123)
Total deferred tax liabilities | ​ | ​ | (5,418) | ​ | ​ | (6,129)
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax assets | ​ | $ | 18,311 | ​ | $ | 19,378
Schedule of reconciliation of income tax expense (benefit) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2024 | ​ | 2023 | ​ | 2022
Tax expense at statutory rate |  | 21.0 | % | ​ | 21.0 | % | ​ | 21.0 | %
State income taxes, net of federal benefit | ​ | 4.7 | ​ | ​ | 5.2 | ​ | ​ | 4.1 | ​
Executive compensation | ​ | 1.1 | ​ | ​ | 0.9 | ​ | ​ | — | ​
Meals and entertainment | ​ | 1.7 | ​ | ​ | 2.1 | ​ | ​ | — | ​
Employee Stock Purchase Plan | ​ | 0.4 | ​ | ​ | 0.9 | ​ | ​ | (1.0) | ​
Federal business credits | ​ | (1.5) | ​ | ​ | (1.5) | ​ | ​ | 1.6 | ​
Valuation allowance | ​ | — | ​ | ​ | (113.3) | ​ | ​ | (37.4) | ​
Return to provision | ​ | (0.5) | ​ | ​ | 0.5 | ​ | ​ | (0.2) | ​
Deferred reprice - state |  | 0.9 |  | ​ | 0.2 |  | ​ | 0.9 | ​
Unrecognized tax benefits | ​ | 0.3 | ​ | ​ | 0.3 | ​ | ​ | (0.3) | ​
Excess benefit on non-qualified stock options and RSUs | ​ | 0.7 | ​ | ​ | 2.3 | ​ | ​ | (3.7) | ​
Interest and penalties | ​ | — | ​ | ​ | 0.1 | ​ | ​ | — | ​
162(m) write down | ​ | — | ​ | ​ | 1.6 | ​ | ​ | — | ​
Other |  | (1.0) |  | ​ | (1.1) |  | ​ | (0.5) | ​
Net effective rate |  | 27.8 | % | ​ | (80.8) | % | ​ | (15.5) | %
Schedule of unrecognized tax benefits ("UTB") | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
(In thousands) |  | 2024 |  | 2023 |  | 2022
Balance beginning of the year | ​ | $ | 702 | ​ | $ | 612 | ​ | $ | 522
Gross changes — tax positions in prior year | ​ | ​ | (272) | ​ | ​ | — | ​ | ​ | —
Gross changes — tax positions in current year | ​ | ​ | 117 | ​ | ​ | 90 | ​ | ​ | 90
Balance end of the year | ​ | $ | 547 | ​ | $ | 702 | ​ | $ | 612

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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + 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://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration