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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
INCOME TAXES |
Schedule of provision for income tax | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
​ | ​ | (Dollars in thousands)
Current: |  | ​ |  |  | ​ |
Federal | ​ | $ | 6,243 | ​ | $ | 5,859
State | ​ |  | 1,997 | ​ |  | 1,839
Foreign | ​ |  | 219 | ​ |  | 516
Total | ​ |  | 8,459 | ​ |  | 8,214
Deferred | ​ |  | 1,057 | ​ |  | 2,462
Total provision | ​ | $ | 9,516 | ​ | $ | 10,676
Schedule of effective tax rate | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |
U.S. federal statutory income tax rate |  | 21.0 | % | 21.0 | %
State income taxes, net of federal tax benefit |  | 4.0 |  | 4.1 | ​
Foreign income tax rate differences |  | 0.9 |  | 0.3 | ​
Share-based compensation |  | (1.6) |  | (0.2) | ​
Other |  | (0.4) |  | 0.9 | ​
Effective tax rate |  | 23.9 | % | 26.1 | %
Schedule of components of deferred taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
​ | ​ | (Dollars in thousands)
Deferred income tax assets: |  | ​ |  |  | ​ |
Accounts receivable reserves | ​ | $ | 266 | ​ | $ | 385
Pension liability | ​ |  | 2,708 | ​ |  | 3,635
Accrued liabilities | ​ |  | 1,582 | ​ |  | 1,724
Operating lease liabilities | ​ | ​ | 3,566 | ​ | ​ | 4,024
Foreign currency losses on intercompany loans | ​ |  | — | ​ |  | 58
​ | ​ |  | 8,122 | ​ |  | 9,826
Deferred income tax liabilities: | ​ |  | ​ | ​ |  | ​
Inventory and related reserves | ​ |  | (5,140) | ​ |  | (5,024)
Cash value of life insurance | ​ |  | (753) | ​ |  | (682)
Property, plant and equipment | ​ |  | (1,484) | ​ |  | (1,297)
Intangible assets | ​ |  | (10,207) | ​ |  | (9,639)
Prepaid expenses and other assets | ​ |  | (308) | ​ |  | (352)
Operating lease right-of-use assets | ​ | ​ | (3,115) | ​ | ​ | (3,555)
​ | ​ |  | (21,007) | ​ |  | (20,549)
Net deferred income tax liabilities | ​ | $ | (12,885) | ​ | $ | (10,723)
Schedule of net deferred tax liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
​ | ​ | (Dollars in thousands)
Non-current deferred income tax benefits | ​ | $ | 1,037 | ​ | $ | 1,096
Non-current deferred income tax liabilities | ​ |  | (13,922) | ​ |  | (11,819)
Net deferred income tax liabilities | ​ | $ | (12,885) | ​ | $ | (10,723)
Summary of unrecognized tax benefits | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
​ | ​ | (Dollars in thousands)
Unrecognized tax benefits balance at January 1, | ​ | $ | 608 | ​ | $ | 305
Increases related to current year tax positions | ​ |  | 32 | ​ |  | 366
Decreases due to lapsing of statute of limitations | ​ |  | — | ​ |  | (63)
Unrecognized tax benefits balance at December 31, | ​ | $ | 640 | ​ | $ | 608

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