XML 55 R40.htm IDEA: XBRL DOCUMENT v3.24.0.1

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

INCOME TAXES

Schedule of the components of income before income taxes

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,								​
​		2023			2022			2021
Domestic	​	$	5,008	​	$	17,281	​	$	9,984	​
Foreign	​		3,753	​		9,401	​		13,127	​
Total income before income taxes	​	$	8,761	​	$	26,682	​	$	23,111	​

Schedule of the components of income tax provision

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,								​
​		2023			2022			2021
Current:	​	​	​	​	​	​	​	​	​	​
Federal	​	$	1,939	​	$	3,840	​	$	2,194	​
State	​		421	​		929	​		617	​
Foreign	​		2,454	​		2,720	​		4,830	​
Total current provision	​		4,814	​		7,489	​		7,641	​
Deferred:	​	​	​	​	​	​	​	​	​	​
Federal	​		(1,860)	​		(226)	​		(786)	​
State	​		(243)	​		113	​		38	​
Foreign	​		(104)	​		(420)	​		689	​
Total deferred benefit	​		(2,207)	​		(533)	​		(59)	​
Total	​	$	2,607	​	$	6,956	​	$	7,582	​

Schedule of the differences between the effective tax rates reflected in the total provision for income taxes and the U.S. federal statutory rate

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2023			2022			2021
Tax provision computed at 21%		$	1,840	​	$	5,603	​	$	4,853	​
Nondeductible expenses	​		468	​		149	​		91	​
State income taxes, net of federal benefit	​		229	​		875	​		624	​
Tax impact of foreign operations	​		—	​		238	​		2,045	​
Valuation allowances increase (release)	​		(95)	​		(44)	​		52	​
Net decrease of uncertain tax positions	​		—	​		—	​		(31)	​
Other	​		165	​		135	​		(52)	​
Income tax provision	​	$	2,607	​	$	6,956	​	$	7,582	​
Effective income tax rates	​		29.8	%		26.1	%		32.8	%

Schedule of the deferred tax assets and liabilities

​

​	​	​	​	​	​	​	​
​		December 31,
​	​	2023		​	2022		​
Noncurrent deferred tax asset	​	​	​	​	​	​	​
Compensation related expenses	​	$	2,636	​	$	1,748	​
Foreign currency translation	​		3,069	​		3,281	​
U.S. foreign tax credit carryovers	​		2,705	​		2,527	​
Foreign net operating loss carryovers	​		2,286	​		2,129	​
Accruals and reserves	​		1,307	​		557	​
Operating lease right-of-use assets	​	​	2,500	​	​	2,080	​
Other	​		771	​		316	​
Valuation allowance for deferred tax assets	​		(3,785)	​		(3,704)	​
Total noncurrent deferred tax asset	​		11,489	​		8,934	​
Noncurrent deferred tax liability	​	​	​	​	​	​	​
Depreciable assets	​		(433)	​		(367)	​
Prepaids	​		(82)	​		(137)	​
Intangible assets	​		(1,370)	​		(1,235)	​
Investment in foreign subsidiaries	​		(2,363)	​		(2,370)	​
Foreign earnings distribution taxes	​		(1,461)	​		(1,224)	​
Foreign intangibles and reserves	​		(967)	​		(1,211)	​
Operating lease liabilities	​	​	(2,422)	​	​	(1,963)	​
Total noncurrent deferred tax liability	​		(9,098)	​		(8,507)	​
Net noncurrent deferred tax assets	​		2,391	​		427	​
Net deferred tax assets	​	$	2,391	​	$	427	​

Schedule of reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period

​

​	​	​	​	​	​	​	​	​	​	​
​	​	December 31,								​
​		2023			2022			2021
Balance, beginning of year	​	$	1,715	​	$	1,639	​	$	1,569	​
Additions as a result of tax positions taken during the current period	​		36	​		76	​		101	​
Reductions as a result of tax positions taken during a prior period	​		—	​		—	​		(31)	​
Balance, end of year	​	$	1,751	​	$	1,715	​	$	1,639	​

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
-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

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
-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

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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-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 income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
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/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-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