XML 50 R37.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Note 11 - Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Notes Tables |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
($ in thousands) |  | 2021 |  |  | 2020 |
Federal: |  |  |  |  |  |  |  |
Current |  | $ | 1,554 |  |  | $ | 4,942 |
Deferred |  |  | 1,729 |  |  |  | 67 |
Total Federal |  |  | 3,283 |  |  |  | 5,009 |
State & local: |  |  |  |  |  |  |  |
Current |  |  | 833 |  |  |  | 793 |
Deferred |  |  | (176 | ) |  |  | 97 |
Total State & local |  |  | 657 |  |  |  | 890 |
Foreign |  |  |  |  |  |  |  |
Current |  |  | 907 |  |  |  | 102 |
Deferred |  |  | (37 | ) |  |  | - |
Total Foreign |  |  | 870 |  |  |  | 102 |
Total |  | $ | 4,810 |  |  | $ | 6,001 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Year Ended December 31, |
($ in thousands) |  | 2021 |  |  | 2020 |
Expected expense at statutory rate |  | $ | 5,327 |  |  | $ | 5,662 |
Increase (decrease) in income taxes resulting from: |  |  |  |  |  |  |  |
Exempt income from Dominican Republic operations due to tax holiday |  |  | (1,238 | ) |  |  | (942 | )
Tax Rate Differential effect of Foreign Operations |  |  | 45 |  |  |  | - |
Tax on repatriated earnings from Dominican Republic operations |  |  | 941 |  |  |  | 438 |
State and local income taxes |  |  | 222 |  |  |  | 766 |
Foreign Tax Credit |  |  | (547 | ) |  |  | (30 | )
Meals and entertainment |  |  | 2 |  |  |  | 27 |
Nondeductible penalties |  |  | 3 |  |  |  | 20 |
Provision to return filing adjustments and other |  |  | 55 |  |  |  | 60 |
Total |  | $ | 4,810 |  |  | $ | 6,001 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
($ in thousands) |  | 2021 |  |  | 2020 |
Deferred tax assets: |  |  |  |  |  |  |  |
Asset valuation allowances and accrued expenses |  | $ | 239 |  |  | $ | 301 |
Inventories |  |  | 1,564 |  |  |  | 528 |
State and local income taxes |  |  | 346 |  |  |  | 169 |
Pension and deferred compensation |  |  | 38 |  |  |  | 18 |
Net operating losses |  |  | 302 |  |  |  | 298 |
Lease asset |  |  | 2,696 |  |  |  | 269 |
Total deferred tax assets |  |  | 5,185 |  |  |  | 1,583 |
Valuation allowances |  |  | - |  |  |  | (298 | )
Total deferred tax assets |  |  | 5,185 |  |  |  | 1,285 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Fixed assets |  |  | 4,144 |  |  |  | 1,571 |
Intangible assets |  |  | 7,179 |  |  |  | 6,587 |
Other assets |  |  | 317 |  |  |  | 278 |
Tollgate tax on Lifestyle earnings |  |  | 228 |  |  |  | 228 |
State and local income taxes |  |  | 1,001 |  |  |  | 623 |
Lease Liability |  |  | 2,609 |  |  |  | 269 |
Total deferred tax liabilities |  |  | 15,478 |  |  |  | 9,556 |
Net deferred tax liability |  | $ | 10,293 |  |  | $ | 8,271 |
Summary of Income Tax Examinations [Table Text Block] |
|  | Earliest Exam Year |
Taxing Authority Jurisdiction: |  |  |
U.S. Federal |  | 2018 |
Various U.S. States |  | 2017 |
Puerto Rico (U.S. Territory) |  | 2016 |
Canada |  | 2016 |
China |  | 2018 |
Mexico |  | 2021 |
United Kingdom |  | 2021 |
Australia |  | 2021 |

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 income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
Name: | us-gaap_SummaryOfIncomeTaxExaminationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration