XML 30 R14.htm IDEA: XBRL DOCUMENT
v3.23.1

Note 7 - Income Taxes | 12 Months Ended
--- | ---
Dec. 31, 2022
Notes |
Note 7 - Income Taxes | Note 7 – Income Taxes Deferred tax assets (liabilities) consist of the following temporary differences:
|  | December 31,
|  | 2022 |  |  | 2021 |  |  | 2020
Inventory write-downs and differences due to UNICAP | $ | 103 |  | $ | 88 |  | $ | 86
Allowance for doubtful accounts |  | 39 |  |  | 31 |  |  | 32
Accrued liabilities and reserves |  | 90 |  |  | 58 |  |  | 68
Depreciation and amortization |  | (2,295) |  |  | (2,859) |  |  | (3,034)
Deferred income taxes, net | $ | (2,063) |  | $ | (2,682) |  | $ | (2,848)
The components of income tax expense are as follows:
|  | Years ended December 31,
|  | 2022 |  |  | 2021 |  |  | 2020
Current | $ | 4,632 |  | $ | 3,983 |  | $ | 3,253
Deferred |  | (446) |  |  | 290 |  |  | (211)
Total | $ | 4,186 |  | $ | 4,273 |  | $ | 3,042
Income tax expense differed from amounts computed by applying the statutory federal rate to pretax income as follows:
|  | Years ended December 31,
|  | 2022 |  |  | 2021 |  |  | 2020
Federal income tax expense at the statutory rate | $ | 2,620 |  | $ | 2,520 |  | $ | 1,915
State income taxes |  | 490 |  |  | 448 |  |  | 369
Foreign income taxes (blended rate) |  | 1,129 |  |  | 1,010 |  |  | 550
R&D tax credits and manufacturing profit deduction |  | (3) |  |  | (6) |  |  | (7)
Deemed repatriation transition tax |  | - |  |  | - |  |  | 263
US Taxes on foreign income |  | (90) |  |  | (99) |  |  | (35)
Change in Rate |  | - |  |  | 391 |  |  | -
Other |  | 40 |  |  | 9 |  |  | (13)
Total | $ | 4,186 |  | $ | 4,273 |  | $ | 3,042
The domestic and foreign components of income before income tax expense were as follows:
|  | Years ended December 31,
|  | 2022 |  |  | 2021 |  |  | 2020
Domestic | $ | 12,475 |  | $ | 12,004 |  | $ | 9,031
Foreign |  | 8,184 |  |  | 7,057 |  |  | 4,809
Total | $ | 20,659 |  | $ | 19,061 |  | $ | 13,840

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

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI https://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration