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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Significant Components Deferred Tax Liabilities

Significant components of the Company's deferred tax assets and liabilities from continuing operations are as follows at the respective year ends: 

(in thousands)			2024						2023
Deferred income tax assets:
Inventory valuation reserves			$	1,570					$	1,829
Inventory capitalization			550						360
Accrued bonus			318						127
State net operating loss carryforwards			2,055						2,239
Federal net operating loss carryforwards			4,075						2,209
Lease liabilities			7,484						7,415
Interest Limitation Carryforwards			1,488						1,396
Intangible asset basis differences			781						2,564
Other			1,444						1,932
Total deferred income tax assets			19,765						20,071
State valuation allowance			(2,026)						(1,641)
Federal valuation allowance			(7,040)						—
Total net deferred income tax assets			10,699						18,430
Deferred income tax liabilities:
Fixed asset basis differences			4,010						5,478
Prepaid expenses			300						445
Lease assets			6,709						6,699
Total deferred income tax liabilities			11,019						12,622
Deferred income taxes, net			$	(320)					$	5,808

Schedule of Components of Provision for Income Taxes

Significant components of the provision for income taxes are as follows:

(in thousands)			2024						2023
Current:
Federal			$	(42)					$	(561)
State			69						191
Total current			27						(370)
Deferred:
Federal			5,552						(5,965)
State			580						(589)
Total deferred			6,132						(6,554)
Total			$	6,159					$	(6,924)

Schedule of Reconciliation of Income Taxes Computed at U.S. Rate to Income Tax Expense

The reconciliation of income tax computed at the U. S. federal statutory tax rates to income tax expense is:

(in thousands)			2024												2023
			Amount						%						Amount						%
Tax at U.S. statutory rates			$	(1,064)					21.0		%				$	(8,616)					21.0		%
State income taxes, net of federal tax benefit			112						(2.2)		%				(585)						1.4		%
State valuation allowance			400						(7.9)		%				270						(0.7)		%
Federal valuation allowance			6,539						(129.2)		%				—						—		%
Stock option compensation			37						(0.7)		%				87						(0.2)		%
Other nondeductible expenses			(5)						0.1		%				33						(0.1)		%
Goodwill impairment			—						—		%				2,049						(5.0)		%
Other, net			140						(2.7)		%				(162)						0.5		%
Total			$	6,159					(121.6)		%				$	(6,924)					16.9		%

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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

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- 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

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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
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-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

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