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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Components of Income Before Income Taxes | The components of income before income taxes as shown in the accompanying Consolidated Statement of Operations, consisted of the following for the years ended December 31, 2020, 2019 and 2018:
|  | Years Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (Amounts in thousands) |
Income before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Domestic |  | $ | 11,476 |  |  | $ | 6,787 |  |  | $ | 7,520 |
Foreign |  |  | 1,157 |  |  |  | 8,432 |  |  |  | 1,894 |
Income before income taxes |  | $ | 12,633 |  |  | $ | 15,219 |  |  | $ | 9,414 |
Provision for Income Taxes | The provision for income taxes, as shown in the accompanying Consolidated Statement of Operations, consisted of the following for the years ended December 31, 2020, 2019 and 2018:
|  | Years Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (Amounts in thousands) |
Current provision: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 3,044 |  |  | $ | 1,555 |  |  | $ | 1,494 |
State |  |  | 752 |  |  |  | 406 |  |  |  | 273 |
Foreign |  |  | 797 |  |  |  | 751 |  |  |  | 807 |
Total current provision |  |  | 4,593 |  |  |  | 2,712 |  |  |  | 2,574 |
Deferred provision (benefit): |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (1,340 | ) |  |  | (13 | ) |  |  | 317 |
State |  |  | (327 | ) |  |  | (4 | ) |  |  | 96 |
Foreign |  |  | (326 | ) |  |  | 1,372 |  |  |  | (264 | )
Total deferred provision (benefit) |  |  | (1,993 | ) |  |  | 1,355 |  |  |  | 149 |
Change in valuation allowance |  |  | 172 |  |  |  | 7 |  |  |  | — |
Total provision for income taxes |  | $ | 2,772 |  |  | $ | 4,074 |  |  | $ | 2,723 |
Reconciliation of Income Taxes | The reconciliation of income taxes computed using our statutory U.S. income tax rate and the provision for income taxes for the years ended December 31, 2020, 2019 and 2018 were as follows:
|  | Years Ended December 31, |
(Amounts in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Income taxes computed at the federal statutory rate |  | $ | 2,653 |  |  |  | 21.0 | % |  | $ | 3,196 |  |  |  | 21.0 | % |  | $ | 1,977 |  |  |  | 21.0 | %
State income taxes, net of federal tax benefit |  |  | 602 |  |  |  | 4.7 |  |  |  | 404 |  |  |  | 2.7 |  |  |  | 387 |  |  |  | 4.1 |
Excess tax benefits from stock options/restricted shares |  |  | (920 | ) |  |  | (7.3 | ) |  |  | (9 | ) |  |  | (0.1 | ) |  |  | (93 | ) |  |  | (1.0 | )
Estimated charge for U.S. tax reform |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 251 |  |  |  | 2.7 |
Charge for global intangible low-taxed income (“GILTI”) |  |  | (20 | ) |  |  | (0.2 | ) |  |  | 69 |  |  |  | 0.5 |  |  |  | — |  |  |  | — |
Difference in tax rate on foreign earnings/other |  |  | 285 |  |  |  | 2.3 |  |  |  | 407 |  |  |  | 2.7 |  |  |  | 201 |  |  |  | 2.1 |
Change in valuation allowance |  |  | 172 |  |  |  | 1.4 |  |  |  | 7 |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 2,772 |  |  |  | 21.9 | % |  | $ | 4,074 |  |  |  | 26.8 | % |  | $ | 2,723 |  |  |  | 28.9 | %
Components of Deferred Tax Assets and Liabilities | The components of the deferred tax assets and liabilities were as follows:
|  | At December 31, |
|  | 2020 |  |  | 2019 |
|  | (Amounts in thousands) |
Deferred tax assets: |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 101 |  |  | $ | 88 |
Accrued vacation and bonuses |  |  | 457 |  |  |  | 315 |
Stock-based compensation expense |  |  | 738 |  |  |  | 396 |
COVID-19 payroll tax deferment |  |  | 1,207 |  |  |  | — |
Acquisition-related transaction costs |  |  | 515 |  |  |  | 414 |
Net operating losses |  |  | 179 |  |  |  | 7 |
Total deferred tax assets |  |  | 3,197 |  |  |  | 1,220 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Prepaid expenses |  |  | 217 |  |  |  | 221 |
Depreciation, intangibles and contingent consideration |  |  | 2,005 |  |  |  | 2,017 |
Total deferred tax liabilities |  |  | 2,222 |  |  |  | 2,238 |
Valuation allowance |  |  | (179 | ) |  |  | (7 | )
Net deferred tax asset (liability) |  | $ | 796 |  |  | $ | (1,025 | )
Unrecognized Tax Benefits Related to Uncertain Tax Positions | A reconciliation of the beginning and ending amounts of unrecognized tax benefits related to uncertain tax positions, including interest and penalties, for the three years ended December 31, 2020 is as follows:
|  | Years Ended December 31, |
(Amounts in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Unrecognized tax benefits, beginning balance |  | $ | 20 |  |  | $ | 263 |  |  | $ | 95 |
Additions related to current period |  |  | — |  |  |  | — |  |  |  | 208 |
Additions related to prior periods |  |  | — |  |  |  | — |  |  |  | — |
Reductions related to prior periods |  |  | (20 | ) |  |  | (243 | ) |  |  | (40 | )
Unrecognized tax benefits, ending balance |  | $ | — |  |  | $ | 20 |  |  | $ | 263 |

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