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Income Taxes (Tables)

12 Months Ended

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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