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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022, 2021 and 2020:

		Years Ended December 31,
		2022				2021				2020
		(Amounts in thousands)
Income before income taxes:
Domestic		$	13,892			$	17,117			$	11,476
Foreign			(1,401	)			(231	)			1,157
Income before income taxes		$	12,491			$	16,886			$	12,633

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, 2022, 2021 and 2020:

		Years Ended December 31,
		2022				2021				2020
		(Amounts in thousands)
Current provision:
Federal		$	2,293			$	2,657			$	3,044
State			653				713				752
Foreign			178				234				797
Total current provision			3,124				3,604				4,593
Deferred provision (benefit):
Federal			678				873				(1,340	)
State			162				233				(327	)
Foreign			(433	)			(177	)			(326	)
Total deferred provision (benefit)			407				929				(1,993	)
Change in valuation allowance			248				132				172
Total provision for income taxes		$	3,779			$	4,665			$	2,772

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, 2022, 2021 and 2020 were as follows:

		Years Ended December 31,
(Amounts in thousands)		2022								2021								2020
Income taxes computed at the federal statutory rate		$	2,623				21.0	%		$	3,546				21.0	%		$	2,653				21.0	%
State income taxes, net of federal tax benefit			804				6.4				962				5.7				602				4.7
Excess tax benefits from stock options/restricted shares			56				0.5				(82	)			(0.5	)			(920	)			(7.3	)
Charge for global intangible low-taxed income (“GILTI”)			—				—				—				—				(20	)			(0.2	)
Difference in tax rate on foreign earnings/other			48				0.4				107				0.6				285				2.3
Change in valuation allowance			248				2.0				132				0.8				172				1.4
		$	3,779				30.3	%		$	4,665				27.6	%		$	2,772				21.9	%

Components of Deferred Tax Assets and Liabilities

The components of the deferred tax assets and liabilities were as follows:

		At December 31,
		2022				2021
		(Amounts in thousands)
Deferred tax assets:
Allowance for doubtful accounts		$	126			$	112
Accrued vacation and bonuses			342				419
Stock-based compensation expense			1,692				1,274
COVID-19 payroll tax deferment			—				628
Acquisition-related transaction costs			509				540
Net operating losses			559				311
Total deferred tax assets			3,228				3,284
Deferred tax liabilities:
Prepaid expenses			441				233
Depreciation, intangibles and contingent consideration			3,148				3,005
Total deferred tax liabilities			3,589				3,238
Valuation allowance			(559	)			(311	)
Net deferred tax asset (liability)		$	(920	)		$	(265	)

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, 2022 is as follows:

		Years Ended December 31,
(Amounts in thousands)		2022				2021				2020
Unrecognized tax benefits, beginning balance		$	—			$	—			$	20
Additions related to current period			—				—				—
Additions related to prior periods			—				—				—
Reductions related to prior periods			—				—				(20	)
Unrecognized tax benefits, ending balance		$	—			$	—			$	—

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