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Income Taxes (Tables)

9 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Components of Income (Loss) Before Income Taxes

The components of income (loss) before income taxes, as shown in the accompanying Financial Statements, consisted of the following for the three and nine months ended September 30, 2023 and 2022:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2023				2022				2023				2022
		(Amounts in thousands)								(Amounts in thousands)
Income (loss) before income taxes:
Domestic		$	(211	)		$	3,950			$	(3,205	)		$	11,123
Foreign			365				(593	)			1,060				(903	)
Income (loss) before income taxes		$	154			$	3,357			$	(2,145	)		$	10,220

Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes, as shown in the accompanying Financial Statements, consisted of the following for the three and nine months ended September 30, 2023 and 2022:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2023				2022				2023				2022
		(Amounts in thousands)								(Amounts in thousands)
Current provision (benefit):
Federal		$	(88	)		$	806			$	(271	)		$	1,836
State			(9	)			187				25				446
Foreign			93				(55	)			238				(4	)
Total current provision (benefit)		$	(4	)		$	938			$	(8	)		$	2,278
Deferred provision (benefit):
Federal			25				12				(377	)			496
State			7				(7	)			(91	)			118
Foreign			4				(60	)			64				(118	)
Total deferred provision (benefit)			36				(55	)			(404	)			496
Change in valuation allowance			(3	)			68				54				272
Total provision (benefit) for income taxes		$	29			$	951			$	(358	)		$	3,046

Reconciliation of Income Taxes

The reconciliation of income taxes computed using the statutory U.S. income tax rate and the provision (benefit) for income taxes for the three and nine months ended September 30, 2023 and 2022 were as follows (amounts in thousands):

		Three Months Ended September 30, 2023								Three Months Ended September 30, 2022
Income taxes computed at the federal statutory rate		$	33				21.0	%		$	705				21.0	%
State income taxes, net of federal tax benefit			(2	)			(1.2	)			168				5.0
Excess tax expense (benefit) from stock options/restricted shares			—				—				19				0.6
Difference in income tax rate on foreign earnings/other			1				0.9				(9	)			(0.3	)
Change in valuation allowance			(3	)			(1.9	)			68				2.0
		$	29				18.8	%		$	951				28.3	%

		Nine Months Ended September 30, 2023								Nine Months Ended September 30, 2022
Income taxes computed at the federal statutory rate		$	(450	)			(21.0	)%		$	2,146				21.0	%
State income taxes, net of federal tax benefit			(74	)			(3.5	)			554				5.4
Excess tax expense (benefit) from stock options/restricted shares			40				1.9				10				0.1
Difference in income tax rate on foreign earnings/other			72				3.4				64				0.6
Change in valuation allowance			54				2.5				272				2.7
		$	(358	)			(16.7	)%		$	3,046				29.8	%

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- Definition

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://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

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- Definition

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.

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
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