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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
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, 2023, 2022 and 2021:
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | (Amounts in thousands) |
Income (loss) before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Domestic |  | $ | (6,222 | ) |  | $ | 13,892 |  |  | $ | 17,117 |
Foreign |  |  | (2,809 | ) |  |  | (1,401 | ) |  |  | (231 | )
Income (loss) before income taxes |  | $ | (9,031 | ) |  | $ | 12,491 |  |  | $ | 16,886 |
Provision (Benefit) for Income Taxes | The provision (benefit) for income taxes, as shown in the accompanying Consolidated Statement of Operations, consisted of the following for the years ended December 31, 2023, 2022 and 2021:
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | (Amounts in thousands) |
Current provision (benefit): |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (473 | ) |  | $ | 2,293 |  |  | $ | 2,657 |
State |  |  | (23 | ) |  |  | 653 |  |  |  | 713 |
Foreign |  |  | 316 |  |  |  | 178 |  |  |  | 234 |
Total current provision (benefit) |  |  | (180 | ) |  |  | 3,124 |  |  |  | 3,604 |
Deferred provision (benefit): |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (648 | ) |  |  | 678 |  |  |  | 873 |
State |  |  | (133 | ) |  |  | 162 |  |  |  | 233 |
Foreign |  |  | (1,001 | ) |  |  | (433 | ) |  |  | (177 | )
Total deferred provision (benefit) |  |  | (1,782 | ) |  |  | 407 |  |  |  | 929 |
Change in valuation allowance |  |  | 69 |  |  |  | 248 |  |  |  | 132 |
Total provision (benefit) for income taxes |  | $ | (1,893 | ) |  | $ | 3,779 |  |  | $ | 4,665 |
Reconciliation of Income Taxes | The reconciliation of income taxes computed using our statutory U.S. income tax rate and the provision (benefit) for income taxes for the years ended December 31, 2023, 2022 and 2021 were as follows:
|  | Years Ended December 31, |
(Amounts in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Income taxes computed at the federal statutory rate |  | $ | (1,897 | ) |  |  | (21.0 | %) |  | $ | 2,623 |  |  |  | 21.0 | % |  | $ | 3,546 |  |  |  | 21.0 | %
State income taxes, net of federal tax benefit |  |  | (198 | ) |  |  | (2.2 | ) |  |  | 804 |  |  |  | 6.4 |  |  |  | 962 |  |  |  | 5.7 |
Excess tax benefits from stock options/restricted shares |  |  | 220 |  |  |  | 2.4 |  |  |  | 56 |  |  |  | 0.5 |  |  |  | (82 | ) |  |  | (0.5 | )
Difference in tax rate on foreign earnings/other |  |  | (87 | ) |  |  | (1.0 | ) |  |  | 48 |  |  |  | 0.4 |  |  |  | 107 |  |  |  | 0.6 |
Change in valuation allowance |  |  | 69 |  |  |  | 0.8 |  |  |  | 248 |  |  |  | 2.0 |  |  |  | 132 |  |  |  | 0.8 |
|  | $(1,893) |  |  | (21.0%) |  |  | $3,779 |  |  | 30.3% |  |  | $4,665 |  |  | 27.6% |
Components of Deferred Tax Assets and Liabilities | The components of the deferred tax assets and liabilities were as follows:
|  | At December 31, |
|  | 2023 |  |  | 2022 |
|  | (Amounts in thousands) |
Deferred tax assets: |  |  |  |  |  |  |  |
Allowance for credit losses |  | $ | 150 |  |  | $ | 126 |
Accrued vacation and bonuses |  |  | 437 |  |  |  | 342 |
Stock-based compensation expense |  |  | 2,100 |  |  |  | 1,692 |
Acquisition-related transaction costs |  |  | 471 |  |  |  | 509 |
Net operating losses |  |  | 628 |  |  |  | 559 |
Total deferred tax assets |  |  | 3,786 |  |  |  | 3,228 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Prepaid expenses |  |  | 488 |  |  |  | 441 |
Depreciation, intangibles and contingent consideration |  |  | 1,877 |  |  |  | 3,148 |
Total deferred tax liabilities |  |  | 2,365 |  |  |  | 3,589 |
Valuation allowance |  |  | (628 | ) |  |  | (559 | )
Net deferred tax asset (liability) |  | $ | 793 |  |  | $ | (920 | )

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