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Income Taxes (Tables)

12 Months Ended

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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