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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2024

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 months ended March 31, 2024 and 2023:

		Three Months Ended March 31,
		2024				2023
		(Amounts in thousands)
Income (loss) before income taxes:
Domestic		$	(316	)		$	2,080
Foreign			34				(1,601	)
Income (loss) before income taxes		$	(282	)		$	479

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 months ended March 31, 2024 and 2023:

		Three Months Ended March 31,
		2024				2023
		(Amounts in thousands)
Current provision (benefit):
Federal		$	(224	)		$	711
State			(39	)			170
Foreign			104				(446	)
Total current provision (benefit)			(159	)			435
Deferred provision (benefit):
Federal			23				(248	)
State			5				(60	)
Foreign			(83	)			62
Total deferred provision (benefit)			(55	)			(246	)
Change in valuation allowance			93				29
Total provision (benefit) for income taxes		$	(121	)		$	218

Reconciliation of Income Taxes

The reconciliation of income taxes computed using the statutory U.S. income tax rate and the provision for income taxes for the three months ended March 31, 2024 and 2023 were as follows (amounts in thousands):

		Three Months Ended March 31, 2024								Three Months Ended March 31, 2023
Income taxes computed at the federal statutory rate		$	(59	)			(21.0	%)		$	100				21.0	%
State income taxes, net of federal tax benefit			(10	)			(3.5	)			110				23.0
Excess tax expense (benefits) from stock options/restricted shares			85				30.1				23				4.8
Worthless stock deduction			(248	)			(87.9	)			—				—
Difference in tax rate on foreign earnings/other			18				6.4				(44	)			(9.2	)
Change in valuation allowance			93				33.0				29				6.0
		$	(121	)			(42.9	%)		$	218				45.6	%

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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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

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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
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

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