INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

The components of income before income taxes were as follows (in thousands):

The provision for income taxes consisted of the following (in thousands):

The difference between income taxes computed at the statutory income tax rate and the provision for income taxes is as follows (in thousands):



	Years Ended December 31,
	2019			2018			2017
Income taxes computed at federal statutory rate	$	9,801		$	10,228		$	5,912
State income taxes, net of federal benefit	1,294			1,880			152
Foreign taxes	311			150			(1,077		)
Nondeductible expenses	1,108			954			642
Domestic production activity deduction	—			—			(98		)
Research and development tax credit	(2,324		)	(480		)	(641		)
Foreign tax credit	(57		)	(346		)	—
Valuation allowance	(5		)	—			(791		)
Tax reform deferred tax remeasurement	—			81			(1,294		)
Deferred tax liability true up	1,065			—			(2,180		)
Uncertain tax positions	665			172			—
Other	(964		)	546			(262		)
	$	10,894		$	13,185		$	363

Deferred tax liabilities and assets were comprised of the following (in thousands):



	December 31,
	2019			2018
Deferred tax assets:
Allowance for doubtful accounts	1,657			1,948
Inventories	3,254			2,944
Research and development credit carryforward	1,361			775
Foreign tax credit carryforward	64			64
Net operating loss carryforward	812			610
Capital loss carryforward	12,363			12,564
Deferred compensation	—			538
Accruals	4,077			576
Investment in partnerships	500			—
Other	—			137
Total deferred tax assets	24,088			20,156
Less valuation allowance	(12,363		)	(12,564		)
Total deferred tax asset, net of valuation deferred tax liabilities :	11,725			7,592
Goodwill	(8,459		)	(1,053		)
Intangibles	(2,051		)	(7,820		)
Property and equipment	(8,319		)	(6,807		)
Unremitted foreign earnings	(421		)	(421		)
Deferred compensation	(317		)	—
Method changes	(1,961		)	—
Other	(69		)	(124		)
Net deferred tax liability	$	(9,872	)	$	(8,633	)