Note 9 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Year ended December 31,
	2024		2023		2022
	(in thousands)
United States	$	52,829	$	37,356	$	26,274
Foreign		4,046		2,119		1,216
Total	$	56,875	$	39,475	$	27,490

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year ended December 31,
	2024			2023		2022
				(in thousands)
Current:
Federal	$	10,308		$	6,203	$	5,063
State		1,840			1,300		938
Foreign		1,140			1,084		1,035
		13,288			8,587		7,036
Deferred:
Federal		(363	)		616		(144	)
State		(94	)		122		(83	)
Foreign		6			45		45
		(451	)		783		(182	)
Provision for income taxes	$	12,837		$	9,370	$	6,854

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2024			2023			2022
	(in thousands)
Unrecognized tax benefits at the beginning of year	$	587		$	612		$	768
Additions/adjustments for tax positions of current year		-			-			-
Additions/adjustments for tax positions of prior years		(33	)		(25	)		(57	)
Reductions for settlements with taxing authorities		-			-			-
Reductions for lapses of the applicable statutes of limitations		(39	)		-			(99	)
Unrecognized tax benefits at the end of the year	$	515		$	587		$	612

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	As of December 31,
	2024			2023
	(in thousands)
Deferred tax assets:
Inventory	$	2,682		$	2,280
Net operating loss carryforwards		774			942
Tax credit carryforwards		1,138			1,092
Capital loss carryforwards		422			462
Reserves and accruals		908			823
Operating lease liabilities		3,419			3,721
Intangible assets		4,488			4,503
Stock options		746			696
Other		2,526			1,741
Total deferred tax assets		17,103			16,260
Deferred tax liabilities:
Property and equipment		(3,166	)		(2,996	)
Goodwill		(7,039	)		(6,311	)
Operating lease right-of-use assets		(3,152	)		(3,472	)
Foreign branch deferred offset		(593	)		(700	)
Other		(160	)		(183	)
Total deferred tax liabilities		(14,110	)		(13,662	)
Net deferred tax assets before valuation allowance		2,993			2,598
Valuation allowance		(1,653	)		(1,702	)
Net deferred tax asset	$	1,340		$	896
Deferred tax classification
Long-term deferred tax asset	$	1,425		$	1,003
Long-term deferred tax liability		(85	)		(107	)
Net long-term deferred tax asset	$	1,340		$	896

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2024			2023			2022
Federal statutory rate		21.0	%		21.0	%		21.0	%
State tax, net of federal benefit		2.5	%		2.8	%		2.7	%
Effect of foreign taxes		0.6	%		1.7	%		4.0	%
Federal tax on foreign income		0.2	%		0.3	%		0.0	%
Valuation allowance		0.1	%		0.2	%		(0.2	%)
Foreign deferred tax liability offset		(0.1	%)		(0.1	%)		(0.2	%)
Research & development tax credits		(0.7	%)		(0.6	%)		0.0	%
Stock options		(1.7	%)		(1.8	%)		0.0	%
Uncertain tax positions		0.0	%		0.1	%		(0.3	%)
Other permanent differences		0.6	%		0.4	%		(1.8	%)
Other		0.1	%		(0.3	%)		(0.3	%)
Effective tax rate		22.6	%		23.7	%		24.9	%

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

	Year ended December 31,
	2024		2023		2022
	(in thousands)
Cash paid for income taxes, net	$	12,837	$	7,549	$	8,343