Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities were comprised of the following at December 31, 2021 and 2020: 

(In thousands)	2021		2020
Deferred tax assets:
Accounts receivable and financing receivables	$	625	$	773
Accrued vacation	678		691
Stock-based compensation	1,905		2,568
Deferred revenue	988		283
Accrued severance	44		4
Accrued liabilities	15		—
Right of use asset	1,740		—
Credits	2,472		3,274
Net operating loss	3,560		4,301
Deferred tax assets	12,027		11,894
Less: Valuation allowance	622		636
Total deferred tax assets	$	11,405	$	11,258
Deferred tax liabilities:
Intangible assets	$	18,002	$	19,603
Accrued liabilities and other	4,668		956
Fixed assets	875		1077
Right of use liability	$	1,740	$	—
Total deferred tax liabilities	$	25,285	$	21,636
Total net deferred tax liability	$	(13,880)	$	(10,378)

Components of Income Tax Provision

Significant components of the income tax provision for the years ended December 31, 2021, 2020 and 2019 were as follows:

(In thousands)	2021		2020		2019
Current provision:
Federal	$	731	$	244	$	860
State	413		1,539		1,357
Deferred provision:
Federal	3,331		2,766		951
State	171		(11)		60
Total income tax provision	$	4,646	$	4,538	$	3,228

Reconciliation to Federal Statutory Income Tax Rate

The difference between income taxes at the U.S. federal statutory income tax rate of 21% for the years ended December 31, 2021, 2020 and 2019, and those reported in the consolidated statements of operations for the years ended December 31, 2021, 2020 and 2019 are as follows:

(In thousands)	2021		2020		2019
Income taxes at U.S. federal statutory rate	$	4,846	$	3,945	$	4,976
Provision-to-return adjustments	117		455		(66)
State income tax, net of federal tax effect	509		908		978
Tax credits	(1,274)		(958)		(2,196)
Contingent consideration	—		—		(1,050)
Stock-based compensation	(74)		255		151
Change in valuation allowance	(14)		(165)		173
Non-deductible compensation - 162(m)	510		—		—
Other	26		98		262
Total income tax provision	$	4,646	$	4,538	$	3,228