Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of provision (benefit) for income taxes

The provision (benefit) for income taxes consists of:

	Year Ended December 31,
	2018			2017		2016
	(In thousands)
Current:
Federal	$	3,041		$	1,280	$	(1,285	)
State		658			159		(95	)
Total current		3,699			1,439		(1,380	)
Deferred:
Federal		(1,246	)		1,259		13
State		(98	)		55		(7	)
Total deferred		(1,344	)		1,314		6
Total	$	2,355		$	2,753	$	(1,374	)

Schedule of reconciliation effective tax rate

A reconciliation of the U.S. Federal statutory tax rate to the effective tax rate on income (loss) before taxes is as follows:

	Year Ended December 31,
	2018			2017			2016
Federal statutory rate		21.0	%		35.0	%		35.0	%
State taxes, net of federal benefit		4.3			4.2			1.7
Impairment, non-deductible portion		0.1			—			(6.6	)
Share-based compensation		1.2			15.2			(9.0	)
Non-deductible items		2.1			4.6			(3.9	)
Valuation allowance		(9.5	)		41.0			—
Tax reform rate change		—			12.9			—
Other		2.2			(4.1	)		1.4
Total effective tax rate		21.4	%		108.8	%		18.6	%

Schedule of deferred taxes

Significant components of the Company’s deferred taxes were as follows:

	Year Ended  December 31,
	2018		2017
	(In thousands)
Deferred tax assets:
Uniform capitalization adjustment	$	1,469	$	1,272
Inventory valuation		1,179		1,334
Accounts receivable allowance		45		51
Stock compensation expense		681		725
Property and equipment		31		62
Other		548		134
Total deferred tax assets		3,953		3,578
Deferred tax liabilities
Goodwill		649		460
Intangibles		2,315		2,385
Other		59		109
Total deferred tax liabilities		3,023		2,954
Less: Valuation allowance		—		1,038
Net deferred tax assets/(liabilities)	$	930	$	(414	)