Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of provision (benefit) for income taxes

The provision (benefit) for income taxes consists of:

	Year Ended December 31,
	2019		2018			2017
	(In thousands)
Current:
Federal	$	719	$	3,041		$	1,280
State		125		658			159
Total current		844		3,699			1,439
Deferred:
Federal		400		(1,246	)		1,259
State		31		(98	)		55
Total deferred		431		(1,344	)		1,314
Total	$	1,275	$	2,355		$	2,753

Schedule of reconciliation effective tax rate

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

	Year Ended December 31,
	2019			2018			2017
Federal statutory rate		21.0	%		21.0	%		35.0	%
State taxes, net of federal benefit		3.4			4.3			4.2
Impairment, non-deductible portion		—			0.1			—
Share-based compensation		3.7			1.2			15.2
Non-deductible items		5.4			2.1			4.6
Valuation allowance		—			(9.5	)		41.0
Tax reform rate change		—			—			12.9
Other		(0.2	)		2.2			(4.1	)
Total effective tax rate		33.3	%		21.4	%		108.8	%

Schedule of deferred taxes

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

	Year Ended December 31,
	2019			2018
	(In thousands)
Deferred tax assets:
Operating lease right-of-use assets	$	3,425		$	—
Inventory reserve		1,072			1,179
Uniform capitalization adjustment		1,633			1,469
Stock compensation expense		666			681
Accrued commission		124			348
Other		199			276
Total deferred tax assets		7,119			3,953
Deferred tax liabilities
Operating lease right-of-use assets		(3,316	)		—
Goodwill		(838	)		(649	)
Intangible assets		(2,230	)		(2,315	)
Other		(135	)		(59	)
Total deferred tax liabilities		(6,519	)		(3,023	)
Net deferred tax assets	$	600		$	930