Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes

Schedule of income tax (benefit) expense from continuing operations and effective income tax rates

	December 31,
	2022			2021
Current taxes:
Domestic	$	11,047		$	10,038
Foreign		5			(1)
		11,052			10,037
Deferred taxes:
Domestic		1,554			(2,154)
Foreign		1			(2)
		1,555			(2,156)
Income tax expense	$	12,607		$	7,881
Income before income taxes:
Domestic income	$	49,108		$	23,761
Foreign income		39			61
Total	$	49,147		$	23,822
Effective income tax rate		25.7	%		33.1	%

Schedule of effective income tax rate reconciliation

	December 31,
	2022		2021
Tax at federal statutory rate	21.0	%	21.0	%
State taxes, net	5.4		7.4
Unrecognized tax benefits	(2.0)		1.4
Tax credits	(0.1)		(0.2)
Permanent items	1.0		2.4
Other	0.4		1.1
Effective income tax rate	25.7	%	33.1	%

Schedule of components of deferred tax assets and liabilities

	December 31,
	2022		2021
Deferred tax assets:
Accrued expense	$	3,830	$	3,664
Net operating loss carryforward		257		305
Stock compensation		1,303		894
Interest limitation		2,474		3,693
Lease liability		2,891		3,222
Capital loss carryover		2,135		2,076
Research and development costs		1,434		—
Other		3,609		2,867
Total gross deferred tax assets		17,933		16,721
Valuation allowance		(2,791)		(2,832)
Net deferred tax assets		15,142		13,889
Deferred tax liabilities:
Plant, equipment and leasehold improvements		(9,510)		(5,773)
Intangible assets		(8,020)		(8,284)
Right-of-use assets		(2,749)		(3,098)
Other		(1,671)		(1,987)
Total gross deferred tax liabilities		(21,950)		(19,142)
Net deferred tax liabilities	$	(6,808)	$	(5,253)

Unrecognized Tax Benefits

Balance as of December 31, 2021	$	2,350
Increase related to current year tax position		58
Decrease related to prior year tax position		(54)
Decrease related to settlements with tax authorities, net of federal benefit		(147)
Lapse of statute of limitations		(812)
Balance as of December 31, 2022	$	1,395