Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes

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

	December 31,
	2023			2022
Current taxes:
Domestic	$	10,126		$	11,047
Foreign		20			5
		10,146			11,052
Deferred taxes:
Domestic		331			1,554
Foreign		—			1
		331			1,555
Income tax expense	$	10,477		$	12,607
Income before income taxes:
Domestic income	$	34,400		$	49,108
Foreign income		62			39
Total	$	34,462		$	49,147
Effective income tax rate		30.4	%		25.7	%

Schedule of effective income tax rate reconciliation

	December 31,
	2023		2022
Tax at federal statutory rate	21.0	%	21.0	%
State taxes, net	4.4		5.4
Unrecognized tax benefits	0.1		(2.0)
Deductibility limitations on excess compensation	3.3		0.4
Tax credits	(0.5)		(0.1)
Permanent items	2.0		1.0
Other	0.1		—
Effective income tax rate	30.4	%	25.7	%

Schedule of components of deferred tax assets and liabilities

	December 31,
	2023		2022
Deferred tax assets:
Accrued expense	$	1,928	$	3,830
Net operating loss carryforward		130		257
Stock compensation		1,798		1,303
Interest limitation		1,689		2,474
Lease liability		3,026		2,891
Capital loss carryover		2,110		2,135
Research and development costs		1,350		1,434
Other		3,244		3,609
Total gross deferred tax assets		15,275		17,933
Valuation allowance		(2,616)		(2,791)
Net deferred tax assets		12,659		15,142
Deferred tax liabilities:
Plant, equipment and leasehold improvements		(8,825)		(9,510)
Intangible assets		(6,745)		(8,020)
Right-of-use assets		(2,851)		(2,749)
Other		(1,377)		(1,671)
Total gross deferred tax liabilities		(19,798)		(21,950)
Net deferred tax liabilities	$	(7,139)	$	(6,808)

Unrecognized Tax Benefits

Balance as of December 31, 2022	$	1,395
Increase related to current year tax position		42
Increase related to prior year tax position		22
Decrease related to prior year tax position		(62)
Decrease related to settlements with tax authorities, net of federal benefit		(80)
Balance as of December 31, 2023	$	1,317