Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes

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

	December 31,
	2024			2023
Current taxes:
Domestic	$	9,318		$	10,126
Foreign		9			20
		9,327			10,146
Deferred taxes:
Domestic		(3,821)			331
Foreign		—			—
		(3,821)			331
Income tax expense	$	5,506		$	10,477
Income before income taxes:
Domestic income	$	24,987		$	34,400
Foreign income		40			62
Total	$	25,027		$	34,462
Effective income tax rate		22.0	%		30.4	%

Schedule of effective income tax rate reconciliation

	December 31,
	2024		2023
Tax at federal statutory rate	21.0	%	21.0	%
State taxes, net	5.4		4.4
Expiration of capital loss carryover	7.1		—
Valuation allowance	(7.1)		—
Unrecognized tax benefits	(2.8)		0.1
Tax credits	(1.4)		(0.5)
Permanent items(1)	(0.2)		5.3
Other	—		0.1
Effective income tax rate	22.0	%	30.4	%

(1) Includes the deductibility limitations on excess compensation.

Schedule of components of deferred tax assets and liabilities

	December 31,
	2024		2023
Deferred tax assets:
Accrued expense	$	3,414	$	1,928
Net operating loss carryforward		133		130
Stock-based compensation		2,400		1,798
Interest limitation		2,424		1,689
Lease liability		2,730		3,026
Capital loss carryover		—		2,110
Research and development costs		2,070		1,350
Other		2,772		3,244
Total gross deferred tax assets		15,943		15,275
Valuation allowance		(872)		(2,616)
Net deferred tax assets		15,071		12,659
Deferred tax liabilities:
Plant, equipment and leasehold improvements		(8,552)		(8,825)
Intangible assets		(6,075)		(6,745)
Right-of-use assets		(2,511)		(2,851)
Other		(1,251)		(1,377)
Total gross deferred tax liabilities		(18,389)		(19,798)
Net deferred tax liabilities	$	(3,318)	$	(7,139)

Unrecognized Tax Benefits

Balance as of December 31, 2023	$	1,317
Increase related to current year tax position		82
Increase related to prior year tax position		37
Decrease related to lapse of statute of limitations		(767)
Balance as of December 31, 2024	$	669