Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Tax Expense

The components of income before income tax expense are as follows (in thousands):

	Year Ended December 31,
	2024		2023		2022
Domestic	$	55,503	$	31,942	$	66,966
Foreign		8,944		5,819		9,650
	$	64,447	$	37,761	$	76,616

Summary of Provision for Income Tax Expense (Benefit)

The components of the provision for income tax expense (benefit) are as follows (in thousands):

	December 31, 2024
	Current		Deferred			Total
U.S. federal	$	14,865	$	(5,373	)	$	9,492
State and local		5,429		(1,482	)		3,947
Foreign		2,237		—			2,237
	$	22,531	$	(6,855	)	$	15,676

	December 31, 2023
	Current		Deferred			Total
U.S. federal	$	8,758	$	(2,853	)	$	5,905
State and local		4,740		(2,398	)		2,342
Foreign		1,367		—			1,367
	$	14,865	$	(5,251	)	$	9,614

	December 31, 2022
	Current		Deferred			Total
U.S. federal	$	16,480	$	(4,249	)	$	12,231
State and local		5,300		(1,446	)		3,854
Foreign		1,834		—			1,834
	$	23,614	$	(5,695	)	$	17,919

Schedule of Net Deferred Tax Assets (Liabilities)

The components of net deferred tax assets (liabilities) are as follows (in thousands):

	December 31,
	2024			2023
Deferred tax assets:
Accrued liabilities, reserves and other	$	19,369		$	16,689
UNICAP		8,108			6,081
Tax basis goodwill		753			1,024
Investment in FWRD		4,381			4,032
Equity-based compensation		4,836			3,638
Deferred revenue		4,564			4,077
Research and development expenses		1,953			1,332
Lease liabilities		10,052			11,511
Net operating loss		—			24
Gross deferred tax assets		54,016			48,408
Valuation allowance		—			(23	)
Deferred tax assets, net of valuation allowance		54,016			48,385
Deferred tax liabilities:
Accrued expenses and reserves		(6,766	)		(6,255	)
State taxes		(1,504	)		(1,322	)
Depreciation		(69	)		(569	)
Right-of-use lease assets		(8,817	)		(10,234	)
Total gross deferred liabilities		(17,156	)		(18,380	)
Net deferred tax assets	$	36,860		$	30,005

Schedule of Effective Tax Rate

Our effective tax rate was different than the statutory U.S. federal income tax rate for the following reasons:

	December 31,
	2024			2023			2022
Computed “expected” tax expense		21.0	%		21.0	%		21.0	%
State and local income taxes, net of federal tax benefit		4.8			5.0			4.0
Foreign-derived intangible income		(0.7	)		(1.4	)		(1.1	)
Permanent items		0.6			0.7			0.2
Equity-based compensation		(2.8	)		(0.3	)		(0.7	)
Section 162(m) limitation		0.5			—			—
Other		0.9			0.5			—
		24.3	%		25.5	%		23.4	%