Note 7 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	2024		2023			2022
	(In thousands)
U.S. Operations	$	32,690	$	40,031		$	43,156
Foreign Operations		—		(69	)		(341	)
Income before income taxes	$	32,690	$	39,962		$	42,815

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2024			2023			2022
	(In thousands)
Federal:
Current	$	6,817		$	8,220		$	9,988
Deferred		(717	)		(891	)		(1,427	)
Total	$	6,100		$	7,329		$	8,561
Foreign:
Current	$	12		$	(32	)	$	(90	)
Deferred		-			14			—
Total	$	12		$	(18	)	$	(90	)
State:
Current	$	1,742		$	1,924		$	2,846
Deferred		53			(244	)		(302	)
Total	$	1,795		$	1,680		$	2,544
Total	$	7,907		$	8,991		$	11,015

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2024			2023			2022
	(In thousands)
Expected federal income taxes	$	6,865		$	8,392		$	8,991
Foreign tax rate differential		(2	)		(4	)		(24	)
State income taxes, net of federal benefit and state tax credits		1,324			1,323			2,100
Share-based compensation		(167	)		(334	)		(120	)
Federal tax credits		(401	)		(569	)		(408	)
Uncertain tax positions		171			73			22
Reclassification of cumulative translation adjustment into earnings		—			—			539
Withholding tax on repatriation of foreign earnings		—			—			(100	)
Non-deductible expenses		113			92			30
Other		4			18			(15	)
	$	7,907		$	8,991		$	11,015

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2024			2023
	(In thousands)
Deferred tax assets:
Allowance for doubtful accounts	$	10		$	18
Accrued expenses		526			581
Share-based compensation		1,148			1,177
Accrued bonuses		243			12
Uncertain tax positions		348			326
Research & experimental expenditures		3,925			2,903
Lease liabilities		422			543
Gross deferred tax assets		6,622			5,560
Less valuation allowance		—			—
Deferred tax assets		6,622			5,560
Deferred tax liabilities:
Prepaid expenses		29			145
Deferred contract costs		387			354
Property and equipment		1,846			1,966
Intangible assets		7,245			6,636
Right of Use Asset		403			502
Other		243			96
Deferred tax liabilities		10,153			9,699
Net deferred tax liabilities	$	(3,531	)	$	(4,139	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	(In thousands)
Balance of unrecognized tax benefits at December 31, 2022	$	1,557
Reductions due to lapse of applicable statute of limitations		(92	)
Reductions due to tax positions of prior years		—
Reductions due to settlement with taxing authorities		—
Additions based on tax positions related to the current year		478
Balance of unrecognized tax benefits at December 31, 2023	$	1,943
Reductions due to lapse of applicable statute of limitations		(72	)
Additions due to tax positions of prior years		—
Reductions due to settlement with taxing authorities		—
Additions based on tax positions related to the current year		305
Balance of unrecognized tax benefits at December 31, 2024	$	2,176