Income Tax (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Components of Income Tax Provision

The Company’s domestic and foreign net income before provision for income taxes for the years ended December 31, 2025, 2024, and 2023 consists of the following (in thousands):


	Years Ended December 31,
	2025		2024		2023
Domestic	$	31,495	$	30,266	$	26,545
Foreign	51,018		42,759		27,357
Total	$	82,513	$	73,025	$	53,902

The Company’s income tax provision for the years ended December 31, 2025, 2024, and 2023 consists of the following (in thousands):


	Years Ended December 31,
	2025		2024		2023
Current
Federal	$	3,347	$	6,841	$	6,099
State	402		2,471		1,784
Foreign	5,328		3,449		272
Total Current	9,077		12,761		8,155
Deferred
Federal	4,536		1,044		841
State	852		230		2
Foreign	(265)		9		(20)
Total Deferred	5,123		1,283		823
Total income tax provision	$	14,200	$	14,044	$	8,978

Schedule of Deferred Tax Assets and Liabilities

The approximate tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities are as follows (in thousands):


	December 31,
	2025		2024
Deferred tax assets:
Accruals	$	846	$	753
Tax credits	499		183
Compensation programs	2,167		2,202
Equity-based compensation	1,024		928
Lease liability	5,040		4,306
Intangible assets	434		2,558
Deferred revenue	627		705
Other	21		12
Gross deferred tax assets	10,658		11,647
Valuation allowance	—		—
Net deferred tax assets	10,658		11,647

Deferred tax liabilities:
Excess of book over tax basis of fixed assets	$	(3,115)	$	(2,846)
Goodwill	(7,643)		(4,975)
Right of use asset	(4,887)		(4,175)
Intangible assets	(3,703)		(2,882)
Tax on unremitted foreign earnings	(406)		—
Inventory capitalization	(115)		(65)
Total deferred tax liabilities	(19,869)		(14,943)
Net long-term deferred tax liabilities	$	(9,211)	$	(3,296)

Schedule of Effective Income Tax Rate Reconciliation

The actual tax provision for the years presented differs from that derived from using a U.S federal statutory rate of 21% to income before income tax expense as follows:


	Years Ended December 31,
	2025				2024				2023
U.S. federal statutory rate	$	17,328	21.0	%	$	15,335	21.0	%	$	11,321	21.0	%
Increase (decrease) in income taxes resulting from:
State and local income tax, net of federal income tax effect	1,897		2.3		2,104		2.9		1,304		2.4
Foreign Tax Effects:
Dominican Republic:
Statutory tax rate difference	2,494		3.0		2,417		3.3		1,038		1.9
Withholding taxes	4,611		5.6		2,789		3.8		322		0.6
Free trade zone impact	(11,223)		(13.5)		(10,265)		(14.0)		(6,609)		(12.2)
Other items	—		—		—		—		—		—
Other foreign jurisdictions	(1,532)		(1.9)		(463)		(0.6)		(246)		(0.5)
Effect of cross border transactions:
Global Intangible low-taxed income	693		0.8		617		0.7		2,124		4.0
Foreign-derived intangible income	(120)		(0.1)		37		0.1		(1,522)		(2.8)
Nontaxable or Nondeductible Items:
Stock Compensation	(915)		(1.1)		(1,291)		(1.8)		(1,041)		(1.9)
162m Limitations	1,685		2.0		1,957		2.7		1,043		1.9
Tax credits	—		—		—		—		264		0.5
Other	(718)		(0.9)		650		0.9		310		0.6
Change in uncertain tax positions	—		—		157		0.2		670		1.2
Change in valuation allowance	—		—		—		—		—		—
Effective tax rate	$	14,200	17.2	%	$	14,044	19.2	%	$	8,978	16.7	%

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a roll forward of the Company’s unrecognized tax benefits (“UTB”) (in thousands):


	December 31,
	2025		2024
Gross UTB balance at beginning of fiscal year	$	—	$	670
Gross increases - tax positions of prior years	—		106
Settlement of tax positions	—		(776)
Gross UTB balance at end of fiscal year	$	—	$	—