v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of Continuing Operations Before Income Taxes The components of income from continuing operations before income taxes were as follows (in thousands):
For the years ended December 31,
 202520242023
Domestic
$62,037 $18,928 $14,284 
Foreign7,002 4,881 4,776 
Income from continuing operations before income taxes
$69,039 $23,809 $19,060 
Schedule of Components of Provision for Income Taxes
The components of the provision for income taxes from continuing operations were as follows (in thousands):
For the years ended December 31,
 202520242023
Current:
Federal$10,422 $9,010 $6,792 
State2,191 1,495 1,066 
Foreign1,655 1,573 1,138 
       Total current
14,268 12,078 8,996 
Deferred:   
Federal1,944 (6,569)(3,951)
State(1,234)(923)(557)
Foreign568 (179)7 
       Total deferred
1,278 (7,671)(4,501)
Provision for income taxes$15,546 $4,407 $4,495 
Schedule of Effective Income Tax Reconciliation A reconciliation of the provision for income taxes from continuing operations to the amount computed by applying the statutory federal income tax rate is as follows (in thousands):
For the years ended December 31,
 202520242023
$
%
$
%
$
%
US federal statutory tax rate
$14,498 21.0 %$5,000 21.0 %$4,003 21.0 %
Increases (decreases) in tax resulting from: 
State and local income taxes, net of federal income tax effect (a)
756 1.1 %451 1.9 %402 2.1 %
Foreign tax effects
  Germany
798 1.2 %— — %— — %
  Other foreign jurisdictions
(41)— %373 1.6 %144 0.8 %
Effect of cross-border tax laws
Foreign-derived intangible income
(3,753)(5.4)%(1,892)(8.0)%(615)(3.2)%
Tax credits
(52)(0.1)%(80)(0.3)%(32)(0.2)%
Changes in valuation allowances
502 0.7 %4 — %(1)— %
Nontaxable or nondeductible items
Excess stock tax benefit
(1,421)(2.1)%(772)(3.2)%— — %
Section 162(m) executive compensation
3,809 5.5 %1,444 6.1 %554 2.9 %
Transaction costs
1,053 1.5 %489 2.0 %477 2.5 %
Corporate-owned life insurance
— — %(283)(1.2)%(409)(2.1)%
Other
(132)(0.2)%116 0.5 %43 0.2 %
Other adjustments
Other adjustments
(471)(0.7)%(443)(1.9)%(71)(0.4)%
Effective tax rate
$15,546 22.5 %$4,407 18.5 %$4,495 23.6 %
(a) State Taxes in CA, FL, KS, and VA made up the majority (greater than 50%) of the tax effect in this category. State income tax expense includes the effects of changes in valuation allowances related to state net operating losses, the impact of state conformity to federal income tax provisions, and the benefit of state income tax credits.
Schedule of Deferred Tax Assets and Liabilities
The tax effect of temporary differences representing deferred tax assets and liabilities was as follows (in thousands):

As of December 31,
 20252024
Deferred compensation and accrued paid leave$2,544 $1,948 
Accrued expense2,481 1,367 
Inventory reserve22,822 23,020 
Operating lease liabilities13,321 14,199 
Stock-based compensation2,201 2,084 
Capitalized inventory514 498 
US operating and capital loss carryforward8,187 12,843 
Disallowed interest expense6,982 9,450 
Tax credit carryforward1,822 1,421 
Foreign country operating loss carryforward1,417 1,364 
Interest capitalized— 2,030 
Transaction costs302 235 
62,593 70,459 
Valuation allowance (a)
(5,091)(19,368)
    Total gross deferred tax assets57,502 51,091 
Interest rate swaps(170)(1,021)
Depreciation(7,285)(4,000)
Goodwill and intangible assets(50,571)(26,786)
Operating lease right-of-use assets(11,870)(10,962)
Other— (193)
    Total gross deferred tax liabilities(69,896)(42,962)
Net deferred tax (liabilities) assets (b)
$(12,394)$8,129 
(a) A valuation allowance was provided against US capital losses in connection with a recent stock sale, certain state net operating losses, tax credits, and foreign tax loss deferred tax assets arising from carryforwards of unused tax benefits.
(b) Deferred tax assets are included within other assets in the Company's consolidated balance sheets as of December 31, 2024.