Note 13 - Income Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| Notes Tables |
|
| Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
| |
|
For the Years Ended December 31, |
|
| |
|
2022 |
|
|
2021 |
|
|
2020 |
|
| U.S. |
|
$ |
51,437 |
|
|
|
66,575 |
|
|
|
(59,187 |
) |
| Foreign |
|
|
(8,646 |
) |
|
|
(2,334 |
) |
|
|
849 |
|
| Total |
|
$ |
42,791 |
|
|
|
64,241 |
|
|
|
(58,338 |
) |
|
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
| |
|
For the Years Ended December 31, |
|
| |
|
2022 |
|
|
2021 |
|
|
2020 |
|
| Current: |
|
|
|
|
|
|
|
|
|
|
|
|
| Federal |
|
$ |
12,117 |
|
|
|
10,672 |
|
|
|
(5,912 |
) |
| State |
|
|
3,630 |
|
|
|
2,855 |
|
|
|
(599 |
) |
| |
|
|
15,747 |
|
|
|
13,527 |
|
|
|
(6,511 |
) |
| Deferred: |
|
|
|
|
|
|
|
|
|
|
|
|
| Federal |
|
|
(251 |
) |
|
|
3,234 |
|
|
|
(3,800 |
) |
| State |
|
|
(347 |
) |
|
|
414 |
|
|
|
(937 |
) |
| |
|
|
(598 |
) |
|
|
3,648 |
|
|
|
(4,737 |
) |
| Provision (benefit) for income taxes |
|
$ |
15,149 |
|
|
|
17,175 |
|
|
|
(11,248 |
) |
|
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| |
|
For the Years Ended December 31, |
|
| |
|
2022 |
|
|
2021 |
|
|
2020 |
|
| Income tax provision (benefit) at expected federal income tax rate (1) |
|
$ |
8,986 |
|
|
|
13,491 |
|
|
|
(12,251 |
) |
| Increase (decrease) resulting from: |
|
|
|
|
|
|
|
|
|
|
|
|
| Provision (benefit) for state taxes, net of federal effect |
|
|
2,521 |
|
|
|
2,670 |
|
|
|
(1,219 |
) |
| Taxes related to noncontrolling interests in subsidiaries not consolidated for income tax purposes |
|
|
72 |
|
|
|
31 |
|
|
|
854 |
|
| Nondeductible IT'SUGAR's bankruptcy costs |
|
|
460 |
|
|
|
248 |
|
|
|
— |
|
| Nondeductible goodwill |
|
|
— |
|
|
|
— |
|
|
|
437 |
|
| Nondeductible executive compensation |
|
|
1,451 |
|
|
|
— |
|
|
|
773 |
|
| Increase (decrease) in valuation allowance |
|
|
2,048 |
|
|
|
427 |
|
|
|
(142 |
) |
| Other – net |
|
|
(389 |
) |
|
|
308 |
|
|
|
300 |
|
| Provision (benefit) for income taxes |
|
$ |
15,149 |
|
|
|
17,175 |
|
|
|
(11,248 |
) |
|
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
| |
|
As of December 31, |
|
| |
|
2022 |
|
|
2021 |
|
|
2020 |
|
| Deferred federal and state tax assets: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net operating loss carryforwards |
|
$ |
10,570 |
|
|
|
7,943 |
|
|
|
7,275 |
|
| Book reserves for credit losses, inventory, real estate and property and equipment |
|
|
1,257 |
|
|
|
1,450 |
|
|
|
1,324 |
|
| Expenses recognized for books and deferred for tax |
|
|
3,439 |
|
|
|
1,288 |
|
|
|
1,860 |
|
| Operating lease liabilities |
|
|
8,156 |
|
|
|
2,407 |
|
|
|
317 |
|
| Investment in IT'SUGAR, LLC |
|
|
458 |
|
|
|
2,060 |
|
|
|
3,510 |
|
| Intangible assets |
|
|
— |
|
|
|
180 |
|
|
|
226 |
|
| Other assets |
|
|
334 |
|
|
|
332 |
|
|
|
835 |
|
| Total gross federal and state deferred tax assets |
|
|
24,214 |
|
|
|
15,660 |
|
|
|
15,347 |
|
| Less deferred tax asset valuation allowance |
|
|
(9,248 |
) |
|
|
(7,199 |
) |
|
|
(6,772 |
) |
| Total deferred tax assets |
|
|
14,966 |
|
|
|
8,461 |
|
|
|
8,575 |
|
| Deferred federal and state tax liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Tax over book depreciation |
|
|
(1,735 |
) |
|
|
(1,727 |
) |
|
|
(456 |
) |
| Operating lease assets |
|
|
(7,965 |
) |
|
|
(2,610 |
) |
|
|
(288 |
) |
| Intangible assets |
|
|
(231 |
) |
|
|
— |
|
|
|
— |
|
| Other liabilities |
|
|
(776 |
) |
|
|
(348 |
) |
|
|
(407 |
) |
| Total gross deferred federal and state tax liabilities |
|
|
(10,707 |
) |
|
|
(4,685 |
) |
|
|
(1,151 |
) |
| Net federal and state deferred tax assets |
|
$ |
4,259 |
|
|
|
3,776 |
|
|
|
7,424 |
|
|