Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.24.0.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2023
Income Taxes  
Schedule of deferred tax assets and liabilities

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December 31,

​

December 31,

​

​

    

2023

    

2022

 

Deferred tax assets:

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​

​

​

​

​

​

Accruals and reserves

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$

574

​

$

631

​

Deferred rent credit

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​

115

​

​

146

​

Depreciation and amortization

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​

55

​

​

38

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Total deferred tax assets

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​

744

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​

815

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Deferred tax liabilities:

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​

​

​

​

​

​

Depreciation and amortization

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​

(5,974)

​

 

(4,604)

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Total deferred tax liabilities

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​

(5,974)

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​

(4,604)

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Net deferred tax (liabilities) asset

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$

(5,230)

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$

(3,789)

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Schedule of provision for income taxes

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Year ended December 31,

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2023

    

2022

    

Current:

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​

​

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Federal

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$

2,793

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$

2,694

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State

​

 

676

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622

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Foreign

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1,372

​

 

1,254

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​

​

 

4,841

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4,570

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Deferred:

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​

​

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​

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Federal

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32

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(124)

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State

​

​

10

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(30)

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Foreign

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(425)

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(381)

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​

​

 

(383)

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(535)

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​

​

$

4,458

​

$

4,035

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Effective Tax Rate

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26.6

%  

 

24.4

%  

Schedule of difference between total tax expense and the amount computed by applying the U.S. statutory federal income tax rate to income before income taxes

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Year ended December 31,

 

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2023

    

2022

 

Statutory rate applied to pretax income

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$

3,524

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$

3,472

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Other permanent items

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​

569

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​

156

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State income taxes, net of federal income tax benefit

​

 

542

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468

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Acquisition related costs

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​

132

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​

—

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Other items

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—

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11

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Dividends

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​

(3)

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​

(9)

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GILTI, net of foreign tax credits

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(11)

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​

(50)

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Foreign income taxes (under) over U.S. statutory rate

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(46)

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137

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Stock compensation

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​

(249)

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​

(150)

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Income tax expense

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$

4,458

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$

4,035

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Schedule of components of income before income taxes

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​

​

​

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Year ended December 31,

 

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2023

​

2022

 

United States

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$

11,990

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$

12,968

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Foreign

​

 

4,791

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3,564

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​

​

$

16,781

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$

16,532

​