INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes

Provision for Income Taxes

	Years Ended December 31,
	2022		2021		2020
Current:
Federal	$	25,483	$	18,450	$	13,350
State		8,200		7,413		5,726
Total current		33,683		25,863		19,076
Deferred:
Federal		(743)		655		(1,108)
State		(524)		98		(537)
Total deferred		(1,267)		753		(1,645)
Provision for income taxes	$	32,416	$	26,616	$	17,431

Components of Deferred Taxes

	2022		2021
Deferred tax assets:
Allowance for credit losses	$	1,349	$	1,266
Inventory costs capitalized for tax purposes		227		254
Inventory valuation reserves		57		402
Sales return reserves		140		164
Deductible expenses, primarily employee-benefit related		79		18
Accrued compensation		2,249		2,792
Operating lease liability		2,084		2,668
Other		632		1,399
Qualified research expenses		598		—
Compensation under non-statutory stock option agreements		1,281		866
State tax loss carryforwards		1,151		1,411
Total gross deferred tax assets		9,847		11,240
Less: Valuation allowance		(1,064)		(1,174)
Net deferred tax assets		8,783		10,066
Deferred tax liabilities:
Goodwill and other intangibles		(13,990)		(14,243)
Property and equipment		(10,572)		(12,552)
Right-of-use assets		(1,930)		(2,503)
Prepaid expenses		(261)		(46)
Total gross deferred tax liabilities		(26,753)		(29,344)
Net deferred tax liability	$	(17,970)	$	(19,278)
Current deferred tax assets	$	—	$	—
Noncurrent deferred tax liability		(17,970)		(19,278)
Net deferred tax liability	$	(17,970)	$	(19,278)

Reconciliation of Income Tax Provision to Total Income Taxes at Statutory Federal Tax Rate

	2022		2021		2020
Federal income taxes, at statutory tax rate	$	25,543	$	20,270	$	15,378
State income taxes, net of federal benefit		5,954		5,954		3,987
Nondeductible expenses		928		645		365
Tax credits		—		—		(2,093)
Other, net		(9)		(253)		(206)
Income tax provision	$	32,416	$	26,616	$	17,431