Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Benefit from Income Taxes

For the years ended December 31,	2020			2019			2018
(dollars in thousands)
Current (benefit) provision
Federal	$	(16	)	$	(7	)	$	(1	)
State		-			22			86
Deferred (benefit) provision
Federal		(5,154	)		(279	)		2,100
State		(77	)		(238	)		(250	)
(Benefit) provision for income taxes	$	(5,247	)	$	(502	)	$	1,935

Schedule of Effective Income Tax Rate Reconciliation

For the years ended December 31,		2020				2019				2018
Tax (benefit) provision at statutory tax rate	$		(5,102	)	$		792		$		2,645
State income taxes, net of federal impact			(129	)			38				74
Research and development tax credit			(372	)			(1,233	)			(874	)
Valuation allowance, net of federal impact			-				(193	)			(167	)
Adjustments to deferred taxes			279				41				277
Other, net			77				53				(20	)
(Benefit) provision for income taxes	$		(5,247	)	$		(502	)	$		1,935

Schedule of Deferred Tax Assets and Liabilities

December 31,	2020		2019
(dollars in thousands)
Noncurrent deferred income taxes:
Federal and state tax carryforwards	$	10,950	$	7,659
Inventory		1,409		970
Share-based compensation		1,919		2,029
Receivables		59		166
Accrued liabilities		271		333
Other		12		7
Total deferred tax assets	$	14,620	$	11,164
Deferred tax liabilities:
Property, plant and equipment	$	19,672	$	21,312
Other		673		814
Total deferred tax liabilities	$	20,345	$	22,126
Total noncurrent deferred income taxes	$	5,725	$	10,962