Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Components of Income before Income Tax

Income before income taxes, as shown in the accompanying Consolidated Statements of Operations, includes the following components for the years ended December 31, 2025 and 2024:


	Year Ended December 31,
	2025		2024
Domestic	$	32,916	$	21,200
Foreign	(15,500)		(6,755)
Income before income taxes	$	17,416	$	14,445

Schedule of Significant Components of Income Tax

Significant components of the provision for income taxes for the years ended December 31, 2025 and 2024 were as follows:


	Year Ended December 31,
	2025		2024
Current:
Federal	$	438	$	—
State	199		2
Foreign	991		745
Total current	1,628		747
Deferred:
Federal	7,188		(21,441)
State	1,421		(7,691)
Foreign	(240)		(13)
Total deferred	8,369		(29,145)
Total income tax (benefit) expense	$	9,997	$	(28,398)

Schedule of Reconciliation of Statutory Income to Income Tax Expense

The reconciliation of income tax computed at statutory rates to income tax expense for the years ended December 31, 2025 and 2024 is as follows:


	Year Ended December 31,
	2025				2024
	Amount		Percent		Amount		Percent
U.S. federal statutory tax rate	$	3,657	21.0	%	$	3,033	21.0	%

State and local income taxes, net of federal income tax effect*	1,418		8.1		(6,022)		(41.7)
Foreign tax effects
Canada
Federal statutory tax rate difference between Canada and United States	(146)		(0.8)		(135)		(0.9)
Provincial income taxes	264		1.5		231		1.6
Tax on unremitted earnings	88		0.5		148		1.0
Other	(57)		(0.3)		(66)		(0.5)
United Kingdom
Federal statutory tax rate difference between United Kingdom and United States	(682)		(3.9)		(349)		(2.4)
Changes in valuation allowances	4,443		25.5		2,185		15.1
Other	(21)		(0.1)		33		0.2
Other foreign jurisdictions	24		0.1		56		0.4
Effect of cross-border tax laws	47		0.3		1		—
Tax credits	(20)		(0.1)		(51)		(0.3)
Changes in valuation allowances	—		—		(27,645)		(191.4)
Nontaxable or nondeductible items
Nondeductible executive compensation	942		5.4		400		2.8
Share-based payment awards	(351)		(2.0)		(446)		(3.1)
Meals and entertainment	185		1.0		186		1.3
Other	32		0.2		20		0.2
Changes in unrecognized tax benefits	(175)		(1.0)		(66)		(0.5)
Other adjustments	349		2.0		89		0.6
Effective tax rate	$	9,997	57.4	%	$	(28,398)	(196.6)	%

* The states that contribute to the majority (greater than 50 percent) of the tax effect in this category include Alabama, California, Idaho, Michigan, New Jersey, New York, New York City, Pennsylvania and Tennessee for 2025 and Connecticut, New Jersey, New York, Pennsylvania and Tennessee for 2024.

Schedule of Cash Paid for Income Taxes, Net of Refunds

Cash paid for income taxes, net of refunds, for the years ended December 31, 2025 and 2024 were as follows:


	December 31,
	2025		2024
U.S. federal	$	290	$	525
U.S. state and local	345		294
Foreign:
Canada	996		840
Other foreign	—		(31)
Total foreign	996		809
Income taxes paid (net of refunds received)	$	1,631	$	1,628

Schedule of Significant Components of Deferred Tax Asset and Liability

Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2025 and 2024 were as follows:


	December 31,
	2025		2024
Deferred tax assets:
Goodwill and other intangibles	$	679	$	1,224
Deferred compensation	3,046		3,885
Contingent liabilities	364		448
Net operating loss / tax credit carryforwards	35,070		35,431
Inventories	1,451		1,082
Warranty reserve	173		138
Accounts receivable	384		265
Interest deduction carryforward	—		1,444
Capitalized research expenditures	—		1,882
Other	334		453
Total deferred tax assets	41,501		46,252
Less: valuation allowance	(12,736)		(8,223)
Net deferred tax assets	28,765		38,029
Deferred tax liabilities:
Goodwill and other intangibles	(1,118)		(1,472)
Depreciation	(7,677)		(7,845)
Pension and post-retirement liability	(132)		(410)
Unrealized income on interest rate swap contracts	(10)		(110)
Unremitted earnings of foreign subsidiaries	(155)		(195)
Other	(222)		(247)
Total deferred tax liabilities	(9,314)		(10,279)
Net deferred tax (liabilities) assets	$	19,451	$	27,750

Schedule of Reconciliation of Unrealized tax Benefits

The following table provides a reconciliation of unrecognized tax benefits as of December 31, 2025 and 2024:


	December 31,
	2025		2024
Unrecognized tax benefits at beginning of period:	$	265	$	307

Decreases based on tax positions for prior periods	(92)		(42)

Balance at end of period	$	173	$	265