v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes
202520242023
Current tax expense (benefit)
US Federal$1,708 $1,829 $26 
US State and local(7)75 88 
Foreign2,611 1,805 2,835 
Total current tax expense 4,312 3,709 2,949 
Deferred tax expense (benefit)
US Federal$(575)$812 $2,844 
US State and local(90)67 80 
Foreign(165)(406)(451)
Total deferred tax expense (benefit)(830)473 2,473 
Total income tax expense (benefit)
US Federal$1,133 $2,641 $2,870 
US State and local(97)142 168 
Foreign2,446 1,399 2,384 
Total income tax expense 3,482 4,182 5,422 
Reconciliation of Income Tax Provision
A reconciliation of the U.S. Federal statutory rate to the 2025 annual tax rate is as follows (in thousands):

2025
AmountPercent
US federal statutory income tax rate$3,082 21.0 %
State income tax, net of U.S. federal tax benefit$(115)(0.8)%
Domestic federal
Tax Credits$64 0.4 %
Cross Border Tax Laws
Foreign derived intangible income$(310)(2.1)%
Nontaxable and nondeductible items, net
Permanent compensation differences$273 1.9 %
Other$151 1.0 %
Other Reconciling Items$(29)(0.2)%
Foreign tax effects
Canada
Statutory income tax rate differential$225 1.5 %
Other$29 0.2 %
Mexico
Statutory income tax rate differential$157 1.1 %
Other$(45)(0.3)%
Provision for Income taxes$3,482 23.7 %
A reconciliation of the U.S. Federal statutory rate to our 2024 and 2023 annual tax rate is as follows (in thousands):
20242023
US federal statutory income tax expense$3,671 $5,407 
State and local tax expense (a)126 (6)
Effect of foreign taxes534 143 
Foreign direct investment(451)(153)
Permanent compensation differences429 (94)
Other(127)125 
Provision for Income taxes4,182 5,422 
(a) State taxes in Texas make up the majority (greater than 50%) of the tax effect in this category.

A summary of income taxes paid in 2025 is as follows (in thousands):
2025
US federal$1,500 
US state and local (a)94 
Canada1,341 
Mexico736 
Total3,671 
(a) No single state or local jurisdiction accounts for more than 5% of the total income taxes paid
Schedule of Deferred Tax Assets
Deferred tax assets (liabilities) consist of the following at December 31 (in thousands):
20252024
U.S. local operating loss carryforwards1,333 1,273 
Accrued liabilities641 586 
Accounts receivable95 53 
Inventory249 220 
Property, plant, and equipment(3,870)(5,303)
Post retirement benefits931 1,034 
Goodwill and finite-lived assets, net1,951 2,112 
Other, net585 1,708 
Total deferred tax asset1,915 1,683 
Valuation allowance for deferred tax assets(1,327)(1,265)
Total deferred tax asset, net$588 $418