A reconciliation between the income tax provision at the U.S. statutory tax rate and the Company’s income tax provision on the condensed consolidated statements of income and comprehensive income is below (in thousands, except for tax rates):


	Three Months Ended March 31,
		2026			2025
Income before income taxes		$	1,466		$	11,375
U.S statutory tax rate		21		%	21		%
Income tax expense at statutory rate		308			2,389

State and local income taxes, net of federal income tax effect		121			867
Foreign tax effects:
Mexico
Statutory tax rate difference between Mexico and the United States		4			19
Return to provision adjustments		347			—
Other foreign jurisdictions		7			80
Non-taxable or Non-deductible expenses:
Share-based compensation expenses		49			97
Non-deductible officer compensation expenses		41			155
Other non-deductible expenses		2			18
Other		76			(19)
Total income tax provision		$	955		$	3,606