Income Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
Income Taxes [Abstract] |
|
Components Of Consolidated Income (Losses) From Continuing Operations Before Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2022 |
|
2021 |
|
2020 |
|
|
|
|
|
|
|
|
|
|
U.S. operations |
|
$ |
6,069 |
|
$ |
16,947 |
|
$ |
362 |
Foreign operations |
|
|
(83,200) |
|
|
(3,068) |
|
|
3,223 |
(Loss) income before income tax |
|
$ |
(77,131) |
|
$ |
13,879 |
|
$ |
3,585 |
|
Components Of Income Tax Provision (Benefit) |
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2022 |
|
2021 |
|
2020 |
|
|
|
|
|
|
|
|
|
Current: |
|
|
|
|
|
|
|
|
Federal |
$ |
- |
|
$ |
141 |
|
$ |
34 |
State and local |
|
998 |
|
|
887 |
|
|
390 |
Foreign |
|
1,575 |
|
|
2,057 |
|
|
863 |
|
|
2,573 |
|
|
3,085 |
|
|
1,287 |
Deferred: |
|
|
|
|
|
|
|
|
Federal |
|
4,827 |
|
|
4,338 |
|
|
3,084 |
State and local |
|
956 |
|
|
353 |
|
|
44 |
Foreign |
|
(14,652) |
|
|
(2,020) |
|
|
(91) |
|
|
(8,869) |
|
|
2,671 |
|
|
3,037 |
Change in valuation allowance for deferred income taxes |
|
(1,055) |
|
|
(17,970) |
|
|
(6,284) |
|
|
(9,924) |
|
|
(15,299) |
|
|
(3,247) |
|
|
|
|
|
|
|
|
|
Income tax benefit |
$ |
(7,351) |
|
$ |
(12,214) |
|
$ |
(1,960) |
|
Schedule Of Effective Income Tax Rate Reconciliation |
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2022 |
|
2021 |
|
2020 |
|
|
|
|
|
|
|
|
|
|
Statutory income tax (benefit) expense |
|
(21.0) |
% |
|
21.0 |
% |
|
21.0 |
% |
Increase (decrease) in income taxes resulting from: |
|
|
|
|
|
|
|
|
|
Foreign taxes |
|
(4.8) |
|
|
1.3 |
|
|
3.6 |
|
State income taxes, net of federal income taxes |
|
2.5 |
|
|
10.1 |
|
|
10.2 |
|
Income tax credits |
|
(2.0) |
|
|
(14.1) |
|
|
(17.1) |
|
Stock options |
|
(1.2) |
|
|
(5.5) |
|
|
9.9 |
|
Change in effective state rate |
|
0.2 |
|
|
(0.5) |
|
|
2.3 |
|
Deferred tax asset write-offs |
|
- |
|
|
- |
|
|
73.1 |
|
Executive compensation limitation |
|
3.1 |
|
|
7.3 |
|
|
15.6 |
|
Change in valuation allowance |
|
(1.4) |
|
|
(129.5) |
|
|
(175.4) |
|
Impairment of goodwill |
|
14.3 |
|
|
- |
|
|
- |
|
Research and development expenditure |
|
0.6 |
|
|
1.7 |
|
|
- |
|
Fair value inventory step-up |
|
- |
|
|
4.8 |
|
|
- |
|
Transactions costs |
|
- |
|
|
10.2 |
|
|
- |
|
Other |
|
0.2 |
|
|
5.2 |
|
|
2.1 |
|
Income tax benefit |
|
(9.5) |
% |
|
(88.0) |
% |
|
(54.7) |
% |
|
Schedule Of Deferred Tax Assets And Liabilities |
|
|
|
|
|
|
|
December 31, |
|
2022 |
|
2021 |
|
|
|
|
|
|
Deferred tax assets: |
|
|
|
|
|
Net operating loss, capital loss amount and research & experimentation credit carryforwards |
$ |
10,685 |
|
$ |
19,413 |
Capitalized research and development costs |
|
8,205 |
|
|
7,117 |
Capitalized costs to self-constructed property |
|
7,892 |
|
|
4,876 |
Non-cash compensation |
|
2,534 |
|
|
2,576 |
Accrued liabilities |
|
1,472 |
|
|
1,944 |
Reserves and other |
|
1,960 |
|
|
2,013 |
Intangibles |
|
224 |
|
|
245 |
|
|
32,972 |
|
|
38,184 |
Valuation allowance |
|
(3,323) |
|
|
(4,378) |
Net deferred tax assets |
|
29,649 |
|
|
33,806 |
Deferred tax liabilities: |
|
|
|
|
|
Depreciation |
|
(1,390) |
|
|
(1,737) |
Intangibles |
|
(28,319) |
|
|
(44,814) |
Other |
|
(534) |
|
|
(102) |
|
|
(30,243) |
|
|
(46,653) |
|
|
|
|
|
|
Total |
$ |
(594) |
|
$ |
(12,847) |
|
Schedule Of Roll Forward Of Valuation Allowance For Deferred Income Tax Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at Beginning of Year |
|
Charged to Costs and Expenses |
|
Other Adjustments |
|
Balance at End of Year |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
28,632 |
|
$ |
(6,284) |
|
$ |
- |
|
$ |
22,348 |
2021 |
$ |
22,348 |
|
$ |
(17,970) |
|
$ |
- |
|
$ |
4,378 |
2022 |
$ |
4,378 |
|
$ |
51 |
|
$ |
(1,106) |
|
$ |
3,323 |
|
Summary Of Tax Credit Carryforwards |
|
|
|
|
Net Operating Loss Carryforward Expiration Dates |
December 31, 2022 |
|
|
|
|
Expiration Dates December 31, |
|
Net Operating Loss Amount |
2023 |
|
$ |
1,851 |
2024 |
|
|
3,566 |
2025 |
|
|
1,708 |
2026 and beyond |
|
|
10,538 |
Total |
|
$ |
17,663 |
|
Schedule Of Unrecognized Tax Benefits |
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2022 |
|
2021 |
|
2020 |
|
|
|
|
|
|
|
|
|
Balance, beginning of year |
$ |
696 |
|
$ |
427 |
|
$ |
561 |
Additions for current year tax positions |
|
159 |
|
|
143 |
|
|
87 |
Additions for prior year tax positions |
|
- |
|
|
237 |
|
|
12 |
Reductions for prior year tax positions |
|
(42) |
|
|
(111) |
|
|
(233) |
Balance, end of year |
$ |
813 |
|
$ |
696 |
|
$ |
427 |
|