Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.22.4
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