Annual report [Section 13 and 15(d), not S-K Item 405]

INCOME TAXES (Tables)

v3.25.0.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2024
INCOME TAXES  
Components Of Consolidated Loss From Continuing Operations Before Income Taxes

Year Ended December 31,

2024

2023

2022

U.S. operations

$

(34,575)

$

(19,929)

$

(24,318)

Foreign operations

(36,010)

(150)

(83,200)

Loss from continuing operations before income tax

$

(70,585)

$

(20,079)

$

(107,518)

Components Of Benefit For Income Taxes

Year Ended December 31,

2024

2023

2022

Current:

Federal

$

-

$

-

$

-

State and local

26

90

150

Foreign

2,642

833

1,575

2,668

923

1,725

Deferred:

Federal

25,835

(4,972)

(1,338)

State and local

(1,271)

300

(451)

Foreign

(9,380)

(542)

(14,652)

15,184

(5,214)

(16,441)

Income tax expense (benefit)

$

17,852

$

(4,291)

$

(14,716)

Year Ended December 31,

2024

2023

2022

Continuing operations

$

17,852

$

(4,291)

$

(14,716)

Discontinued operations

479

2,024

7,365

$

18,331

$

(2,267)

$

(7,351)

Schedule Of Effective Income Tax Rate Reconciliation

Year Ended December 31,

2024

2023

2022

Statutory income tax benefit

(21.0)

%

(21.0)

%

(21.0)

%

Increase (decrease) in income taxes resulting from:

Foreign taxes

(1.6)

0.6

(3.5)

State income taxes, net of federal income taxes

(0.2)

(1.9)

1.0

Income tax credits

(5.0)

(6.6)

(1.3)

Stock options

1.1

1.2

(0.9)

Change in effective state rate

(1.8)

-

0.1

Deferred tax asset write-offs

-

13.0

-

Executive compensation limitation

1.4

4.4

2.2

Change in valuation allowance

41.7

(13.0)

(1.0)

Impairment of goodwill

10.8

-

10.3

Research and development expenditure

0.6

1.9

0.4

Other

(0.7)

-

-

Income tax expense (benefit)

25.3

%

(21.4)

%

(13.7)

%

Schedule Of Deferred Tax Assets And Liabilities

December 31,

2024

2023

Deferred tax assets:

Net operating loss, capital loss and research & experimentation credit carryforwards

$

6,358

$

6,752

Capitalized research and development costs

9,221

8,937

Capitalized costs to self-constructed property

5,411

10,593

Non-cash compensation

2,064

2,360

Accrued liabilities

1,878

1,655

Reserves and other

6,493

4,624

Lease liabilities

3,472

3,902

Intangibles

-

1,070

Business Interest Limitation

761

-

35,658

39,893

Valuation allowance

(23,344)

(714)

Net deferred tax assets

12,314

39,179

Deferred tax liabilities:

Depreciation

(1,155)

(1,712)

Intangibles

(18,983)

(28,470)

Right-of-use assets

(3,046)

(3,647)

Other

(1,304)

(605)

(24,488)

(34,434)

Total

$

(12,174)

$

4,745

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

2022

$

4,378

$

51

$

(1,106)

$

3,323

2023

$

3,323

$

26

$

(2,635)

$

714

2024

$

714

$

21,038

$

1,592

$

23,344

Schedule Of Unrecognized Tax Benefits

December 31,

2024

2023

2022

Balance, beginning of year

$

890

$

813

$

696

Additions for current year tax positions

1,815

98

159

Additions for prior year tax positions

310

8

-

Reductions for prior year tax positions

(16)

-

(42)

Reductions due to statute expirations

(136)

(29)

-

Balance, end of year

$

2,863

$

890

$

813