Income Taxes (Tables)
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12 Months Ended |
Dec. 31, 2020 |
Income Taxes [Abstract] |
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Components Of Consolidated Income (Losses) From Continuing Operations Before Income Taxes |
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Year Ended December 31, |
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2020 |
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2019 |
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2018 |
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|
|
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|
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|
|
|
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U.S. operations |
|
$ |
362 |
|
$ |
8,553 |
|
$ |
8,998 |
Foreign operations |
|
|
3,223 |
|
|
1,428 |
|
|
(2,525) |
Income before income tax |
|
$ |
3,585 |
|
$ |
9,981 |
|
$ |
6,473 |
|
Components Of Income Tax Provision (Benefit) |
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Year Ended December 31, |
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2020 |
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2019 |
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2018 |
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Current: |
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Federal |
$ |
34 |
|
$ |
(41) |
|
$ |
(74) |
State and local |
|
390 |
|
|
179 |
|
|
41 |
Foreign |
|
863 |
|
|
111 |
|
|
295 |
|
|
1,287 |
|
|
249 |
|
|
262 |
Deferred: |
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|
|
|
|
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Federal |
|
3,084 |
|
|
1,133 |
|
|
2,645 |
State and local |
|
44 |
|
|
(156) |
|
|
326 |
Foreign |
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(91) |
|
|
3,273 |
|
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(575) |
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|
3,037 |
|
|
4,250 |
|
|
2,396 |
Change in valuation allowance for deferred income taxes |
|
(6,284) |
|
|
(13,490) |
|
|
(3,486) |
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(3,247) |
|
|
(9,240) |
|
|
(1,090) |
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|
|
|
|
|
|
|
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Income tax benefit |
$ |
(1,960) |
|
$ |
(8,991) |
|
$ |
(828) |
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Schedule Of Effective Income Tax Rate Reconciliation |
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Year Ended December 31, |
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2020 |
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2019 |
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2018 |
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Statutory income tax expense |
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21.0 |
% |
|
21.0 |
% |
|
21.0 |
% |
Increase (decrease) in income taxes resulting from: |
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|
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Foreign taxes |
|
3.6 |
|
|
0.2 |
|
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(0.9) |
|
State income taxes, net of federal income taxes |
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10.2 |
|
|
1.9 |
|
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3.4 |
|
Income tax credits |
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(17.1) |
|
|
(5.6) |
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|
(6.8) |
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Incentive stock options |
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9.9 |
|
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(3.7) |
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|
1.3 |
|
Change in effective state rate |
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2.3 |
|
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(0.1) |
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|
0.3 |
|
Deferred tax asset write-offs |
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73.1 |
|
|
31.4 |
|
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21.7 |
|
Executive compensation limitation |
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15.6 |
|
|
- |
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|
- |
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Other |
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2.1 |
|
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0.7 |
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|
1.1 |
|
Change in valuation allowance |
|
(175.4) |
|
|
(135.9) |
|
|
(53.9) |
|
Income tax benefit |
|
(54.7) |
% |
|
(90.1) |
% |
|
(12.8) |
% |
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Schedule Of Deferred Tax Assets And Liabilities |
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December 31, |
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2020 |
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2019 |
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Deferred tax assets: |
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Net operating loss, capital loss amount and research & experimentation credit carryforwards |
$ |
37,206 |
|
$ |
40,949 |
Non-cash compensation |
|
1,528 |
|
|
1,622 |
Accrued liabilities |
|
274 |
|
|
263 |
Reserves and other |
|
1,462 |
|
|
1,027 |
Intangibles |
|
68 |
|
|
84 |
|
|
40,538 |
|
|
43,945 |
Valuation allowance |
|
(22,348) |
|
|
(28,632) |
Net deferred tax assets |
|
18,190 |
|
|
15,313 |
Deferred tax liabilities: |
|
|
|
|
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Depreciation |
|
(1,074) |
|
|
(1,091) |
Intangibles |
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(7,529) |
|
|
(7,542) |
Other |
|
299 |
|
|
- |
|
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(8,304) |
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(8,633) |
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Total |
$ |
9,886 |
|
$ |
6,680 |
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Schedule Of Roll Forward Of Valuation Allowance For Deferred Income Tax Assets |
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Balance at Beginning of Year |
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Charged to Costs and Expenses |
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Other Adjustments |
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Balance at End of Year |
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2018 |
$ |
45,811 |
|
$ |
(3,486) |
|
$ |
(203) |
|
$ |
42,122 |
2019 |
$ |
42,122 |
|
$ |
(13,473) |
|
$ |
(17) |
|
$ |
28,632 |
2020 |
$ |
28,632 |
|
$ |
(6,284) |
|
$ |
- |
|
$ |
22,348 |
|
Summary Of Tax Credit Carryforwards |
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|
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Net Operating Loss Carryforward Expiration Dates |
December 31, 2020 |
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|
|
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Expiration Dates December 31, |
|
Net Operating Loss Amount |
2022 |
|
$ |
99,596 |
2023 |
|
|
5,853 |
2024 |
|
|
3,566 |
2025 and beyond |
|
|
11,294 |
Total |
|
$ |
120,309 |
|
Schedule Of Unrecognized Tax Benefits |
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|
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December 31, |
|
2020 |
|
2019 |
|
2018 |
|
|
|
|
|
|
|
|
|
Balance, beginning of year |
$ |
561 |
|
$ |
545 |
|
$ |
476 |
Additions for current year tax positions |
|
87 |
|
|
77 |
|
|
69 |
Additions for prior year tax positions |
|
12 |
|
|
11 |
|
|
- |
Reductions for prior year tax positions |
|
(233) |
|
|
(72) |
|
|
- |
Balance, end of year |
$ |
427 |
|
$ |
561 |
|
$ |
545 |
|