Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.20.4
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2020
Income Taxes [Abstract]  
Components Of Consolidated Income (Losses) From Continuing Operations Before Income Taxes

Year Ended December 31,

2020

2019

2018

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)

Year Ended December 31,

2020

2019

2018

Current:

Federal

$

34

$

(41)

$

(74)

State and local

390

179

41

Foreign

863

111

295

1,287

249

262

Deferred:

Federal

3,084

1,133

2,645

State and local

44

(156)

326

Foreign

(91)

3,273

(575)

3,037

4,250

2,396

Change in valuation allowance for deferred income taxes

(6,284)

(13,490)

(3,486)

(3,247)

(9,240)

(1,090)

Income tax benefit

$

(1,960)

$

(8,991)

$

(828)

Schedule Of Effective Income Tax Rate Reconciliation

Year Ended December 31,

2020

2019

2018

Statutory income tax expense

21.0

%

21.0

%

21.0

%

Increase (decrease) in income taxes resulting from:

Foreign taxes

3.6

0.2

(0.9)

State income taxes, net of federal income taxes

10.2

1.9

3.4

Income tax credits

(17.1)

(5.6)

(6.8)

Incentive stock options

9.9

(3.7)

1.3

Change in effective state rate

2.3

(0.1)

0.3

Deferred tax asset write-offs

73.1

31.4

21.7

Executive compensation limitation

15.6

-

-

Other

2.1

0.7

1.1

Change in valuation allowance

(175.4)

(135.9)

(53.9)

Income tax benefit

(54.7)

%

(90.1)

%

(12.8)

%

Schedule Of Deferred Tax Assets And Liabilities

December 31,

2020

2019

Deferred tax assets:

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:

Depreciation

(1,074)

(1,091)

Intangibles

(7,529)

(7,542)

Other

299

-

(8,304)

(8,633)

Total

$

9,886

$

6,680

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

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

Net Operating Loss Carryforward Expiration Dates

December 31, 2020

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

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