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

​