XML 37 R27.htm IDEA: XBRL DOCUMENT v3.23.1

Income Taxes (Tables)

3 Months Ended

Mar. 31, 2023

Income Taxes

Schedule of effective income tax rate reconciliation

​

​	​	​	​	​	​
​	​	For the Three Months			​
​	​	Ended March 31,			​
​		2023		2022	​
Federal income tax expense at statutory rate		(21.0)	%	(21.0)	%
Effect of:		​	​	​	​
Change in valuation allowance		23.8	​	35.1	​
Tax effects of foreign operations	​	3.8	​	5.9	​
Foreign operations permanent difference - foreign exchange gains and losses	​	3.5	​	4.4	​
Increase in unrecognized tax benefits (ASC 740)	​	3.4	​	1.1	​
Foreign rate differential	​	0.9	​	(8.0)	​
State income tax net of federal benefit	​	0.3	​	0.2	​
Return to provision true up	​	(0.4)	​	4.7	​
Effect of stock based compensation	​	(1.4)	​	-	​
Deemed interest	​	(4.6)	​	(2.6)	​
Other	​	3.2	​	(0.1)	​
Effective tax rate	​	11.5	%	19.7	%

​

Schedule of unrecognized tax benefits

The following table presents a roll-forward of the Company’s unrecognized tax benefits and associated interest for the three months ended March 31, 2023 (in thousands):

​

​	​	​	​
​		Unrecognized
​		tax benefits
Balance - January 1, 2023	​	$	1,680
Increase for current period tax positions	​		44
Interest accrual	​		21
Foreign currency remeasurement	​		9
Balance - March 31, 2023	​	$	1,754

​

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI https://asc.fasb.org/extlink&oid=126976462&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration