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v3.25.2

Income Taxes (Tables) | 6 Months Ended
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Jun. 30, 2025
Income Taxes |
Schedule of reconciliation of U.S. statutory rate with Company's effective tax rate | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Six Months | ​
​ | ​ | Ended June 30, | ​
​ |  | 2025 |  | 2024 | ​
Federal income tax expense at statutory rate |  | 21.0 | % | 21.0 | %
Effect of: |  | ​ | ​ | ​ | ​
Section 162 (m) | ​ | 14.3 | ​ | - | ​
State income tax net of federal benefit | ​ | 2.5 | ​ | 0.8 | ​
Tax effects of foreign operations | ​ | 1.5 | ​ | 7.1 | ​
GILTI provisions | ​ | 0.8 | ​ | 17.6 | ​
Withholding tax | ​ | 0.2 | ​ | - | ​
Deemed interest | ​ | (0.3) | ​ | (5.2) | ​
Foreign rate differential | ​ | (0.4) | ​ | (1.4) | ​
Change in tax rates | ​ | (0.7) | ​ | - | ​
Change in valuation allowance | ​ | (2.1) | ​ | 6.4 | ​
Effect of stock-based compensation | ​ | (21.1) | ​ | (2.9) | ​
Increase in unrecognized tax benefits (ASC 740) | ​ | - | ​ | 5.5 | ​
Return to provision true up | ​ | - | ​ | (3.2) | ​
Foreign operations permanent differences - foreign exchange gains and losses | ​ | - | ​ | (7.9) | ​
Other | ​ | 0.4 | ​ | 4.2 | ​
Effective tax rate | ​ | 16.1 | % | 42.0 | %
Schedule of roll forward of the Company's unrecognized tax benefits and associated interest | The following table presents a roll-forward of the Company’s unrecognized tax benefits and associated interest for the six months ended June 30, 2025 (in thousands): ​
​ | ​ | ​ | ​
​ |  | Unrecognized
​ |  | Tax Benefits
Balance - January 1, 2025 | ​ | $ | 999
Increase for current period tax positions | ​ |  | 173
Decrease for prior year tax positions | ​ | ​ | (214)
Interest accrual | ​ |  | 28
Foreign currency remeasurement | ​ |  | 6
Balance - June 30, 2025 | ​ | $ | 992
​

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- 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://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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