XML 61 R42.htm IDEA: XBRL DOCUMENT v3.25.0.1

Note 15 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Year Ended December 31,
		2024				2023				2022
Current:
Federal		$	117,749			$	71,741			$	118,320
State			20,970				13,802				25,743
Foreign			14,356				22,115				51,055
			153,075				107,658				195,118
Deferred:
Federal			(46,526	)			(26,504	)			(43,475	)
State			(8,613	)			(5,254	)			(10,966	)
Foreign			(5,565	)			(3,218	)			(40,109	)
			(60,704	)			(34,976	)			(94,550	)
Change in valuation allowance			89				498				(972	)
Provision for income taxes		$	92,460			$	73,180			$	99,596

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		December 31,
		2024				2023
Deferred tax assets:
Accrued expenses		$	52,351			$	48,758
Deferred revenue			43,261				36,927
Inventories			14,103				12,549
Stock-based compensation			16,959				14,143
Operating loss and credit carryforwards			50,327				54,753
Bad debt			1,803				1,380
Other			13,031				8,722
Capitalized R&D			98,323				65,523
Valuation allowance			(5,225	)			(5,136	)
Total deferred tax assets			284,933				237,619
Deferred tax liabilities:
Goodwill and intangible assets			234,271				253,342
Depreciation			49,935				45,964
Debt refinancing costs			-				828
Interest swap and derivative instruments			6,496				9,521
Prepaid expenses			3,284				2,444
Total deferred tax liabilities			293,986				312,099
Net deferred tax liabilities		$	(9,053	)		$	(74,480	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		December 31,
		2024				2023
Unrecognized tax benefit, beginning of period		$	9,703			$	8,895
Increase in unrecognized tax benefit for positions taken in prior period			1,068				3,081
Increase in unrecognized tax benefit for positions taken in current period			943				1,122
Statute of limitation expirations			(536	)			(3,395	)
Settlements			-				-
Unrecognized tax benefit, end of period		$	11,178			$	9,703

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year Ended December 31,
		2024				2023				2022
U.S. statutory rate			21.0	%			21.0	%			21.0	%
State taxes			3.8				4.0				4.0
State tax rate differential			(0.2	)			0.0				(0.3	)
Research and development credits			(1.2	)			(2.4	)			(1.1	)
State credits			(0.5	)			(0.9	)			(1.5	)
Share-based compensation benefit			(1.2	)			(0.4	)			(2.7	)
Nondeductible U.S. compensation expense			1.2				1.0				1.6
Foreign tax deduction			0.0				0.0				(0.4	)
Uncertain tax positions reserve			0.6				0.9				0.0
Global intangible low tax income			0.4				1.7				0.2
Other			(1.3	)			0.3				(1.2	)
Effective tax rate			22.6	%			25.2	%			19.6	%

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

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

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
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://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

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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

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

X

- References

No definition available.

+ Details

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