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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | Income from continuing operations before income tax expense consisted of the following (in thousands):
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
Domestic | 73,505 |  |  | 35,253 |  |  | 16,039 |
Foreign | 109,297 |  |  | 96,236 |  |  | 119,309 |
| 182,802 |  |  | 131,489 |  |  | 135,348 |
Constituents of Provision for Income Taxes | Income tax expense consisted of the following (in thousands):
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
Current: |
Federal | $ | 4,576 |  |  | $ | 28,009 |  |  | $ | 29,084 |
State | 4,440 |  |  | 4,524 |  |  | 3,544 |
Foreign | 19,647 |  |  | 12,795 |  |  | 9,207 |
| 28,663 |  |  | 45,328 |  |  | 41,835 |
Deferred: |  |  |  |  |
Federal | 30,481 |  |  | (22,273) |  |  | (24,731) |
State | 668 |  |  | (1,324) |  |  | (5,877) |
Foreign | 8,548 |  |  | 3,587 |  |  | 10,887 |
| 39,697 |  |  | (20,010) |  |  | (19,721) |
| $ | 68,360 |  |  | $ | 25,318 |  |  | $ | 22,114 |
Reconciliation of the United States Federal Statutory Corporate Tax Rate to the Company's Effective Tax Rate or Income Tax Provision | A reconciliation of the U.S. federal statutory corporate tax rate to the Company’s income tax expense, or effective tax rate, presented in accordance with the prospectively adopted ASU 2023-09, was as follows for the year ended December 31, 2025:
| Year Ended December 31, 2025 |  |  |  |  |  |
| $ |  | % |  |  |  |  |  |  |  |  |  |
U.S. federal statutory income tax rate | $38,397 |  | 21.0 | % |  |  |  |  |  |  |  |  |  |
State and local tax effects (1) | 3,629 |  | 2.0 | % |  |  |  |  |  |  |  |  |  |
Foreign tax effects |  |  |  |  |  |  |  |  |  |  |  |  |
Ireland |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign rate differential | (4,355) |  | (2.4) | % |  |  |  |  |  |  |  |  |  |
Transfer pricing adjustment | 2,185 |  | 1.2 | % |  |  |  |  |  |  |  |  |  |
Other | 594 |  | 0.3 | % |  |  |  |  |  |  |  |  |  |
Japan | 1,325 |  | 0.7 | % |  |  |  |  |  |  |  |  |  |
Germany | 1,232 |  | 0.7 | % |  |  |  |  |  |  |  |  |  |
China | 2,421 |  | 1.3 | % |  |  |  |  |  |  |  |  |  |
Other jurisdictions | 688 |  | 0.4 | % |  |  |  |  |  |  |  |  |  |
Tax on Unremitted Foreign Earnings | (414) |  | (0.2) | % |  |  |  |  |  |  |  |  |  |
Changes in tax rate due to new enacted law | 33,237 |  | 18.2 | % |  |  |  |  |  |  |  |  |  |
Cross-border tax laws |  |  |  |  |  |  |  |  |  |  |  |  |
Net CFC Tested Income | 4,112 |  | 2.2 | % |  |  |  |  |  |  |  |  |  |
Foreign tax credits | (16,257) |  | (8.9) | % |  |  |  |  |  |  |  |  |  |
Other | 302 |  | 0.2 | % |  |  |  |  |  |  |  |  |  |
Tax credits |  |  |  |  |  |  |  |  |  |  |  |  |
R&D tax credits | (3,186) |  | (1.7) | % |  |  |  |  |  |  |  |  |  |
Valuation allowance changes | 272 |  | 0.1 | % |  |  |  |  |  |  |  |  |  |
Non-taxable items |  |  |  |  |  |  |  |  |  |  |  |  |
Share based compensation | 4,370 |  | 2.4 | % |  |  |  |  |  |  |  |  |  |
Other | 576 |  | 0.3 | % |  |  |  |  |  |  |  |  |  |
Unrecognized tax benefits | (1,055) |  | (0.6) | % |  |  |  |  |  |  |  |  |  |
All other adjustments not categorized | 287 |  | 0.2 | % |  |  |  |  |  |  |  |  |  |
Total worldwide effective tax expense and rate | 68,360 |  | 37.4 | % |  |  |  |  |  |  |  |  |  |
(1) State Taxes in California, Illinois, Massachusetts, Michigan, Minnesota, Pennsylvania, and Tennessee made up the majority (greater than 50%) of tax effect in this category. |  |
A reconciliation of the U.S. federal statutory corporate tax rate to the Company’s income tax expense, or effective tax rate, was as follows for the years ended December 31, 2024 and December 31, 2023:
|  |  | Year Ended December 31,
|  |  | 2024 |  | 2023
Income tax expense at U.S. federal statutory corporate tax rate |  |  | 21 | % |  | 21 | %
State income taxes, net of federal benefit |  |  | 2 |  |  | 1 |
Foreign tax rate differential |  |  | (4) |  |  | (6) |
Tax credits |  |  | (3) |  |  | (3) |
Taxation on multinational operations |  |  | (5) |  |  | (3) |
Tax reserves |  |  | 1 |  |  | 3 |
Limitation on deduction for executive compensation |  |  | 1 |  |  | 2 |
Discrete tax expense related to employee stock-based compensation |  |  | 2 |  |  | 1 |
Discrete tax benefit for audit settlements |  |  | 1 |  |  | — |
Discrete tax expense for foreign earnings not indefinitely reinvested |  |  | 1 |  |  | — |
Discrete tax expense related to tax return filings |  |  | — |  |  | 2 |
Discrete tax expense related to rate revaluation on state tax assets |  |  | — |  |  | 2 |
Discrete tax benefit related to GILTI adjustments |  |  | — |  |  | (2) |
Discrete tax benefit for release of valuation allowance |  |  | — |  |  | (4) |
Other |  |  | 2 |  |  | 2 |
Income tax expense |  |  | 19 | % |  | 16 | %
Schedule of Unrecognized Tax Benefits Roll Forward | The changes in gross amounts of unrecognized tax benefits, excluding interest and penalties, were as follows (in thousands):
Balance of reserve for income taxes as of December 31, 2022 | $ | 13,647 |
Reductions as a result of tax positions taken in prior periods | (242) |
Additions as a result of tax positions taken in prior periods | 12,556 |
Additions as a result of tax positions taken in the current period | 1,877 |
Reductions relating to settlements with taxing authorities | (1,230) |
Reductions as a result of the expiration of the applicable statutes of limitations | (894) |
Balance of reserve for income taxes as of December 31, 2023 | 25,714 |
Reductions as a result of tax positions taken in prior periods | (39) |
Additions as a result of tax positions taken in prior periods | 208 |
Additions as a result of tax positions taken in the current period | 1,935 |
Reductions relating to settlements with taxing authorities | (2,751) |
Reductions as a result of the expiration of the applicable statutes of limitations | (1,331) |
Balance of reserve for income taxes as of December 31, 2024 | 23,736 |
Reductions as a result of tax positions taken in prior periods | (1,597) |
Additions as a result of tax positions taken in prior periods | 825 |
Additions as a result of tax positions taken in the current period | 1,853 |
Reductions relating to settlements with taxing authorities | — |
Reductions as a result of the expiration of the applicable statutes of limitations | (3,547) |
Balance of reserve for income taxes as of December 31, 2025 | $ | 21,270 |
Schedule of Cash Flow, Supplemental Disclosures | Cash paid for income taxes for the year ended December 31, 2025 was as follows:
|  | 2025 |  |  |  |
U.S. federal |  | $ | 23,586 |  |  |  |  |
State and local |  | 2,417 |  |  |  |  |
Japan |  | 6,669 |  |  |  |  |
China |  | 2,106 |  |  |  |  |
Other |  | 7,553 |  |  |  |  |
Total income taxes paid |  | $ | 42,331 |  |  |  |  |
Constituents of Deferred Tax Assets | The tax effects of temporary differences and attributes that give rise to deferred income tax assets and liabilities as of December 31, 2025 and December 31, 2024 were as follows (in thousands):
| December 31,
| 2025 |  | 2024
Deferred tax assets: |  |  |
Intangible asset in connection with change in tax structure | $ | 361,385 |  |  | $ | 369,474 |
Capitalization of R&D expenses | 26,620 |  |  | 35,948 |
Stock-based compensation expense | 21,617 |  |  | 22,428 |
Tax credit carryforwards | 10,849 |  |  | 10,186 |
Inventory and revenue related | 8,583 |  |  | 8,355 |
Bonuses, commissions, and other compensation | 8,894 |  |  | 6,949 |
Depreciation | — |  |  | 2,877 |
Foreign net operating losses | 645 |  |  | 1,306 |
Other | 1,607 |  |  | 4,624 |
Total deferred tax assets | 440,200 |  |  | 462,147 |
Valuation allowance | (2,737) |  |  | (2,515) |
| $ | 437,463 |  |  | $ | 459,632 |
Deferred tax liabilities: |  |  |
NCTI (formerly GILTI) tax basis differences in connection with change in tax structure | $ | (274,026) |  |  | $ | (254,213) |
Amortization | (27,958) |  |  | (29,008) |
Depreciation | (1,744) |  |  | — |
Reserve for unremitted foreign earnings | (986) |  |  | (1,400) |
| $ | (304,714) |  |  | $ | (284,621) |
Net deferred taxes | $ | 132,749 |  |  | $ | 175,011 |

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