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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Income (Loss) Before Income Taxes

The components of income (loss) before income taxes are as follows:

		For the Years Ended December 31,
		2025				2024				2023
		(Amounts in thousands)
Domestic		$	(23,511	)		$	(89,321	)		$	(24,888	)
Foreign			85,894				62,286				81,595
Income (loss) before income taxes		$	62,383			$	(27,035	)		$	56,707

Income Tax Provision (Benefit)

The components of the income tax provision (benefit) are as follows:

		For the Years Ended December 31,
		2025				2024				2023
		(Amounts in thousands)
Components of the income tax provision (benefit):
Current		$	16,862			$	15,037			$	19,941
Deferred			(3,373	)			(16,558	)			1,170
Total		$	13,489			$	(1,521	)		$	21,111
Jurisdictional components of the income tax provision (benefit):
Federal		$	(5,470	)		$	(13,684	)		$	2,272
State			3,621				(2,059	)			(26	)
Foreign			15,338				14,222				18,865
Total		$	13,489			$	(1,521	)		$	21,111

Consolidated Deferred Tax Assets (Liabilities)

The components of deferred income taxes are as follows:

		December 31,
		2025				2024
		(Amounts in thousands)
Deferred tax assets:
Stock-based compensation expense		$	8,442			$	6,809
Operating leases			33,000				36,415
Capitalized research and development			23,484				20,641
Inventory			11,327				15,539
Net operating loss carryforwards			7,926				9,877
Business tax credit carryforwards			5,593				5,172
Other			12,678				11,587
Total deferred tax assets			102,450				106,040
Less: valuation allowance			(4,068	)			(517	)
Net deferred tax assets			98,382				105,523
Deferred tax liabilities:
Fixed assets			(14,247	)			(18,318	)
Acquired intangible assets			(67,014	)			(63,132	)
Operating lease right of use assets			(26,211	)			(29,897	)
Debt discount			(12,712	)			(16,202	)
Total deferred tax liabilities			(120,184	)			(127,549	)
Net deferred tax liabilities		$	(21,802	)		$	(22,026	)

Reconciliation of Federal Statutory Rate to Effective Income Tax Rate

The reconciliation of the federal statutory rate to the effective income tax rate for the year ended December 31, 2025, following the adoption of ASU 2023-09 is as follows:

		For the Year Ended December 31,
		2025
		Amount				%
		(Amounts in thousands, except percentages)
Income before income taxes		$	62,383
Expected tax at statutory rate			13,100				21.0	%
Adjustments due to:
State income taxes, net of federal income tax effect (1)			3,643				5.8	%
Foreign tax effects:
Sweden
Contingent consideration			(3,415	)			(5.5	%)
Other			(177	)			(0.3	%)
Netherlands
Statutory tax rate difference			787				1.3	%
Other			(8	)			(0.0	%)
Other foreign jurisdictions			113				0.2	%
Changes in tax laws or rates			—				0.0	%
Effect of cross-border tax laws:
US taxation of foreign earnings, net of foreign tax credits			(545	)			(0.9	%)
Foreign-derived intangible income			(838	)			(1.3	%)
Tax credits:
Research and development tax credits			(1,320	)			(2.1	%)
Changes in valuation allowance			—				0.0	%
Nontaxable or nondeductible items:
Stock compensation			(727	)			(1.2	%)
Executive compensation			3,388				5.4	%
Other			294				0.5	%
Changes in unrecognized tax benefits			(1,294	)			(2.1	%)
Other adjustments			488				0.8	%
Effective tax rate		$	13,489				21.6	%

(1) State taxes in New Jersey, Massachusetts, Pennsylvania and California made up the majority (greater than 50 percent) of the tax effect in this category.

The reconciliation of the federal statutory rate to the effective income tax rate for the years ended December 31, 2024 and 2023, prior to the adoption of ASU 2023-09 is as follows:

		For the Years Ended December 31,
		2024								2023
		Amount				%				Amount				%
		(Amounts in thousands, except percentages)
(Loss) income before income taxes		$	(27,035	)						$	56,707
Expected tax at statutory rate			(5,677	)			21.0	%			11,910				21.0	%
Adjustments due to:
Difference between U.S. and foreign tax			1,200				(4.4	%)			1,078				1.9	%
State income taxes			(1,812	)			6.7	%			1,224				2.2	%
Business tax credits			(1,523	)			5.6	%			(4,522	)			(8.0	%)
Stock-based compensation expense			1,782				(6.6	%)			(2,461	)			(4.3	%)
U.S. taxation of foreign earnings			422				(1.6	%)			539				1.0	%
Executive compensation			2,718				(10.1	%)			3,084				5.4	%
Contingent consideration			796				(2.9	%)			(6,412	)			(11.3	%)
Nondeductible transactions cost			330				(1.2	%)			604				1.1	%
Loss on extinguishment of debt			—				0.0	%			2,634				4.6	%
Debt discount			—				0.0	%			16,650				29.4	%
Foreign exchange loss			—				0.0	%			(2,288	)			(4.0	%)
Change in U.S. and foreign tax rates			494				(1.8	%)			—				0.0	%
Uncertain tax (benefit) provisions			(805	)			3.0	%			165				0.3	%
Change in valuation allowance			106				(0.4	%)			—				0.0	%
Return to provision adjustments			346				(1.3	%)			(1,255	)			(2.2	%)
Other			102				(0.4	%)			161				0.3	%
Income tax (benefit) provision		$	(1,521	)			5.6	%		$	21,111				37.2	%

Schedule of income tax payments (net of refunds received)

The Company made income tax payments (net of refunds received) during the year ended December 31, 2025 as follows:

(Amounts in thousands)
Federal		$	59
State (1)			318
Foreign
Germany			1,821
Netherlands			3,022
Sweden			14,326
Other foreign jurisdictions			1,379
Total income tax payments (net of refunds received)		$	20,925

(1) No individual state accounted for 5% or more of the total income tax payments (net of refunds received) during the year ended December 31, 2025.

Summary of Tax Returns Periods Subject to Examination by Federal, State and Foreign Tax Authorities

The Company’s tax returns are subject to examination by federal, state and foreign tax authorities. The Company’s two major tax jurisdictions are subject to examination for the following periods:

Jurisdiction		Fiscal Years Subject to Examination
United States - federal and state		2021-2025
Sweden		2020-2025

Reconciliation of Unrecognized Tax Benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits:

		For the Years Ended December 31,
		2025				2024
		(Amounts in thousands)
Balance of gross unrecognized tax benefits, beginning of period		$	2,129			$	3,139
Gross amounts of increases in unrecognized tax benefits as a result      of tax positions taken in the current period			80				76
Gross amounts of changes in unrecognized tax benefits as a result      of tax positions taken in the prior period			(10	)			(20	)
Gross amounts of decreases due to release			(1,418	)			(1,066	)
Balance of gross unrecognized tax benefits, end of period		$	781			$	2,129

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