XML 47 R32.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | For the years ended December 31, 2021, 2020 and 2019, income (loss) before income taxes is broken out between U.S. and foreign-sourced operations and consisted of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
Domestic | ​ | $ | 21,328 | ​ | $ | (32,216) | ​ | $ | (37,277)
Foreign | ​ |  | 32,589 | ​ |  | 18,985 | ​ |  | 39,470
Total | ​ | $ | 53,917 | ​ | $ | (13,231) | ​ | $ | 2,193
Schedule of Components of Income Tax Expense (Benefit) | The components of the provision for income taxes for the years ended December 31, 2021, 2020 and 2019, consisted of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
Current expense (benefit): |  | ​ |  |  | ​ |  |  | ​ |
Federal | ​ | $ | 808 | ​ | $ | (937) | ​ | $ | 479
State | ​ |  | 806 | ​ |  | 437 | ​ |  | 662
Foreign | ​ |  | 8,480 | ​ |  | 8,407 | ​ |  | 8,037
Total current expense (benefit) | ​ |  | 10,094 | ​ |  | 7,907 | ​ |  | 9,178
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred expense (benefit): | ​ |  |  | ​ |  |  | ​ |  |
Federal | ​ |  | (468) | ​ |  | (2,688) | ​ |  | (8,111)
State | ​ |  | (1,845) | ​ |  | (4,524) | ​ |  | (3,523)
Foreign | ​ |  | (2,318) | ​ |  | (4,083) | ​ |  | (802)
Total deferred expense (benefit) | ​ |  | (4,631) | ​ |  | (11,295) | ​ |  | (12,436)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total income tax expense (benefit) | ​ | $ | 5,463 | ​ | $ | (3,388) | ​ | $ | (3,258)
Schedule of Effective Income Tax Rate Reconciliation | The difference between the income tax expense (benefit) reported and amounts computed by applying the statutory federal rate of 21.0% to pretax income (loss) for the years ended December 31, 2021, 2020 and 2019, consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 (1) |  | 2019 (1)
Computed federal income tax expense (benefit) at applicable statutory rate of 21% | ​ | $ | 11,323 | ​ | $ | (2,778) | ​ | $ | 461
State income tax benefit | ​ |  | (283) | ​ |  | (1,448) | ​ |  | (2,241)
Tax credits | ​ |  | (2,507) | ​ |  | (2,391) | ​ |  | (1,064)
Tax effect of international items | ​ |  | (281) | ​ |  | 4,705 | ​ |  | 1,325
Uncertain tax positions | ​ |  | 401 | ​ |  | (455) | ​ |  | (574)
Deferred compensation insurance assets | ​ |  | (413) | ​ |  | (290) | ​ |  | (493)
Stock-based compensation | ​ |  | (5,571) | ​ |  | (1,822) | ​ |  | (1,659)
Valuation allowance | ​ | ​ | — | ​ | ​ | 1,257 | ​ | ​ | —
DOJ settlement | ​ | ​ | — | ​ | ​ | 1,890 | ​ | ​ | —
Remeasurement of state deferred taxes | ​ | ​ | (526) | ​ | ​ | (1,765) | ​ | ​ | —
Non-deductible expenses | ​ | ​ | 2,455 | ​ | ​ | 1,077 | ​ | ​ | 1,320
Remeasurement of contingent consideration liabilities | ​ | ​ | 733 | ​ | ​ | (1,185) | ​ | ​ | (87)
Other — including the effect of graduated rates | ​ |  | 132 | ​ |  | (183) | ​ |  | (246)
Total income tax expense (benefit) | ​ | $ | 5,463 | ​ | $ | (3,388) | ​ | $ | (3,258)
(1) Amounts for the years ended December 31, 2020 and 2019 in the table above have been updated for presentation and comparative purposes
Schedule of Deferred Tax Assets and Liabilities | Deferred income tax assets and liabilities at December 31, 2021 and 2020, consisted of the following temporary differences and carry-forward items (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 (1)
Deferred income tax assets: |  | ​ |  |  | ​ |
Allowance for credit losses on trade receivables | ​ | $ | 1,494 | ​ | $ | 1,198
Accrued compensation expense | ​ |  | 11,063 | ​ |  | 9,694
Inventory differences | ​ |  | 4,887 | ​ |  | 3,161
Net operating loss carryforwards | ​ |  | 14,833 | ​ |  | 18,622
Stock-based compensation expense | ​ |  | 6,388 | ​ |  | 7,360
Operating lease assets | ​ | ​ | 13,431 | ​ | ​ | 15,182
Federal R&D tax credit | ​ | ​ | 5,003 | ​ | ​ | 3,607
UT R&D Credit | ​ | ​ | 4,126 | ​ | ​ | 3,484
Other | ​ |  | 9,939 | ​ |  | 11,126
Total deferred income tax assets | ​ |  | 71,164 | ​ |  | 73,434
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred income tax liabilities: | ​ |  |  | ​ |  |
Prepaid expenses | ​ |  | (1,047) | ​ |  | (1,078)
Property and equipment | ​ |  | (20,797) | ​ |  | (20,671)
Intangible assets | ​ |  | (42,888) | ​ |  | (47,178)
Foreign withholding tax | ​ |  | (5,575) | ​ |  | (5,358)
Operating lease liabilities | ​ | ​ | (11,938) | ​ | ​ | (13,855)
Other | ​ |  | (3,556) | ​ |  | (3,796)
Total deferred income tax liabilities | ​ |  | (85,801) | ​ |  | (91,936)
Valuation allowance | ​ |  | (10,786) | ​ |  | (10,213)
Net deferred income tax liabilities | ​ | $ | (25,423) | ​ | $ | (28,715)
​ | ​ | ​ | ​ | ​ | ​ | ​
Reported as: | ​ |  |  | ​ |  |
Deferred income tax assets | ​ | $ | 6,080 | ​ | $ | 4,597
Deferred income tax liabilities | ​ |  | (31,503) | ​ |  | (33,312)
Net deferred income tax liabilities | ​ | $ | (25,423) | ​ | $ | (28,715)
| (1) | Amounts for the year ended December 31, 2020 in the table above have been updated for presentation and comparative purposes
Summary of Income Tax Contingencies | A reconciliation of the beginning and ending amount of liabilities associated with uncertain tax benefits for the years ended December 31, 2021, 2020 and 2019, consisted of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
Unrecognized tax benefits, opening balance | ​ | $ | 1,674 | ​ | $ | 2,161 | ​ | $ | 2,947
Gross increases (decreases) in tax positions taken in a prior year | ​ |  | 82 | ​ |  | 115 | ​ |  | (244)
Gross increases in tax positions taken in the current year | ​ |  | 316 | ​ |  | 283 | ​ |  | 229
Lapse of applicable statute of limitations | ​ |  | (437) | ​ |  | (885) | ​ |  | (771)
Unrecognized tax benefits, ending balance | ​ | $ | 1,635 | ​ | $ | 1,674 | ​ | $ | 2,161

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 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://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 income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration