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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | For the years ended December 31, 2022, 2021 and 2020, income (loss) before income taxes is broken out between U.S. and foreign-sourced operations and consisted of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Domestic | ​ | $ | 77,562 | ​ | $ | 21,328 | ​ | $ | (32,216)
Foreign | ​ |  | 5,067 | ​ |  | 32,589 | ​ |  | 18,985
Total | ​ | $ | 82,629 | ​ | $ | 53,917 | ​ | $ | (13,231)
​
Schedule of Components of Income Tax Expense (Benefit) | The components of the provision for income taxes for the years ended December 31, 2022, 2021 and 2020, consisted of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Current expense (benefit): |  | ​ |  |  | ​ |  |  | ​ |
Federal | ​ | $ | 9,584 | ​ | $ | 808 | ​ | $ | (937)
State | ​ |  | 3,162 | ​ |  | 806 | ​ |  | 437
Foreign | ​ |  | 10,291 | ​ |  | 8,480 | ​ |  | 8,407
Total current expense | ​ |  | 23,037 | ​ |  | 10,094 | ​ |  | 7,907
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred expense (benefit): | ​ |  |  | ​ |  |  | ​ |  |
Federal | ​ |  | (10,438) | ​ |  | (468) | ​ |  | (2,688)
State | ​ |  | (3,615) | ​ |  | (1,845) | ​ |  | (4,524)
Foreign | ​ |  | (871) | ​ |  | (2,318) | ​ |  | (4,083)
Total deferred benefit | ​ |  | (14,924) | ​ |  | (4,631) | ​ |  | (11,295)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total income tax expense (benefit) | ​ | $ | 8,113 | ​ | $ | 5,463 | ​ | $ | (3,388)
​
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, 2022, 2021 and 2020, consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Computed federal income tax expense (benefit) at applicable statutory rate of 21% | ​ | $ | 17,352 | ​ | $ | 11,323 | ​ | $ | (2,778)
State income tax benefit | ​ |  | 35 | ​ |  | (283) | ​ |  | (1,448)
Tax credits | ​ |  | (1,978) | ​ |  | (2,507) | ​ |  | (2,391)
Tax effect of international items | ​ |  | (10,698) | ​ |  | (281) | ​ |  | 4,705
Uncertain tax positions | ​ |  | (47) | ​ |  | 401 | ​ |  | (455)
Deferred compensation insurance assets | ​ |  | 706 | ​ |  | (413) | ​ |  | (290)
Stock-based compensation | ​ |  | (3,423) | ​ |  | (5,571) | ​ |  | (1,822)
Valuation allowance | ​ | ​ | 3,523 | ​ | ​ | — | ​ | ​ | 1,257
DOJ settlement | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,890
Remeasurement of state deferred taxes | ​ | ​ | (375) | ​ | ​ | (526) | ​ | ​ | (1,765)
Non-deductible expenses | ​ | ​ | 2,027 | ​ | ​ | 2,455 | ​ | ​ | 1,077
Remeasurement of contingent consideration liabilities | ​ | ​ | 1,061 | ​ | ​ | 733 | ​ | ​ | (1,185)
Other — including the effect of graduated rates | ​ |  | (70) | ​ |  | 132 | ​ |  | (183)
Total income tax expense (benefit) | ​ | $ | 8,113 | ​ | $ | 5,463 | ​ | $ | (3,388)
​
Schedule of Deferred Tax Assets and Liabilities | Deferred income tax assets and liabilities at December 31, 2022 and 2021, consisted of the following temporary differences and carry-forward items (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Deferred income tax assets: |  | ​ |  |  | ​ |
Allowance for credit losses on trade receivables | ​ | $ | 1,925 | ​ | $ | 1,494
Accrued compensation expense | ​ |  | 9,968 | ​ |  | 11,063
Inventory differences | ​ |  | 5,712 | ​ |  | 4,887
Net operating loss carryforwards | ​ |  | 11,117 | ​ |  | 14,833
Stock-based compensation expense | ​ |  | 7,167 | ​ |  | 6,388
Operating lease assets | ​ | ​ | 12,801 | ​ | ​ | 13,431
Federal R&D tax credit | ​ | ​ | 634 | ​ | ​ | 5,003
UT R&D Credit | ​ | ​ | 4,679 | ​ | ​ | 4,126
IRC section 174 capitalized R&D | ​ | ​ | 15,012 | ​ | ​ | —
Other | ​ |  | 8,827 | ​ |  | 9,939
Total deferred income tax assets | ​ |  | 77,842 | ​ |  | 71,164
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred income tax liabilities: | ​ |  |  | ​ |  |
Prepaid expenses | ​ |  | (1,568) | ​ |  | (1,047)
Property and equipment | ​ |  | (20,925) | ​ |  | (20,797)
Intangible assets | ​ |  | (38,547) | ​ |  | (42,888)
Foreign withholding tax | ​ |  | (1,571) | ​ |  | (5,575)
Operating lease liabilities | ​ | ​ | (11,527) | ​ | ​ | (11,938)
Other | ​ |  | (2,040) | ​ |  | (3,556)
Total deferred income tax liabilities | ​ |  | (76,178) | ​ |  | (85,801)
Valuation allowance | ​ |  | (13,527) | ​ |  | (10,786)
Net deferred income tax liabilities | ​ | $ | (11,863) | ​ | $ | (25,423)
​ | ​ | ​ | ​ | ​ | ​ | ​
Reported as: | ​ |  |  | ​ |  |
Deferred income tax assets | ​ | $ | 6,599 | ​ | $ | 6,080
Deferred income tax liabilities | ​ |  | (18,462) | ​ |  | (31,503)
Net deferred income tax liabilities | ​ | $ | (11,863) | ​ | $ | (25,423)
​
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, 2022, 2021 and 2020, consisted of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Unrecognized tax benefits, opening balance | ​ | $ | 1,635 | ​ | $ | 1,674 | ​ | $ | 2,161
Gross increases (decreases) in tax positions taken in a prior year | ​ |  | (10) | ​ |  | 82 | ​ |  | 115
Gross increases in tax positions taken in the current year | ​ |  | 294 | ​ |  | 316 | ​ |  | 283
Lapse of applicable statute of limitations | ​ |  | (343) | ​ |  | (437) | ​ |  | (885)
Unrecognized tax benefits, ending balance | ​ | $ | 1,576 | ​ | $ | 1,635 | ​ | $ | 1,674
​

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- 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 https://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 https://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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
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