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v3.24.0.1

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Deferred income tax assets: |  |
Allowance for credit losses on trade receivables | $ 2,009 | $ 1,925
Accrued compensation expense | 10,285 | 9,968
Inventory differences | 5,477 | 5,712
Net operating loss carryforwards | 10,007 | 11,117
Stock-based compensation expense | 7,913 | 7,167
Operating lease assets | 11,331 | 12,801
Federal R&D tax credit |  | 634
State R&D tax credits | 5,237 | 4,679
IRC Section 174 capitalized R&D | 26,370 | 15,012
Other | 10,159 | 8,827
Total deferred income tax assets | 88,788 | 77,842
Deferred income tax liabilities: |  |
Prepaid expenses | (1,123) | (1,568)
Property and equipment | (23,539) | (20,925)
Intangible assets | (34,613) | (38,547)
Foreign withholding tax | (2,005) | (1,571)
Operating lease liabilities | (10,129) | (11,527)
Other | (1,898) | (2,040)
Total deferred income tax liabilities | (73,307) | (76,178)
Valuation allowance | (13,740) | (13,527)
Net deferred income tax assets | 1,741 |
Net deferred income tax liabilities |  | (11,863)
Reported as: |  |
Deferred income tax assets | 7,288 | 6,599
Deferred income tax liabilities | (5,547) | (18,462)
Net deferred income tax assets | $ 1,741 |
Net deferred income tax liabilities |  | $ (11,863)

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