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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Benefit

The components of the income tax expense (benefit) for continuing operations are as follows (in thousands):

			Year Ended December 31,
			2023						2022						2021
Current expense (benefit):
Federal			$	(1,186)					$	10,097					$	460
State			218						193						(22)
Foreign			780						452						—
			(188)						10,742						438
Deferred expense (benefit):
Federal			9,374						(3,656)						(2,901)
State			655						34,144						(1,685)
			10,029						30,488						(4,586)
Total income tax expense (benefit)			$	9,841					$	41,230					$	(4,148)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income tax expense (benefit) from continuing operations to the amount computed by applying the statutory federal income tax rate to the net income (loss) from continuing operations is summarized as follows (in thousands):

 

			Year Ended December 31,
			2023						2022						2021
Tax at federal statutory rate			$	13,448					$	7,562					$	15,163
State, net of federal benefit			397						264						(82)
FDII			(1,037)						(2,395)						(637)
Rate change for changes in federal, foreign or state law			342						(535)						(7,963)
Change in uncertain tax positions			(7,206)						(158)						480
Contingent liabilities			(116)						15						(7,993)
Foreign tax differential on income/loss of foreign subsidiaries			(38)						103						(114)
Research and development credits			(405)						256						(1,628)
Debt repurchases			—						626						—
Subpart F income			479						853						1,392
Share-based compensation			1,241						1,279						(12,080)
Provision to return adjustments			2,200						2,232						(1,347)
Officer compensation			844						5,869						3,239
Change in valuation allowance			(1,184)						24,799						11,245
Other			876						460						(3,823)
			$	9,841					$	41,230					$	(4,148)

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets

(liabilities) are comprised of the following:

			December 31,
			2023						2022
			(in thousands)
Deferred tax assets:
Net operating loss carryforwards			$	45,702					$	53,960
Research credit carryforwards			26,611						26,309
Capitalized R&D			4,550						4,693
Stock compensation			11,886						11,158
Other			15,012						14,849
			103,761						110,969
Valuation allowance for deferred tax assets			(57,699)						(57,472)
Net deferred tax assets			$	46,062					$	53,497
Deferred tax liabilities:
Identified intangibles			(66,966)						(64,696)
Other			(10,504)						(10,886)
Net deferred tax liabilities			$	(77,470)					$	(75,582)
Deferred income taxes, net			$	(31,408)					$	(22,085)

Schedule of Unrecognized Tax Benefits

A reconciliation of the amount of unrecognized tax benefits at December 31, 2023, 2022 and 2021 is as follows (in thousands):

			December 31,
			2023						2022						2021
Balance at beginning of year			$	29,096					$	29,550					$	31,619
Additions based on tax positions related to the current year			47						58						252
Additions for tax positions of prior years			3						—						751
Reductions for tax positions of prior years			(6,783)						(512)						(3,072)
Balance at end of year			$	22,363					$	29,096					$	29,550

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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.

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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.

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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.

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Tabular disclosure of the change in unrecognized tax benefits, excluding amounts pertaining to examined tax returns.

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