XML 81 R42.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of Reconciliation of Federal Statutory Rate on Loss before Income Taxes and before Gain from Sale of Equity Method Investment Rate to Effective Income Tax Rate | The reconciliation of the federal statutory rate on the income (loss) before income taxes to the effective income tax rate for the years ended December 31 is as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Statutory federal tax rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | (34.0 | )%
State income taxes, net of federal income tax benefit |  |  | (8.1 | ) |  |  | 3.6 |  |  |  | 97.2 |
Increase (decrease) in valuation allowance |  |  | 2.2 |  |  |  | (9.1 | ) |  |  | (936.1 | )
Permanent items |  |  | (3.9 | ) |  |  | (5.9 | ) |  |  | (861.2 | )
Tax credits |  |  | (15.6 | ) |  |  | (5.5 | ) |  |  | (1,222.3 | )
Provision vs. tax return differences |  |  | 9.0 |  |  |  | (1.7 | ) |  |  | — |
Foreign rate differential and deferred items |  |  | 0.6 |  |  |  | 0.7 |  |  |  | (91.8 | )
Change in tax reserves |  |  | — |  |  |  | 0.1 |  |  |  | (5.1 | )
Rate change due to tax reform |  |  | — |  |  |  | — |  |  |  | 3,441.1 |
Refundable income taxes—AMT credit |  |  | — |  |  |  | — |  |  |  | (751.0 | )
Other |  |  | — |  |  |  | 0.1 |  |  |  | (0.1 | )
|  |  | 5.2 | % |  |  | 3.3 | % |  |  | (363.3 | )%
Schedule of Domestic and Foreign Components of Income (Loss) Before Income Taxes and before the Gain from Sale of Equity Method Investment | For financial reporting purposes, income (loss) before income taxes for the years ended December 31 include the following components (in thousands):
|  | 2019 |  |  | 2018 |  |  | 2017 |
Domestic |  | $ | 13,493 |  |  | $ | 31,455 |  |  | $ | (1,591 | )
Foreign |  |  | 1,394 |  |  |  | 1,478 |  |  |  | 1,493 |
|  | $ | 14,887 |  |  | $ | 32,933 |  |  | $ | (98 | )
Schedule of Components of Provision (Benefit) for Income Taxes | Significant components of the provision (benefit) for income taxes for the years ended December 31 are as follows (in thousands):
|  | 2019 |  |  | 2018 |  |  | 2017 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | — |  |  | $ | (736 | )
State |  |  | 268 |  |  |  | 231 |  |  |  | 156 |
Foreign |  |  | 450 |  |  |  | 911 |  |  |  | 396 |
|  |  | 718 |  |  |  | 1,142 |  |  |  | (184 | )
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Foreign |  |  | 60 |  |  |  | (55 | ) |  |  | (172 | )
|  |  | 60 |  |  |  | (55 | ) |  |  | (172 | )
|  | $ | 778 |  |  | $ | 1,087 |  |  | $ | (356 | )
Schedule of Significant Components of Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities as of December 31 were as follows (in thousands):
|  | 2019 |  |  | 2018 |
Deferred tax assets: |  |  |  |  |  |  |  |
Research and development tax credit carryforwards |  | $ | 27,607 |  |  | $ | 23,244 |
Investment tax credit carryforwards |  |  | 2,102 |  |  |  | 1,976 |
Stock-based compensation |  |  | 1,587 |  |  |  | 3,133 |
Inventory reserves |  |  | 1,522 |  |  |  | 2,109 |
Vacation accrual |  |  | 1,280 |  |  |  | 1,218 |
Deferred revenue, net |  |  | 796 |  |  |  | 66 |
Lease liabilities |  |  | 679 |  |  |  | — |
UNICAP |  |  | 351 |  |  |  | 275 |
Net operating loss carryforwards |  |  | 328 |  |  |  | 1,091 |
International deferred tax assets |  |  | 205 |  |  |  | 265 |
Sales allowances |  |  | 172 |  |  |  | 128 |
Unrealized loss on investments |  |  | 132 |  |  |  | 132 |
Contingent consideration liabilities |  |  | 98 |  |  |  | 88 |
Warranty reserves |  |  | 66 |  |  |  | 35 |
Bad debt reserves |  |  | 14 |  |  |  | 52 |
Other |  |  | 225 |  |  |  | 233 |
Total deferred tax assets |  |  | 37,164 |  |  |  | 34,045 |
Less: Valuation allowance for deferred tax assets |  |  | (30,363 | ) |  |  | (30,031 | )
Net deferred tax assets |  |  | 6,801 |  |  |  | 4,014 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation |  |  | (5,296 | ) |  |  | (3,144 | )
ROU assets |  |  | (653 | ) |  |  | — |
Prepaid expenses |  |  | (552 | ) |  |  | (473 | )
Patent amortization |  |  | (91 | ) |  |  | (107 | )
Other |  |  | (4 | ) |  |  | (25 | )
Total deferred tax liabilities |  |  | (6,596 | ) |  |  | (3,749 | )
Net deferred tax assets (liabilities) |  | $ | 205 |  |  | $ | 265 |
Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
|  | 2019 |  |  | 2018 |  |  | 2017 |
Balance on January 1 |  | $ | 1,462 |  |  | $ | 1,104 |  |  | $ | 946 |
Additions based on tax positions related to the current year |  |  | 571 |  |  |  | 245 |  |  |  | 138 |
Additions for tax positions of prior years |  |  | 43 |  |  |  | 120 |  |  |  | 29 |
Settlements |  |  | — |  |  |  | — |  |  |  | (1 | )
Lapse of statute |  |  | (6 | ) |  |  | (7 | ) |  |  | (8 | )
Balance on December 31 |  | $ | 2,070 |  |  | $ | 1,462 |  |  | $ | 1,104 |

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=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=117331294&loc=d3e36027-109320 Reference 2: 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=84230637&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration