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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of (Loss) Income Before Income Taxes | Loss before income taxes consisted of the following (in thousands):
| 2023 |  | 2022 |  | 2021
Domestic | $ | (24,658) |  |  | $ | (13,798) |  |  | $ | (10,263) |
Foreign | 3,072 |  |  | (1,186) |  |  | (4,564) |
Loss before income taxes | $ | (21,586) |  |  | $ | (14,984) |  |  | $ | (14,827) |
Schedule of Income Tax Expense Benefit | Income tax expense consisted of the following (in thousands):
| 2023 |  | 2022 |  | 2021
Current: |  |  |  |  |
Federal | $ | 5,573 |  |  | $ | 1,606 |  |  | $ | 1,896 |
State | 1,004 |  |  | 367 |  |  | 551 |
Foreign | 3,851 |  |  | 3,120 |  |  | 3,391 |
| 10,428 |  |  | 5,093 |  |  | 5,838 |
Deferred: |  |  |  |  |
Federal | $ | 222 |  |  | $ | 236 |  |  | $ | (2,801) |
State | 157 |  |  | 234 |  |  | (307) |
Foreign | (1,703) |  |  | (1,355) |  |  | (2,723) |
| (1,324) |  |  | (885) |  |  | (5,831) |
Income tax expense | $ | 9,104 |  |  | $ | 4,208 |  |  | $ | 7 |
Schedule of Effective Income Tax Rate Reconciliation | The income tax benefit amounts differ from the amounts computed by applying the US federal statutory income tax rate of 21% for the years ended December 31, 2023, 2022, and 2021 to pretax income as a result of the following (in thousands):
| 2023 |  | 2022 |  | 2021
Tax benefit at statutory rate | $ | (4,533) |  |  | $ | (3,147) |  |  | $ | (3,114) |
Increase (reduction) in income taxes resulting from: |  |  |  |  |
Valuation allowance change | 9,964 |  |  | 4,779 |  |  | 1,566 |
Foreign income taxes | 2,969 |  |  | 415 |  |  | 1,138 |
Nondeductible executive compensation | 989 |  |  | 878 |  |  | 1,075 |
Equity compensation | 872 |  |  | 472 |  |  | (477) |
Net change in uncertain tax positions | 652 |  |  | 527 |  |  | 762 |
State income taxes, net of federal benefit | 281 |  |  | 484 |  |  | 73 |
Nondeductible entertainment expenses | 262 |  |  | 117 |  |  | 65 |
Foreign interest disallowance | — |  |  | 151 |  |  | 307 |
Foreign deferred items | — |  |  | (112) |  |  | 53 |
Foreign derived intangible income deduction | (501) |  |  | (133) |  |  | (144) |
Research and development credit | (800) |  |  | (961) |  |  | (959) |
Provision to return adjustments | (937) |  |  | 336 |  |  | 63 |
Other | (114) |  |  | 402 |  |  | (401) |
Total income tax expense | $ | 9,104 |  |  | $ | 4,208 |  |  | $ | 7 |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences which give rise to deferred tax assets and liabilities at December 31 were as follows (in thousands):
| 2023 |  | 2022
Deferred tax assets: |  |  |
Finance and operating leases | $ | 13,254 |  |  | $ | 12,581 |
Excess interest carryforward | 6,438 |  |  | 5,559 |
Unrealized gains and losses | 5,424 |  |  | — |
Loan revaluation | 3,859 |  |  | 2,633 |
Loss carryforwards | 3,205 |  |  | 9,660 |
Stock compensation | 2,761 |  |  | 2,463 |
Accrued expenses | 2,567 |  |  | 1,734 |
Deferred compensation | 1,790 |  |  | 1,317 |
Property | 1,786 |  |  | 1,310 |
Credit carryforwards | 336 |  |  | 503 |
Inventory and deferred preservation costs write-downs | 302 |  |  | 764 |
Other | 1,422 |  |  | 1,650 |
Less valuation allowance | (32,860) |  |  | (17,942) |
Total deferred tax assets, net | 10,284 |  |  | 22,232 |
| 2023 |  | 2022
Deferred tax liabilities: |  |  |
Unrealized gains and losses | — |  |  | (6,624) |
Prepaid items | (370) |  |  | (323) |
Debt costs | (626) |  |  | (818) |
Finance and operating leases | (12,777) |  |  | (12,217) |
Intangible assets | (16,106) |  |  | (24,601) |
Other | (1,169) |  |  | (834) |
Total deferred tax liabilities | (31,048) |  |  | (45,417) |
Total deferred tax liabilities, net | $ | (20,764) |  |  | $ | (23,185) |
Summary of Valuation Allowance Deferred Tax Assets | A summary of valuation allowances against deferred tax assets was as follows (in thousands):
| 2023 |  | 2022 |  | 2021
Beginning balance | $ | 17,942 |  |  | $ | 13,282 |  |  | $ | 7,170 |
Additions in estimates recorded to deferred income tax expense, net | 9,809 |  |  | 4,660 |  |  | 1,505 |
Additions related to Other comprehensive income, net | 5,109 |  |  | — |  |  | 4,607 |
Ending balance | $ | 32,860 |  |  | $ | 17,942 |  |  | $ | 13,282 |
Schedule of Uncertain Tax Position Liability and Liability for Interest and Penalties on Uncertain Tax Positions | A reconciliation of the beginning and ending balances of our uncertain tax position liability, excluding interest and penalties, was as follows (in thousands):
| 2023 |  | 2022 |  | 2021
Beginning balance | $ | 4,508 |  |  | $ | 4,089 |  |  | $ | 2,574 |
Increase related to current year tax positions | 2,728 |  |  | 847 |  |  | 1,661 |
Increase (decrease) for foreign exchange differences | 116 |  |  | (145) |  |  | (121) |
Increase related to prior year tax positions | 26 |  |  | 20 |  |  | 386 |
Decrease due to the lapsing of statutes of limitations | (158) |  |  | (200) |  |  | (241) |
Decrease related to prior year tax positions | (508) |  |  | (103) |  |  | (170) |
Decrease due to settlements of prior year tax positions | (1,880) |  |  | — |  |  | — |
Ending balance | $ | 4,832 |  |  | $ | 4,508 |  |  | $ | 4,089 |

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