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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Benefit From Provision for Income Taxes From Continuing Operations | The provision for (benefit from) income taxes consists of:
| Year Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
Current income tax: |  |  |  |  |
State | $ | 1,357 |  |  | $ | 502 |  |  | $ | 666 |
Foreign | 2,361 |  |  | 1,149 |  |  | 840 |
| 3,718 |  |  | 1,651 |  |  | 1,506 |
Deferred income tax: |  |  |  |  |
Federal | (5,576) |  |  | 59 |  |  | (221) |
State | (707) |  |  | 138 |  |  | (151) |
Foreign | (2,203) |  |  | — |  |  | — |
| (8,486) |  |  | 197 |  |  | (372) |
Provision for (benefit from) income taxes | $ | (4,768) |  |  | $ | 1,848 |  |  | $ | 1,134 |
Schedule of Components of Loss Before Income Taxes | The components of net loss before income taxes consisted of the following:
(in thousands) | 2024 |  | 2023 |  | 2022
United States | $ | (77,811) |  |  | $ | (65,972) |  |  | $ | (73,939) |
International | (16,867) |  |  | (13,799) |  |  | (4,999) |
Total net loss before income taxes | $ | (94,678) |  |  | $ | (79,771) |  |  | $ | (78,938) |
Schedule of Deferred Tax Assets and Liabilities | Deferred tax (liabilities) assets are comprised of the following at:
| December 31,
(in thousands) | 2024 |  | 2023 |  |
Deferred tax liabilities: |  |  |  |  |
Operating lease assets | $ | (1,588) |  |  | $ | (989) |  |  |
Software development costs | (2,788) |  |  | (1,394) |  |  |
Intangible assets | (29,776) |  |  | (17,172) |  |  |
481(a) adjustment | (950) |  |  | (1,466) |  |  |
Depreciation on property, plant and equipment | (1,901) |  |  | (1,269) |  |  |
Partnership basis difference | (4,993) |  |  | — |  |  |
Gross deferred tax liabilities | (41,996) |  |  | (22,290) |  |  |
Deferred tax assets: |  |  |  |  |
Allowances for bad debts and inventory | 2,896 |  |  | 2,539 |  |  |
Capitalized inventory costs | 17 |  |  | 223 |  |  |
Employee benefit accruals | 5,096 |  |  | 7,773 |  |  |
Interest expense limitation under section 163 (j) | 2,594 |  |  | 6,501 |  |  |
Operating lease liabilities | 1,730 |  |  | 1,015 |  |  |
Federal net operating loss carryforward | 29,339 |  |  | 38,357 |  |  |
State net operating loss carryforward | 11,020 |  |  | 8,403 |  |  |
Foreign net operating loss carryforward | 11,117 |  |  | 4,406 |  |  |
Federal and state tax credit carryforwards | 16,435 |  |  | 14,804 |  |  |
R&D capitalization | 28,484 |  |  | 22,108 |  |  |
Other | 900 |  |  | 3,274 |  |  |
Gross deferred tax assets | 109,628 |  |  | 109,403 |  |  |
Less valuation allowance | (85,100) |  |  | (87,943) |  |  |
Non-current net deferred tax liabilities | $ | (17,468) |  |  | $ | (830) |  |  |
Schedule of Effective Income Tax Rate Reconciliation | The following table reconciles the Company's effective tax rate from the U.S. federal statutory tax rate of 21%:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Federal statutory tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State taxes, net of federal benefit | (0.5) |  |  | (0.7) |  |  | (0.5) |
Contingent consideration revaluation | 0.1 |  |  | 2.4 |  |  | 1.2 |
Nondeductible expenses | (1.4) |  |  | (0.2) |  |  | (0.5) |
Tax credits (including R&D) | 2.8 |  |  | 1.5 |  |  | 1.3 |
Foreign income tax rate differential | (3.9) |  |  | (4.9) |  |  | (2.2) |
Stock based compensation | (1.6) |  |  | (1.2) |  |  | (1.2) |
Valuation allowance | (11.0) |  |  | (20.1) |  |  | (20.5) |
Other | (0.5) |  |  | (0.1) |  |  | (0.1) |
| 5.0 | % |  | (2.3) | % |  | (1.5) | %

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- 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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