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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The Company's income (loss) before income taxes and income tax expense (benefit), each by tax jurisdiction, consists of the following (dollars in thousands):
|  | Year ended December 31,
|  | 2020 |  | 2019 |  | 2018
Income (loss) before income taxes: |  |  |  |  |  |
Domestic |  | $ | (134,630) |  |  | $ | 52,190 |  |  | $ | 64,670 |
Foreign |  | 31,920 |  |  | 26,070 |  |  | 27,690 |
Total income (loss) before income taxes |  | $ | (102,710) |  |  | $ | 78,260 |  |  | $ | 92,360 |
Current income tax expense: |  |  |  |  |  |
Federal |  | $ | 200 |  |  | $ | 3,530 |  |  | $ | 4,410 |
State and local |  | 810 |  |  | 1,280 |  |  | 2,060 |
Foreign |  | 7,750 |  |  | 7,070 |  |  | 6,200 |
Total current income tax expense |  | 8,760 |  |  | 11,880 |  |  | 12,670 |
Deferred income tax expense (benefit): |  |  |  |  |  |
Federal |  | (16,900) |  |  | 4,890 |  |  | 4,570 |
State and local |  | (4,430) |  |  | 500 |  |  | 1,310 |
Foreign |  | (10,380) |  |  | (950) |  |  | 100 |
Total deferred income tax expense (benefit) |  | (31,710) |  |  | 4,440 |  |  | 5,980 |
Income tax expense (benefit) |  | $ | (22,950) |  |  | $ | 16,320 |  |  | $ | 18,650 |
Schedule of Deferred Tax Assets and Liabilities | The components of deferred taxes are as follows (dollars in thousands):
|  | December 31, 2020 |  | December 31, 2019
Deferred tax assets: |  |  |  |
Accounts receivable |  | $ | 260 |  |  | $ | 480 |
Inventories |  | 5,080 |  |  | 4,390 |
Accrued liabilities and other long-term liabilities |  | 19,190 |  |  | 12,210 |
Operating lease liability |  | 8,950 |  |  | 6,790 |
Tax loss and credit carryforwards |  | 20,760 |  |  | 9,200 |
Other |  | 340 |  |  | 340 |
Gross deferred tax asset |  | 54,580 |  |  | 33,410 |
Valuation allowances |  | (10,180) |  |  | (8,310) |
Net deferred tax asset |  | 44,400 |  |  | 25,100 |
Deferred tax liabilities: |  |  |  |
Property and equipment |  | (24,140) |  |  | (20,650) |
Right of use asset |  | (8,930) |  |  | (6,700) |
Goodwill and other intangible assets |  | (16,230) |  |  | (13,250) |
Investment in foreign affiliates, including withholding tax |  | (370) |  |  | (830) |
Gross deferred tax liability |  | (49,670) |  |  | (41,430) |
Net deferred tax liability |  | $ | (5,270) |  |  | $ | (16,330) |
Schedule of Effective Income Tax Rate Reconciliation | The following is a reconciliation of income tax expense (benefit) computed at the U.S. federal statutory rate to income tax expense (benefit) allocated to income (loss) before income taxes (dollars in thousands):
|  | Year ended December 31,
|  | 2020 |  | 2019 |  | 2018
U.S. federal statutory rate |  | 21 | % |  | 21 | % |  | 21 | %
Tax at U.S. federal statutory rate |  | $ | (21,570) |  |  | $ | 16,440 |  |  | $ | 19,390 |
State and local taxes, net of federal tax benefit |  | (2,850) |  |  | 970 |  |  | 2,730 |
Differences in statutory foreign tax rates |  | (1,500) |  |  | (870) |  |  | 490 |
Change in recognized tax benefits |  | (920) |  |  | (920) |  |  | (560) |
Goodwill and other intangible assets impairment |  | 13,430 |  |  | — |  |  | — |
Nontaxable income |  | — |  |  | (570) |  |  | (940) |
Research and manufacturing incentives |  | (2,130) |  |  | (1,160) |  |  | (1,740) |
Net change in valuation allowance |  | (6,390) |  |  | 3,580 |  |  | 280 |
Tax Reform Act |  | — |  |  | — |  |  | (400) |
Other, net |  | (1,020) |  |  | (1,150) |  |  | (600) |
Income tax expense (benefit) |  | $ | (22,950) |  |  | $ | 16,320 |  |  | $ | 18,650 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the change in the UTBs for the years ended December 31, 2020 and 2019 is as follows (dollars in thousands):
|  | Unrecognized Tax Benefits
Balance at December 31, 2018 |  | $ | 3,020 |
Tax positions related to current year: |  |
Additions |  | 110 |
Tax positions related to prior years: |  |
Additions |  | — |
Reductions |  | — |
Settlements |  | — |
Lapses in the statutes of limitations |  | (880) |
Balance at December 31, 2019 |  | $ | 2,250 |
Tax positions related to current year: |  |
Additions |  | 150 |
Tax positions related to prior years: |  |
Additions |  | — |
Reductions |  | — |
Settlements |  | — |
Lapses in the statutes of limitations |  | (760) |
Balance at December 31, 2020 |  | $ | 1,640 |

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