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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Provision (Benefit) for Income Taxes | The provision for (benefit from) income taxes at December 31 consists of the following:
(In thousands) | 2021 |  | 2020 |  | 2019
Current |  |  |  |  |
U.S. Federal | $ | (1,713) |  |  | $ | (8,679) |  |  | $ | 23,798 |
State | (667) |  |  | (4,539) |  |  | 4,471 |
Foreign | 1,439 |  |  | 1,036 |  |  | 2,402 |
Current | (941) |  |  | (12,182) |  |  | 30,671 |
Deferred |  |  |  |  |
U.S. Federal | (237) |  |  | 17,044 |  |  | (16,250) |
State | (87) |  |  | (92) |  |  | 727 |
Foreign | (117) |  |  | (1,399) |  |  | 1,138 |
Deferred | (441) |  |  | 15,553 |  |  | (14,385) |
Total | $ | (1,382) |  |  | $ | 3,371 |  |  | $ | 16,286 |
Effective Tax Rates Differ From Statutory Federal Income Tax Rate | The effective tax rates differ from the statutory federal income tax rate as follows:
| 2021 |  | 2020 |  | 2019
Statutory Federal Income Tax Rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Permanent Items |  |  |  |  |
Stock Compensation Expense | (2.1) | % |  | (0.3) | % |  | (0.5) | %
Non Deductible Goodwill Impairment | — | % |  | (10.2) | % |  | — | %
Contingent Consideration Liability Fair Value Adjustment | 1.7 | % |  | — | % |  | — | %
Other | (0.7) | % |  | — | % |  | 0.5 | %
Foreign Tax Rate Differential | (2.7) | % |  | (1.0) | % |  | 1.4 | %
State Income Tax, Net of Federal Income Tax Effect | 2.2 | % |  | 3.3 | % |  | 6.0 | %
Research and Development Tax Credits | 12.8 | % |  | 2.2 | % |  | (4.6) | %
Change in Valuation Allowance | (29.8) | % |  | (19.2) | % |  | 1.1 | %
Net GILTI and FDII Tax Benefit | — | % |  | — | % |  | (1.2) | %
Foreign Tax Credit for Dividend Withholding | 1.7 | % |  | — | % |  | — | %
Tax Rate Change on 2020 Federal Net Operating Loss Carryback | 0.9 | % |  | 1.3 | % |  | — | %
Other | 0.1 | % |  | (0.1) | % |  | 0.1 | %
Effective Tax Rate | 5.1 | % |  | (3.0) | % |  | 23.8 | %
Significant Components of Company's Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities at December 31, are as follows:
(In thousands) | 2021 |  | 2020
Deferred Tax Assets: |  |  |
Asset Reserves | $ | 17,462 |  |  | $ | 18,189 |
Deferred Compensation | 7,424 |  |  | 7,564 |
Section 163(j) - Interest Expense Limitation | 891 |  |  | — |
State Investment and Research and Development Tax Credit Carryforwards, Net of Federal Tax | 4,674 |  |  | 866 |
Customer Advanced Payments and Deferred Revenue | 1,301 |  |  | 2,216 |
Net Operating Loss Carryforwards and Other | 15,617 |  |  | 11,244 |
Goodwill and Intangible Assets | 1,082 |  |  | 2,069 |
ASC 606 Revenue Recognition | 1,817 |  |  | 2,311 |
Lease Liabilities | 4,178 |  |  | 5,545 |
Other | 5,540 |  |  | 2,300 |
Total Gross Deferred Tax Assets | 59,986 |  |  | 52,304 |
Valuation Allowance for Federal and State Deferred Tax Assets and Tax Credit Carryforwards, Net of Federal Tax | (43,519) |  |  | (37,168) |
Deferred Tax Assets | 16,467 |  |  | 15,136 |
Deferred Tax Liabilities: |  |  |
Depreciation | 9,393 |  |  | 10,166 |
ASC 606 Revenue Recognition - Section 481(a) Adjustment | 1,030 |  |  | 928 |
Lease Assets | 3,539 |  |  | 4,506 |
Earnout Income Accrual | 2,603 |  |  | — |
Other | 1,050 |  |  | 1,186 |
Deferred Tax Liabilities | 17,615 |  |  | 16,786 |
Net Deferred Tax Liabilities | $ | (1,148) |  |  | $ | (1,650) |
Components of Net Deferred Tax Assets and Liabilities | The net deferred tax assets and liabilities presented in the Consolidated Balance Sheets are as follows at December 31:
(In thousands) | 2021 |  | 2020
Other Assets — Long-term | $ | 273 |  |  | $ | 1,259 |
Deferred Tax Liabilities — Long-term | (1,421) |  |  | (2,909) |
Net Deferred Tax Liabilities | $ | (1,148) |  |  | $ | (1,650) |
Reconciliation of Total Amounts of Unrecognized Tax Benefits Excluding Interest and Penalties | A reconciliation of the total amounts of unrecognized tax benefits, excluding interest and penalties that, if recognized, would impact the effective tax rate, is as follows:
(in thousands) | 2021 |  | 2020 |  | 2019
Balance at Beginning of the Year | $ | 1,890 |  |  | $ | 2,565 |  |  | $ | 2,197 |
Decreases as a Result of Tax Positions Taken in Prior Years | (478) |  |  | (775) |  |  | — |
Increases as a Result of Tax Positions Taken in the Current Year | — |  |  | 100 |  |  | 368 |
Balance at End of the Year | $ | 1,412 |  |  | $ | 1,890 |  |  | $ | 2,565 |

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