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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Summary of Provision for (Benefit from) Income Taxes | The provision for (benefit from) income taxes at December 31 consists of the following:
(In thousands) | 2022 |  | 2021 |  | 2020
Current |  |  |  |  |
U.S. Federal | $ | 5,338 |  |  | $ | (1,713) |  |  | $ | (8,679) |
State | (153) |  |  | (667) |  |  | (4,539) |
Foreign | 750 |  |  | 1,439 |  |  | 1,036 |
Current | 5,935 |  |  | (941) |  |  | (12,182) |
Deferred |  |  |  |  |
U.S. Federal | 113 |  |  | (237) |  |  | 17,044 |
State | (239) |  |  | (87) |  |  | (92) |
Foreign | 145 |  |  | (117) |  |  | (1,399) |
Deferred | 19 |  |  | (441) |  |  | 15,553 |
Total | $ | 5,954 |  |  | $ | (1,382) |  |  | $ | 3,371 |
Summary of Effective Tax Rates Differ From Statutory Federal Income Tax Rate | The effective tax rates differ from the statutory federal income tax rate as follows:
| 2022 |  | 2021 |  | 2020
Statutory Federal Income Tax Rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Permanent Items |  |  |  |  |
Stock Compensation Expense | (2.2) | % |  | (2.1) | % |  | (0.3) | %
Non Deductible Goodwill Impairment | — | % |  | — | % |  | (10.2) | %
Contingent Consideration Liability Fair Value Adjustment | — | % |  | 1.7 | % |  | — | %
Other | (0.3) | % |  | (0.7) | % |  | — | %
Foreign Tax Rate Differential | (2.8) | % |  | (2.7) | % |  | (1.0) | %
State Income Tax, Net of Federal Income Tax Effect | 1.0 | % |  | 2.2 | % |  | 3.3 | %
Research and Development Tax Credits | 7.7 | % |  | 12.8 | % |  | 2.2 | %
Change in Valuation Allowance | (44.6) | % |  | (29.8) | % |  | (19.2) | %
Net GILTI and FDII Tax Expense | 1.8 | % |  | — | % |  | — | %
Foreign Tax Credit for Dividend Withholding | (1.5) | % |  | 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 | (20.0) | % |  | 5.1 | % |  | (3.0) | %
Summary of 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) | 2022 |  | 2021
Deferred Tax Assets: |  |  |
Asset Reserves | $ | 17,680 |  |  | $ | 17,462 |
Deferred Compensation | 6,798 |  |  | 7,424 |
Section 163(j) - Interest Expense Limitation | — |  |  | 891 |
State Investment and Research and Development Tax Credit Carryforwards, Net of Federal Tax | 1,128 |  |  | 4,674 |
Customer Advanced Payments and Deferred Revenue | 1,917 |  |  | 1,301 |
Net Operating Loss Carryforwards and Other | 11,307 |  |  | 15,617 |
Goodwill and Intangible Assets | 1,277 |  |  | 1,082 |
ASC 606 Revenue Recognition | 197 |  |  | 1,817 |
Research & Development Costs | 19,892 |  |  | — |
Lease Liabilities | 3,201 |  |  | 4,178 |
Other | 6,135 |  |  | 5,540 |
Total Gross Deferred Tax Assets | 69,532 |  |  | 59,986 |
Valuation Allowance for Federal and State Deferred Tax Assets and Tax Credit Carryforwards, Net of Federal Tax | (57,369) |  |  | (43,519) |
Deferred Tax Assets | 12,163 |  |  | 16,467 |
Deferred Tax Liabilities: |  |  |
Depreciation | 8,886 |  |  | 9,393 |
ASC 606 Revenue Recognition - Section 481(a) Adjustment | 525 |  |  | 1,030 |
Lease Assets | 2,905 |  |  | 3,539 |
Earnout Income Accrual | — |  |  | 2,603 |
Other | 1,005 |  |  | 1,050 |
Deferred Tax Liabilities | 13,321 |  |  | 17,615 |
Net Deferred Tax Liabilities | $ | (1,158) |  |  | $ | (1,148) |
Summary of 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) | 2022 |  | 2021
Other Assets — Long-term | $ | 712 |  |  | $ | 273 |
Deferred Tax Liabilities — Long-term | (1,870) |  |  | (1,421) |
Net Deferred Tax Liabilities | $ | (1,158) |  |  | $ | (1,148) |
Summary of Reconciliation of Total Amounts of Unrecognized Tax Benefits Excluding Interest and Penalties |
(in thousands) | 2022 |  | 2021 |  | 2020
Balance at Beginning of the Year | $ | 1,412 |  |  | $ | 1,890 |  |  | $ | 2,565 |
Decreases as a Result of Tax Positions Taken in Prior Years | (969) |  |  | (478) |  |  | (775) |
Increases as a Result of Tax Positions Taken in the Current Year | — |  |  | — |  |  | 100 |
Balance at End of the Year | $ | 443 |  |  | $ | 1,412 |  |  | $ | 1,890 |

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