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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule Of Income Tax Expense

Income tax expense (benefit) based on income before income taxes consisted of the following:

		Year Ended December 31,
(in thousands)		2021				2020				2019
Current:
U.S. Federal		$	6			$	1,406			$	(1,697	)
State and local			1,702				24				(3,567	)
Foreign			14,812				9,120				11,474
			16,520				10,550				6,210
Deferred:
U.S. Federal			(6,179	)			(3,784	)			1,815
State and local			(1,380	)			(1,021	)			1,409
Foreign			676				(2,507	)			(5,590	)
			(6,883	)			(7,312	)			(2,366	)
		$	9,637			$	3,238			$	3,844

Schedule Of Income Before Income Taxes

Worldwide income (loss) before income taxes consisted of the following:

		Year Ended December 31,
(in thousands)		2021				2020				2019
United States		$	(34,930	)		$	(33,790	)		$	(13,756	)
Foreign			80,337				51,083				41,025
		$	45,407			$	17,293			$	27,269

Schedule Of Federal Statutory Income Tax Rate To Income Before Income Tax

Income tax expense differed from the amounts computed by applying the U.S. Federal statutory income tax rate to income before income taxes as a result of the following:

		Year Ended December 31,
(in thousands)		2021				2020				2019
Tax at statutory rate		$	9,536			$	3,632			$	5,727
State taxes, net of federal tax effect			(36	)			(788	)			(1,705	)
Effect of foreign operations and tax incentives			(4,048	)			(6,372	)			(5,870	)
Change in valuation allowance			(336	)			(3,029	)			(2,283	)
Stock-based compensation			(69	)			347				118
GILTI			2,104				1,667				955
Foreign tax refund benefit			(7,285	)			—				—
Losses in foreign jurisdictions for which no benefit has been provided			2,608				5,798				4,379
Change in uncertain tax benefits reserve			8,858				(31	)			200
Other			(1,695	)			2,014				2,323
Total income tax expense		$	9,637			$	3,238			$	3,844

Schedule Of Deferred Tax Assets And Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below:

		December 31,
(in thousands)		2021				2020
Deferred tax assets:
Carrying value of inventories		$	2,704			$	3,470
Accrued liabilities and allowances deductible for tax purposes on a cash basis			10,592				13,086
Goodwill			1,320				1,704
Stock-based compensation			3,741				2,559
Operating right-of-use lease liabilities			24,851				20,003
Net operating loss carryforwards			17,417				19,120
Tax credit carryforwards			4,629				3,368
Interest rate swap liabilities			1,133				2,263
Other			5,961				5,025
			72,348				70,598
Less: valuation allowance			(18,702	)			(19,038	)
Net deferred tax assets			53,646				51,560
Deferred tax liabilities:
Plant and equipment, due to differences in depreciation			(4,887	)			(7,899	)
Operating right-of-use lease assets			(24,590	)			(19,742	)
Intangible assets, due to differences in amortization			(11,687	)			(14,078	)
Foreign withholding tax			(4,902	)			(6,102	)
Other			(1,692	)			(3,603	)
Gross deferred tax liability			(47,758	)			(51,424	)
Net deferred tax liability		$	5,888			$	136
The net deferred tax liability is classified as follows:
Long-term asset		$	5,972			$	4,924
Long-term liability			(84	)			(4,788	)
Total		$	5,888			$	136

Schedule Of Tax Incentives

The net impact of these tax incentives was to lower income tax expense for 2021, 2020, and 2019 by approximately $7.7 million (approximately $0.21 per diluted share), $7.4 million (approximately $0.20 per diluted share) and $5.0 million (approximately $0.13 per diluted share), respectively, as follows:

		Year Ended December 31,
(in thousands)		2021				2020				2019
China		$	443			$	—			$	—
Malaysia		$	1,946			$	4,945				3,010
Thailand			5,360				2,496				2,025
		$	7,749			$	7,441			$	5,035

Schedule Of Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits

		December 31,
(in thousands)		2021				2020				2019
Balance as of January 1		$	499			$	513			$	313
Additions related to current year tax positions			7,424				—				200
Additions related to prior year tax positions			1,575				—				—
Decreases related to prior year tax positions			(138	)			—				—
Decreases related to lapse of statutes			(239	)			(14	)			—
Balance as of December 31		$	9,121			$	499			$	513

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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.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the income tax exemptions and reductions which have been granted by taxing authorities for a specified period, applicable term of the exemptions and reductions, estimated dollar value of tax benefits, and per share benefits.

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