XML 75 R54.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Summary of Income from Continuing Operations before Income Taxes | Income (loss) from continuing operations before income taxes consisted of the following:
|  | Year Ended December 31, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Foreign |  | $ | 90,325 |  |  | $ | 40,178 |  |  | $ | (17,750 | )
United States |  |  | (47,252 | ) |  |  | (5,558 | ) |  |  | (77,331 | )
Income (loss) from continuing operations before income taxes |  | $ | 43,073 |  |  | $ | 34,620 |  |  | $ | (95,081 | )
Summary of Significant Components of the Income Tax Provision From Continuing Operations | Significant components of the income tax provision from continuing operations are as follows:
|  | Year Ended December 31, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Current: |  |  |  |  |  |  |  |  |
United States: |  |  |  |  |  |  |  |  |
Federal |  | $ | 101 |  |  | $ | 78 |  |  | $ | 49 |
State |  |  | 593 |  |  |  | 302 |  |  |  | (581 | )
Foreign |  |  | 19,714 |  |  |  | 7,773 |  |  |  | (7,268 | )
Total current |  |  | 20,408 |  |  |  | 8,153 |  |  |  | (7,800 | )
Deferred: |  |  |  |  |  |  |  |  |
United States: |  |  |  |  |  |  |  |  |
Federal |  |  | — |  |  |  | 45 |  |  |  | — |
State |  |  | (1,588 | ) |  |  | — |  |  |  | — |
Foreign |  |  | (21 | ) |  |  | 1,775 |  |  |  | 6,012 |
Total deferred |  |  | (1,609 | ) |  |  | 1,820 |  |  |  | 6,012 |
Income tax (benefit) expense |  | $ | 18,799 |  |  | $ | 9,973 |  |  | $ | (1,788 | )
Reconciliation of Income Tax Expense |
|  | Year Ended December 31, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Computed income tax expense (benefit) at statutory federal income tax rate |  | $ | 9,046 |  |  |  | 21.0 | % |  | $ | 7,270 |  |  |  | 21.0 | % |  | $ | (19,967 | ) |  |  | 21.0 | %
State income tax expense (benefit), net of federal benefit |  |  | (995 | ) |  |  | (2.3 | )% |  |  | 1,264 |  |  |  | 3.6 | % |  |  | (7,959 | ) |  |  | 8.4 | %
Remeasurement of deferred taxes due to change in tax rates |  |  | (735 | ) |  |  | (1.7 | )% |  |  | (499 | ) |  |  | (1.4 | )% |  |  | — |  |  |  | — |
Foreign tax rate differential |  |  | 792 |  |  |  | 1.8 | % |  |  | 733 |  |  |  | 2.1 | % |  |  | (672 | ) |  |  | 0.7 | %
U.S. tax expense on current year foreign earnings, net of foreign tax credits and deductions |  |  | 1,730 |  |  |  | 4.0 | % |  |  | 401 |  |  |  | 1.2 | % |  |  | — |  |  |  | — |
Change in valuation allowance not included in other line items |  |  | 2,974 |  |  |  | 6.9 | % |  |  | (702 | ) |  |  | (2.0 | )% |  |  | 21,859 |  |  |  | (23.0 | )%
Write-off of tax attributes |  |  | 3,365 |  |  |  | 7.8 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Restructuring |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,676 |  |  |  | (4.9 | )%
Other adjustments, net |  |  | 2,622 |  |  |  | 6.1 | % |  |  | 1,506 |  |  |  | 4.3 | % |  |  | 275 |  |  |  | (0.3 | )%
Income tax (benefit) expense |  | $ | 18,799 |  |  |  | 43.6 | % |  | $ | 9,973 |  |  |  | 28.8 | % |  | $ | (1,788 | ) |  |  | 1.9 | %
Schedule of Deferred Tax Assets and Liabilities | The components of deferred income tax assets and liabilities included in the Consolidated Balance Sheets are as follows:
|  | December 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Deferred tax assets: |  |  |  |  |  |
Tax credit carryforwards |  | $ | 5,679 |  |  | $ | 7,461 |
Pension, compensation, and other employee benefits |  |  | 16,369 |  |  |  | 16,287 |
Accrued liabilities and reserves |  |  | 4,714 |  |  |  | 4,000 |
Net operating loss carryforwards |  |  | 50,470 |  |  |  | 52,422 |
Leases |  |  | 5,398 |  |  |  | 2,897 |
Goodwill and other intangible assets |  |  | 3,990 |  |  |  | 5,100 |
Deferral of United States interest deductions |  |  | 23,048 |  |  |  | 13,048 |
Other deferred income tax assets |  |  | 10,245 |  |  |  | 9,601 |
Total deferred tax assets |  |  | 119,913 |  |  |  | 110,816 |
Valuation allowance |  |  | (105,353 | ) |  |  | (101,639 | )
Foreign deferred tax assets included above |  |  | (4,522 | ) |  |  | (2,166 | )
United States net deferred tax assets |  |  | 10,038 |  |  |  | 7,011 |
Deferred tax liabilities: |  |  |  |  |  |
Property and equipment |  |  | (24,336 | ) |  |  | (21,090 | )
Goodwill and other intangible assets |  |  | (12,576 | ) |  |  | (10,857 | )
Leases |  |  | — |  |  |  | (295 | )
Other deferred income tax liabilities |  |  | (4,020 | ) |  |  | (4,023 | )
Total deferred tax liabilities |  |  | (40,932 | ) |  |  | (36,265 | )
Foreign deferred tax liabilities included above |  |  | (32,410 | ) |  |  | (29,170 | )
United States net deferred tax liabilities included above |  |  | (8,522 | ) |  |  | (7,095 | )
United States net deferred tax assets (liabilities) |  | $ | 1,516 |  |  | $ | (84 | )
Schedule of Unrecognized Tax Benefits | A reconciliation of the liabilities associated with uncertain tax positions (excluding interest and penalties) is as follows:
(in thousands) |  |  |
Balance at December 31, 2020 |  | $ | 250 |
Additions for tax positions taken in prior years |  |  | 285 |
Balance at December 31, 2021 |  |  | 535 |
Reductions for lapse of applicable statutes |  |  | (23 | )
Additions for tax positions taken in prior years |  |  | 378 |
Balance at December 31, 2022 |  |  | 890 |
Reductions for lapse of applicable statutes |  |  | (217 | )
Additions for tax positions taken in prior years |  |  | 66 |
Balance at December 31, 2023 |  | $ | 739 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration