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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of income (loss) from continuing operations before income taxes | Income (loss) before income taxes was generated in the following jurisdictions:
| Years Ended December 31,
(In thousands) | 2024 |  | 2023 |  | 2022
U.S. | $ | 41,309 |  |  | $ | (13,526) |  |  | $ | (9,569) |
Non-U.S. | 5,178 |  |  | (13,787) |  |  | (2,124) |
Total | $ | 46,487 |  |  | $ | (27,313) |  |  | $ | (11,693) |
Schedule of provision for income taxes | The (benefit) provision for income taxes consists of the following:
| Years Ended December 31,
(In thousands) | 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |
Federal | $ | 525 |  |  | $ | 2 |  |  | $ | 122 |
State | 266 |  |  | 54 |  |  | 32 |
Foreign | 4,906 |  |  | 2,473 |  |  | 1,665 |
Total current | 5,697 |  |  | 2,529 |  |  | 1,819 |
Deferred: |  |  |  |  |
Federal | (16,771) |  |  | 361 |  |  | (349) |
State | (2,318) |  |  | (47) |  |  | 35 |
Foreign | 2,797 |  |  | (357) |  |  | 1,236 |
Total deferred | (16,292) |  |  | (43) |  |  | 922 |
Total | $ | (10,595) |  |  | $ | 2,486 |  |  | $ | 2,741 |
Schedule of differences between income tax provisions and provisions for income taxes | The differences between the income tax (benefit) and provisions computed using the statutory federal income tax rate and the (benefit) provisions for income taxes reported in the consolidated statements of operations are as follows:
| Years Ended December 31,
(In thousands) | 2024 |  | 2023 |  | 2022
Expected tax at statutory rate | $ | 9,762 |  |  | $ | (5,736) |  |  | $ | (2,456) |
Foreign taxes at other rates | (532) |  |  | (213) |  |  | 3,373 |
Valuation allowance changes | (10,464) |  |  | 8,513 |  |  | 4,370 |
Global intangible low-taxed income inclusion | 5,571 |  |  | — |  |  | — |
State income taxes, net of federal benefit | (1,281) |  |  | (170) |  |  | (322) |
Uncertain tax positions | — |  |  | — |  |  | (515) |
Research credits | (956) |  |  | (633) |  |  | (2,568) |
Worthless stock deduction | (12,632) |  |  | — |  |  | — |
Disallowed expenses and other | (63) |  |  | 725 |  |  | 859 |
Total | $ | (10,595) |  |  | $ | 2,486 |  |  | $ | 2,741 |
Schedule of deferred income tax balances | Significant components of the Company's deferred tax assets and liabilities as of December 31, 2024 and 2023, are as follows:
| December 31,
(In thousands) | 2024 |  | 2023
Deferred tax assets: |  |  |
Stock and long-term compensation plans | $ | 1,224 |  |  | $ | 1,515 |
Foreign NOL & other carryforwards | 48,705 |  |  | 45,390 |
U.S. and state NOL carryforwards | 8,128 |  |  | 7,866 |
Deferred revenue | 219 |  |  | 650 |
Pension liability | 436 |  |  | 531 |
Depreciation and amortization | — |  |  | 1,626 |
Intangible assets | 7,855 |  |  | — |
Lease liability | 2,310 |  |  | 2,383 |
Capitalized research and development | 1,054 |  |  | 446 |
Accrued expenses and other | 1,036 |  |  | 948 |
Total gross deferred tax assets | 70,967 |  |  | 61,355 |
Less: Valuation allowance | (37,246) |  |  | (47,844) |
Net deferred income tax assets | $ | 33,721 |  |  | $ | 13,511 |
Deferred tax liabilities: |  |  |
Accruals | $ | — |  |  | $ | 367 |
Tax on unremitted foreign earnings | 3,516 |  |  | 1,164 |
Right of use asset | 2,527 |  |  | 2,095 |
Intangible assets | — |  |  | 2,217 |
Depreciation and amortization | 2,378 |  |  | — |
Tax on credits | 4,810 |  |  | 3,689 |
Contract acquisition costs | 3,654 |  |  | 3,325 |
Deferred tax liabilities | $ | 16,885 |  |  | $ | 12,857 |
Net deferred tax assets | $ | 16,836 |  |  | $ | 654 |
Schedule of net operating loss carryforwards | At December 31, 2024, the Company had foreign and state net operating loss (NOL) carryforwards and other foreign deductible carryforwards as shown in the following table:
(In thousands) | Carryforward |  | Expiration
NOL Carryforward |  |  |
Canada | $ | 52,645 |  |  | 2031-2044
United States | 22,678 |  |  | None
United Kingdom | 10,433 |  |  | None
Other foreign | 5,147 |  |  | None
Canada province | 48,742 |  |  | 2031-2044
U.S. states | 44,074 |  |  | 2025-2043
| $ | 183,719 |  |  |
Other Carryforwards |  |  |
United States credit | $ | 1,166 |  |  | 2031-2034
Canada | 50,099 |  |  | None
Canada province | 63,523 |  |  | None
Capital loss | 348 |  |  | None
Canada credits | 10,231 |  |  | 2033-2044
Canada province credits | 4,936 |  |  | 2036-2044
| $ | 130,303 |  |  |
| $ | 314,022 |  |  |
Schedule of reserves for uncertain tax position |
| December 31,
(In thousands) | 2024 |  | 2023 |  | 2022
Reserve at beginning of year | $ | — |  |  | $ | — |  |  | $ | 512 |
Increases related to prior year tax positions | — |  |  | — |  |  | — |
Decreases related to prior year tax positions | — |  |  | — |  |  | (512) |
Settlement | — |  |  | — |  |  | — |
Total | $ | — |  |  | $ | — |  |  | $ | — |
Schedule of income tax examinations | The Company's primary tax jurisdictions and the earliest tax year subject to audit are presented in the following table.
Australia | 2016
Austria | 2018
Belgium | 2020
Canada | 2020
Netherlands | 2019
Singapore | 2019
Switzerland | 2023
United Kingdom | 2022
United States | 2017

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