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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) before Income Tax, Domestic and Foreign

Income (loss) before income taxes, consisted of the following for the years set forth below (amounts in thousands):

			2024						2023						2022
Domestic			$	(32,410)					$	20,809					$	73,361
Foreign			40,681						88,939						128,992
			$	8,271					$	109,748					$	202,353

Schedule of Components of Income Tax Expense (Benefit)

The income tax provision was as follows for the years set forth below (amounts in thousands):

			2024						2023						2022
Current
Federal			$	372					$	(217)					$	(55)
State			(442)						1,341						1,897
Foreign			18,289						26,999						44,710
			18,219						28,123						46,552
Deferred
Federal			(1,290)						(2,513)						(14,953)
State			(1,896)						1,186						(10,959)
Foreign			(3,172)						(754)						2,527
			(6,358)						(2,081)						(23,385)
Income tax provision			$	11,861					$	26,042					$	23,167

Schedule of Effective Income Tax Rate Reconciliation

The income tax provision differs from the amount of income tax determined by applying the statutory U.S. federal income tax rate to pre-tax income (loss) as a result of the following:

			2024						2023						2022
Statutory U.S. federal tax rate			21.0		%				21.0		%				21.0		%
Unrecognized tax positions			7.3						—						(0.3)
Foreign tax rate and income differential			128.4						9.6						11.7
Valuation allowance			(100.3)						(3.5)						(23.4)
State taxes, net			(18.0)						1.2						2.0
Nondeductible royalty			—						0.8						0.5
Federal Benefit of Notice 2023-55			—						(5.2)						—
Expired tax credits			69.5						—						—
Equity based compensation			1.1						—						(0.3)
Return to provision			25.4						0.2						0.1
Transaction Costs			9.5						—						—
Other, net			(0.5)						(0.4)						0.1
Effective tax rate			143.4		%				23.7		%				11.4		%

Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.  Significant components of the Company’s deferred tax assets and liabilities at December 31, 2024 and 2023, were as follows (amounts in thousands):

			2024						2023
Deferred tax assets:
Net operating loss carryforwards			$	101,771					$	104,166
Inventory			8,385						8,492
Warranty			6,347						6,496
Employee benefits and related costs			8,352						8,130
Prepaid royalties			1,006						1,576
Interest limitation			28,834						29,020
Lease liability			5,138						4,390
Intangible assets			4,732						1,592
Foreign Tax Credit			2,318						8,068
Other			7,401						7,255
Deferred tax assets			174,284						179,185
Deferred tax liabilities:
Fixed assets			(13,939)						(11,577)
Lease assets			(5,181)						(4,384)
Pension			(6,060)						(3,740)
Other			(7,292)						(4,150)
Deferred tax liabilities			(32,472)						(23,851)
Subtotal			141,812						155,334
Valuation allowance			(106,496)						(119,535)
Net deferred tax liability			$	35,316					$	35,799

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the total amounts of unrecognized tax benefits at December 31 were as follows (amounts in thousands):

			2024						2023						2022
Balance at January 1			$	23					$	30					$	540
Increases to tax positions taken during the current year			—						—						—
Increases to tax positions taken during the prior years			3,341						—						—
Decreases to tax positions taken during prior years			—						—						—
Decreases due to lapse of statutes of limitations			—						(7)						(506)
Settlements			(273)						—						—
Foreign exchange			(12)						—						(4)
Balance at December 31			$	3,079					$	23					$	30

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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 change in unrecognized tax benefits.

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