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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

The following table sets forth the components of the Company's (loss) income before income tax (expense) benefit:

			Years Ended December 31,
(in thousands)			2024						2023						2022
United States			$	(31,483)					$	(278,741)					$	68,706
Foreign			(34,515)						18,197						30,269
Total (loss) income before income tax (expense) benefit			$	(65,998)					$	(260,544)					$	98,975

Schedule of Components of Income Tax Expense (Benefit)

The following table sets forth the components of the Company's income tax (expense) benefit:

			Years Ended December 31,
(in thousands)			2024						2023						2022
Current tax (expense):
Federal			$	(5,316)					$	(1,870)					$	(42,065)
State and local			(1,800)						(1,542)						(6,579)
Foreign			(6,498)						(8,238)						(11,096)
Total current tax (expense)			(13,614)						(11,650)						(59,740)
Deferred tax benefit (expense):
Federal			5,748						7,789						9,096
State and local			(1,677)						(826)						(3,439)
Foreign			1,325						5,936						9,456
Total deferred tax benefit			5,396						12,899						15,113
Total income tax (expense) benefit			$	(8,218)					$	1,249					$	(44,627)

Schedule of Effective Income Tax Rate Reconciliation

The following table sets forth the principal reasons for the differences between the effective income tax rate and the statutory federal income tax rate for the Company:

			Years Ended December 31,
			2024						2023						2022
Statutory federal tax rate			21.0		%				21.0		%				21.0		%
Foreign rate differential			5.7		%				0.3		%				0.1		%
State and local taxes, net of federal tax benefit			(10.1)		%				(0.8)		%				9.1		%
Change in value of indemnification asset			—		%				(0.9)		%				(0.4)		%
Non-deductible executive compensation			(3.7)		%				(1.0)		%				1.8		%
Stock compensation			0.2		%				—		%				—		%
Non-deductible transaction costs			(1.8)		%				(0.2)		%				0.1		%
Change in federal and state valuation allowance			5.2		%				0.1		%				(0.7)		%
Change in unrecognized tax benefits (including FBOS)			(3.8)		%				2.4		%				1.9		%
Bargain purchase gain			—		%				—		%				(2.2)		%
Non-deductible goodwill impairment			(32.8)		%				(21.7)		%				21.6		%
Federal research and development credit			3.2		%				0.6		%				(1.4)		%
Foreign exchange			2.2		%				(0.1)		%				(0.4)		%
Other, net			2.3		%				0.8		%				(5.4)		%
Effective tax rate			(12.4)		%				0.5		%				45.1		%

Schedule of Deferred Tax Assets and Liabilities

The following table sets forth the significant components of the Company's deferred income tax assets and liabilities:

			Years Ended December 31,
(in thousands)			2024						2023
Deferred tax assets
Allowance for doubtful accounts			$	3,887					$	4,405
Deferred and other compensation			15,184						16,662
Capital investments			—						3,790
Interest expense limitation			21,677						9,680
Fixed assets and capitalized software			27,781						14,786
Pension and other post-employment benefits			10,578						18,805
Operating lease liability			2,627						3,474
Reserve for facility exit costs			4,719						4,812
Net operating loss and credit carryforwards (1)			35,325						27,593
Non-compete and other agreements			24,375						37,615
Goodwill and other intangible assets			13,319						15,567
Other, net			13,436						8,361
Total deferred tax assets			$	172,908					$	165,550
Valuation allowance			(15,662)						(18,810)
Net deferred tax assets			$	157,246					$	146,740
Deferred tax liabilities
Goodwill and other intangible assets			$	—					$	(2,587)
Deferred costs			(1,754)						(3,368)
Investment in subsidiaries			(4,193)						(4,489)
Operating lease right-of-use assets			(5,323)						(5,582)
Fixed assets and capitalized software			(2,889)						(1,099)
Other, net			—						(2,676)
Total deferred tax (liabilities)			$	(14,159)					$	(19,801)
Net deferred tax asset			$	143,087					$	126,939

(1)    For the year ended December 31, 2024, the Company had gross federal net operating loss carryforwards of $83.8 million, subject to an annual Section 382 limitation of $0.4 million. The Company also had net operating loss and credit carryforward deferred tax assets of $17.8 million and $20.9 million for the years ended December 31, 2024 and 2023, respectively, for state income tax purposes, which will begin to expire in 2025. Additionally, $1.1 million of the state net operating loss carryforward deferred tax asset is subject to a Section 382 limitation of $0.4 million.

Schedule of Deferred Tax asset Valuation Allowance

The following table sets forth changes in the Company’s valuation allowance:

(in thousands)			2024						2023
Balance at beginning of period			$	18,810					$	21,109
Net change in valuation allowance			(3,148)						(2,299)
Balance at end of period			$	15,662					$	18,810

Schedule of Unrecognized Tax Benefits RollForward

The following table reflects changes to and balances of the Company's unrecognized tax benefits:

(in thousands)			2024						2023						2022
Balance at beginning of period			$	17,140					$	21,443					$	20,834
Gross additions for tax positions related to the current year			774						624						423
Gross additions for tax positions related to prior years			150						201						332
Gross reductions for tax positions related to prior years			—						(5,128)						—
Gross reductions for tax positions related to the lapse of applicable statute of limitations			—						—						(146)
Balance at end of period			$	18,064					$	17,140					$	21,443

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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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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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