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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

For financial reporting purposes, income before taxes includes the following components (in thousands):

			Years ended December 31,
			2023						2022						2021
Domestic			$	(4,111)					$	(4,979)					$	(5,956)
Foreign			42,547						50,067						31,868
			$	38,436					$	45,088					$	25,912

Schedule of Components of Income Tax Expense (Benefit)

The expense (benefit) for income taxes is comprised of (in thousands):

			Years ended December 31,
			2023						2022						2021
Current:
Federal			$	517					$	21					$	245
State and local			162						97						38
Foreign			11,903						10,457						8,442
			12,582						10,575						8,725
Deferred:
Federal			154						(2,808)						(2,992)
State and local			(628)						109						(588)
Foreign			318						659						324
			(156)						(2,040)						(3,256)
Total income tax expense			$	12,426					$	8,535					$	5,469

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income tax expense (benefit) at the U.S. federal statutory income tax rate to the actual income tax provision is as follows (in thousands):

			Years ended December 31,
			2023						2022						2021
Tax at statutory rate			$	8,072					$	9,468					$	5,441
State income taxes, net of U.S. federal tax benefit			(368)						164						(391)
U.S. GILTI tax, net of foreign tax credits			72						8						77
Effect of foreign operations			2,378						1,246						2,096
Residual U.S. tax on foreign earnings			899						291						(258)
Change in valuation allowance			1,270						(1,629)						(1,204)
Change in unrecognized tax benefits, net			476						(1,000)						107
Impairment of goodwill			—						—						237
Specialty tax credits			(520)						(639)						(333)
Statutory rate changes			56						3						(282)
Effect of foreign exchange			128						667						(35)
Other			(37)						(44)						14
Total income tax expense			$	12,426					$	8,535					$	5,469

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):

			December 31,
			2023						2022
Deferred tax assets:
Pension and other postretirement costs			$	1,082					$	1,775
Inventories			4,102						4,057
Net operating/capital loss and interest carryforwards			10,800						9,060
Tax credit carryforwards			1,390						2,372
Deferred compensation			2,845						2,921
Research and development costs			4,707						2,940
Other accruals and reserves			3,709						2,228
Total gross deferred tax assets			28,635						25,353
Less: valuation allowance			(13,136)						(10,726)
			15,499						14,627
Deferred tax liabilities:
Tax over book depreciation			(2,151)						(1,453)
Investment in subsidiary			(2,121)						(2,137)
Intangible assets, including tax deductible goodwill			(10,843)						(10,675)
Total gross deferred tax liabilities			(15,115)						(14,265)
Net deferred tax assets			$	384					$	362

Summary of Valuation Allowance

Significant valuation allowances are as follows (in thousands):

			December 31,
Jurisdiction			2023						2022
U.S. federal			$	4,402					$	2,647
U.S. state (net of U.S. federal tax benefit)			6,545						6,026
Israel - capital losses			1,369						1,287

Summary of Operating Loss Carryforwards

The following table summarizes significant net operating losses, capital losses and credit carryforwards as of December 31, 2023 (in thousands):

			December 31,
Jurisdiction			2023						Expiring
U.S. federal net operating losses			$	3,566					No expiration
U.S. federal interest expense carryover			12,209						No expiration
U.S. foreign tax credit			577						2028-2032
U.S. state net operating losses			120,710						2023-2042
Israel capital losses			5,928						No expiration

Summary of Income Tax Contingencies

The following table summarizes changes in the Company's gross liabilities, excluding interest and penalties, associated with unrecognized tax benefits (in thousands):

			December 31,
			2023						2022						2021
Balance at beginning of year			$	439					$	1,282					$	1,244
Addition based on tax positions related to current year			589						176						52
Addition based on tax positions related to prior years			—						216						—
Reduction based on tax positions related to prior years			(128)						—						—
Currency translation adjustments			(8)						(6)						41
Reduction for settled tax examinations			—						(1,229)						—
Reduction for payments made			(94)						—						—
Reduction for lapses of statute of limitations			—						—						(55)
Balance at end of year			$	798					$	439					$	1,282

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