XML 54 R37.htm IDEA: XBRL DOCUMENT v3.24.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The components of income (loss) before income taxes were as follows (in thousands):

						Year ended December 31,
						2023						2022
U.S.						$	(43,450)					$	(43,587)
Non-U.S.						35,636						53,936
Income (loss) before income taxes						$	(7,814)					$	10,349

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) were as follows (in thousands):

						Year ended December 31,
						2023						2022
Current
U.S. federal and state						$	101					$	196
Non-U.S.						11,165						6,571
Total current						11,266						6,767
Deferred
U.S. federal and state						85						26
Non-U.S.						(289)						(156)
Total deferred						(204)						(130)
Income tax expense						$	11,062					$	6,637

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the actual provision for income taxes and that computed by applying the U.S. statutory rate to loss before income taxes are outlined below (in thousands):

						Year ended December 31,
						2023									2022
Income tax benefit at the statutory rate						$	(1,641)		21.0		%				$	2,173		21.0		%
State taxes, net of federal tax benefit						(114)			1.5		%				879			8.5		%
Non-U.S. operations						(274)			3.5		%				(7,242)			(70.0)		%
Domestic incentives						448			(5.7)		%				166			1.6		%
Prior year federal, non-U.S. and state tax						3,536			(45.3)		%				(591)			(5.7)		%
Nondeductible expenses						806			(10.3)		%				3,157			30.5		%
Valuation allowance						8,313			(106.4)		%				8,077			78.0		%
Other						(12)			0.1		%				18			0.2		%
Income tax expense						$	11,062		(141.6)		%				$	6,637		64.1		%

Schedule of Deferred Tax Assets and Liabilities

The primary components of deferred taxes include (in thousands):

						December 31,
						2023						2022
Deferred tax assets
Reserves and accruals						$	3,821					$	3,940
Operating lease liabilities						17,384						17,596
Inventories						10,170						12,964
Stock awards						1,829						1,862
Net operating loss and other tax carryforwards						160,127						124,024
Goodwill and intangible assets						20,091						26,607
Fair value discount on 2025 Notes						19,751						26,301
Property and equipment						6,619						4,570
Other						5,896						3,991
Gross deferred tax assets						245,688						221,855
Valuation allowance						(231,907)						(208,139)
Total deferred tax assets						$	13,781					$	13,716
Deferred tax liabilities
Operating lease assets						$	(13,903)					$	(13,989)
Prepaid expenses and other						(450)						(445)
Total deferred tax liabilities						(14,353)						(14,434)
Net deferred tax liabilities						$	(572)					$	(718)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of uncertain tax positions is as follows (in thousands):

2023 Activity						Amount
Balance at January 1, 2023						$	10,512
Additional based on tax positions related to prior years						501
Additional based on tax positions related to current year						1,477
Lapse of statute of limitations						(1,587)
Balance at December 31, 2023						$	10,903

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