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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
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,
|  | 2024 |  | 2023
U.S. |  | $ | (170,901) |  |  | $ | (43,450) |
Non-U.S. |  | 42,475 |  |  | 35,636 |
Income (loss) before income taxes |  | $ | (128,426) |  |  | $ | (7,814) |
Schedule of Components of Income Tax Expense (Benefit) | The components of income tax expense (benefit) were as follows (in thousands):
|  | Year ended December 31,
|  | 2024 |  | 2023
Current |  |  |  |
U.S. federal and state |  | $ | 1,545 |  |  | $ | 101 |
Non-U.S. |  | 22,929 |  |  | 11,165 |
Total current |  | 24,474 |  |  | 11,266 |
Deferred |  |  |  |
U.S. federal and state |  | (752) |  |  | 85 |
Non-U.S. |  | (16,822) |  |  | (289) |
Total deferred |  | (17,574) |  |  | (204) |
Income tax expense |  | $ | 6,900 |  |  | $ | 11,062 |
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,
|  | 2024 |  | 2023
Income tax benefit at the statutory rate |  | $ | (26,970) |  | (21.0) | % |  | $ | (1,641) |  | (21.0) | %
State taxes, net of federal tax benefit |  | (115) |  | (0.1) | % |  | (114) |  | (1.5) | %
Non-U.S. operations |  | 3,143 |  | 2.4 | % |  | (274) |  | (3.5) | %
Domestic incentives |  | (402) |  | (0.3) | % |  | 448 |  | 5.7 | %
Prior year federal, non-U.S. and state tax |  | 3,488 |  | 2.7 | % |  | 3,536 |  | 45.3 | %
Nondeductible expenses |  | 2,124 |  | 1.7 | % |  | 806 |  | 10.3 | %
Valuation allowance |  | 25,137 |  | 19.6 | % |  | 8,313 |  | 106.4 | %
Other |  | 495 |  | 0.4 | % |  | (12) |  | (0.1) | %
Income tax expense |  | $ | 6,900 |  | 5.4 | % |  | $ | 11,062 |  | 141.6 | %
Schedule of Deferred Tax Assets and Liabilities | The primary components of deferred taxes include (in thousands):
|  | December 31,
|  | 2024 |  | 2023
Deferred tax assets |  |  |  |
Reserves and accruals |  | $ | 5,579 |  |  | $ | 3,821 |
Operating lease liabilities |  | 20,086 |  |  | 17,384 |
Inventories |  | 8,894 |  |  | 10,170 |
Stock awards |  | 935 |  |  | 1,829 |
Net operating loss and other tax carryforwards |  | 186,118 |  |  | 160,127 |
Goodwill and intangible assets |  | 19,513 |  |  | 20,091 |
Fair value discount on 2025 Notes |  | 12,188 |  |  | 19,751 |
Property and equipment |  | — |  |  | 6,619 |
Other |  | 10,114 |  |  | 5,896 |
Gross deferred tax assets |  | 263,427 |  |  | 245,688 |
Valuation allowance |  | (254,515) |  |  | (231,907) |
Total deferred tax assets |  | $ | 8,912 |  |  | $ | 13,781 |
Deferred tax liabilities |  |  |  |
Property and equipment |  | $ | (3,771) |  |  | $ | — |
Operating lease assets |  | (16,924) |  |  | (13,903) |
Prepaid expenses and other |  | (450) |  |  | (450) |
Total deferred tax liabilities |  | (21,145) |  |  | (14,353) |
Net deferred tax liabilities |  | $ | (12,233) |  |  | $ | (572) |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of uncertain tax positions is as follows (in thousands):
2024 Activity |  | Amount
Balance at January 1, 2024 |  | $ | 10,903 |
Additional based on tax positions related to prior years |  | 259 |
Additional based on tax positions related to current year |  | 3,040 |
Lapse of statute of limitations |  | (1,448) |
Balance at December 31, 2024 |  | $ | 12,754 |

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