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Income Taxes (Tables)

12 Months Ended

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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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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