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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Expense (Benefit) | The provision (benefit) for income taxes consists of the following:
|  | Year Ended |
|  | December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | (in thousands) |
Federal: |  |  |  |  |  |  |  |  |
Current |  | $ | 4 |  |  | $ | (579 | ) |  | $ | (511 | )
Deferred |  |  | 8 |  |  |  | 4,667 |  |  |  | 701 |
Total Federal |  |  | 12 |  |  |  | 4,088 |  |  |  | 190 |
State and Local: |  |  |  |  |  |  |  |  |
Current |  |  | (539 | ) |  |  | (762 | ) |  |  | 769 |
Deferred |  |  | 17 |  |  |  | 1,602 |  |  |  | 346 |
Total State and Local |  |  | (522 | ) |  |  | 840 |  |  |  | 1,115 |
Foreign |  |  |  |  |  |  |  |  |
Current |  |  | 848 |  |  |  | 255 |  |  |  | 1,051 |
Deferred |  |  | — |  |  |  | (90 | ) |  |  | 72 |
Total Foreign |  |  | 848 |  |  |  | 165 |  |  |  | 1,123 |
Total |  | $ | 338 |  |  | $ | 5,093 |  |  | $ | 2,428 |
Schedule of Effective Income Tax Rate Reconciliation | The reconciliation between the provision (benefit) for income taxes and the expected provision (benefit) for income taxes at the U.S. federal statutory rate is as follows:
|  | Year Ended |
|  | December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | (in thousands) |
U.S. Operations |  | $ | (20,116 | ) |  | $ | (53,947 | ) |  | $ | 15,146 |
Foreign Operations |  |  | 2,775 |  |  |  | (506 | ) |  |  | 5,003 |
Income (loss) before income taxes |  |  | (17,341 | ) |  |  | (54,453 | ) |  |  | 20,149 |
Federal statutory rate |  |  | 21 | % |  |  | 21 | % |  |  | 21 | %
Provision (benefit) for income taxes at federal statutory rate |  |  | (3,642 | ) |  |  | (11,435 | ) |  |  | 4,231 |
State taxes, net of federal benefit |  |  | (385 | ) |  |  | (2,098 | ) |  |  | 812 |
Foreign tax rate differential |  |  | 135 |  |  |  | 90 |  |  |  | (60 | )
Change in valuation allowance |  |  | 2,850 |  |  |  | 18,353 |  |  |  | — |
Excess tax benefit recognized |  |  | 287 |  |  |  | (232 | ) |  |  | (2,159 | )
Foreign Derived Intangible Income |  |  | — |  |  |  | — |  |  |  | (976 | )
Foreign tax credit |  |  | (96 | ) |  |  | — |  |  |  | (770 | )
Research and development credit |  |  | (558 | ) |  |  | (400 | ) |  |  | (878 | )
Global intangible low taxed income |  |  | 858 |  |  |  | 325 |  |  |  | 530 |
Change in unrecognized tax benefits |  |  | (330 | ) |  |  | (382 | ) |  |  | 673 |
Section 162(m) |  |  | 1,237 |  |  |  | 395 |  |  |  | 634 |
Other |  |  | (18 | ) |  |  | 477 |  |  |  | 391 |
Provision for income taxes |  | $ | 338 |  |  | $ | 5,093 |  |  | $ | 2,428 |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of significant items comprising the Company’s deferred tax assets (liabilities) are as follows:
|  | December 31, 2023 |  |  | December 31, 2022 |
|  | (in thousands) |
Allowance for doubtful accounts |  | $ | 4 |  |  | $ | 4 |
Fixed assets |  |  | (764 | ) |  |  | (897 | )
Goodwill |  |  | (1,402 | ) |  |  | (1,268 | )
Employee benefits |  |  | 2,789 |  |  |  | 2,254 |
Intangible assets |  |  | 1,614 |  |  |  | 1,573 |
Inventories |  |  | 1,434 |  |  |  | 2,846 |
Lease liability |  |  | 1,977 |  |  |  | 2,227 |
Net operating loss |  |  | 8,372 |  |  |  | 7,354 |
Research and development expenses |  |  | 6,154 |  |  |  | 3,835 |
Right of use asset |  |  | (1,754 | ) |  |  | (2,010 | )
Sales reserves |  |  | 1,524 |  |  |  | 1,501 |
Unrecognized tax benefits |  |  | 311 |  |  |  | 470 |
Other |  |  | 1,376 |  |  |  | 852 |
|  |  | 21,635 |  |  |  | 18,741 |
Valuation allowance |  |  | (22,094 | ) |  |  | (19,244 | )
Net deferred tax assets (liabilities) |  | $ | (459 | ) |  | $ | (503 | )
Schedule of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:
|  | December 31, 2023 |  |  | December 31, 2022 |
|  | (in thousands) |
Gross unrecognized tax benefit, beginning of period |  | $ | 3,002 |  |  | $ | 3,415 |
Additions based on tax positions related to the current year |  |  | 128 |  |  |  | 150 |
Additions related to tax positions in a prior year |  |  | — |  |  |  | 158 |
Settlements related to tax positions in a prior period |  |  | (32 | ) |  |  | (321 | )
Decreases based on tax positions in a prior period |  |  | (814 | ) |  |  | (400 | )
Gross unrecognized tax benefit, end of period |  | $ | 2,284 |  |  | $ | 3,002 |
Summary of Income Tax Examinations | The Company files U.S., state, and foreign income tax returns in jurisdictions with various statutes of limitations. Below is a summary of the filing jurisdictions and open tax years:
|  | Open Years
U.S. Federal |  | 2020 - 2022
U.S. State and Local |  | 2019 - 2022
Non-U.S. |  | 2020 - 2022
On August 16, 2022, the Inflation Reduction Act was signed into law. The Inflation Reduction Act includes various tax provisions, which are effective for tax years beginning on or after January 1, 2023. For tax years beginning after December 31, 2021, the Tax Cuts & Jobs Act of 2017 eliminated the option to deduct research and development expenditures as incurred and instead required taxpayers to capitalize and amortize them over five or 15 years beginning in 2022. The Company included the impact of the research and development expenditures in its December 31, 2023 and 2022 tax expense. The Inflation Reduction Act includes a 1% excise tax on publicly traded US corporations for the value of its stock repurchased after December 31, 2022. The Company did no t incur excise tax on stock repurchased for the year ended December 31, 2023. The Company will continue to monitor possible future impact of changes in tax legislation.

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- 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
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- Definition Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482663/740-10-55-217 + Details
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