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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Expense (Benefit) | The provision for income taxes consists of the following:
|  | Year Ended |
|  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Federal: |  |  |  |  |  |  |  |  |
Current |  | $ | (12 | ) |  | $ | 4 |  |  | $ | (579 | )
Deferred |  |  | (6,809 | ) |  |  | 8 |  |  |  | 4,667 |
Total Federal |  |  | (6,821 | ) |  |  | 12 |  |  |  | 4,088 |
State and Local: |  |  |  |  |  |  |  |  |
Current |  |  | 44 |  |  |  | (539 | ) |  |  | (762 | )
Deferred |  |  | (727 | ) |  |  | 17 |  |  |  | 1,602 |
Total State and Local |  |  | (683 | ) |  |  | (522 | ) |  |  | 840 |
Foreign |  |  |  |  |  |  |  |  |
Current |  |  | 2,077 |  |  |  | 848 |  |  |  | 255 |
Deferred |  |  | (84 | ) |  |  | — |  |  |  | (90 | )
Total Foreign |  |  | 1,993 |  |  |  | 848 |  |  |  | 165 |
Total |  | $ | (5,511 | ) |  | $ | 338 |  |  | $ | 5,093 |
Schedule of Effective Income Tax Rate Reconciliation | The reconciliation between the provision (benefit) for income taxes and the provision (benefit) for income taxes at the U.S. federal statutory rate is as follows:
|  | Year Ended |
|  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
U.S. Operations |  | $ | 4,268 |  |  | $ | (20,116 | ) |  | $ | (53,947 | )
Foreign Operations |  |  | 6,404 |  |  |  | 2,775 |  |  |  | (506 | )
Income (loss) before income taxes |  |  | 10,672 |  |  |  | (17,341 | ) |  |  | (54,453 | )
Federal statutory rate |  |  | 21 | % |  |  | 21 | % |  |  | 21 | %
Provision (benefit) for income taxes at federal statutory rate |  |  | 2,241 |  |  |  | (3,642 | ) |  |  | (11,435 | )
State taxes, net of federal benefit |  |  | 526 |  |  |  | (385 | ) |  |  | (2,098 | )
Foreign tax rate differential |  |  | 275 |  |  |  | 135 |  |  |  | 90 |
Change in valuation allowance |  |  | (1,453 | ) |  |  | 2,850 |  |  |  | 18,353 |
Excess tax benefit recognized |  |  | (368 | ) |  |  | 287 |  |  |  | (232 | )
Valuation allowance reduction due to acquired liabilities |  |  | (7,592 | ) |  |  | — |  |  |  | — |
Foreign tax credit |  |  | (8 | ) |  |  | (96 | ) |  |  | — |
Research and development credit |  |  | (539 | ) |  |  | (558 | ) |  |  | (400 | )
Global intangible low taxed income |  |  | 8 |  |  |  | 858 |  |  |  | 325 |
Change in unrecognized tax benefits |  |  | (245 | ) |  |  | (330 | ) |  |  | (382 | )
Section 162(m) |  |  | 414 |  |  |  | 1,237 |  |  |  | 395 |
Business transaction costs |  |  | 442 |  |  |  | — |  |  |  | — |
Other |  |  | 788 |  |  |  | (18 | ) |  |  | 477 |
Provision (benefit) for income taxes |  | $ | (5,511 | ) |  | $ | 338 |  |  | $ | 5,093 |
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, 2024 |  |  | December 31, 2023 |
|  | (in thousands) |
Allowance for doubtful accounts |  | $ | 4 |  |  | $ | 4 |
Fixed assets |  |  | (740 | ) |  |  | (764 | )
Goodwill |  |  | (1,501 | ) |  |  | (1,402 | )
Employee benefits |  |  | 2,254 |  |  |  | 2,789 |
Intangible assets |  |  | (8,600 | ) |  |  | 1,614 |
Inventories |  |  | 1,110 |  |  |  | 1,434 |
Lease liability |  |  | 2,255 |  |  |  | 1,977 |
Net operating loss |  |  | 6,170 |  |  |  | 8,372 |
Research and development expenses |  |  | 9,131 |  |  |  | 6,154 |
Right of use asset |  |  | (2,044 | ) |  |  | (1,754 | )
Sales reserves |  |  | 1,270 |  |  |  | 1,524 |
Unrecognized tax benefits |  |  | 232 |  |  |  | 311 |
Other |  |  | 3,236 |  |  |  | 1,376 |
|  |  | 12,777 |  |  |  | 21,635 |
Valuation allowance |  |  | (13,049 | ) |  |  | (22,094 | )
Net deferred tax liabilities |  | $ | (272 | ) |  | $ | (459 | )
Schedule of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:
|  | December 31, 2024 |  |  | December 31, 2023 |
|  | (in thousands) |
Gross unrecognized tax benefit, beginning of period |  | $ | 2,284 |  |  | $ | 3,002 |
Additions based on tax positions related to the current year |  |  | 128 |  |  |  | 128 |
Additions related to tax positions in a prior year |  |  | — |  |  |  | — |
Settlements related to tax positions in a prior period |  |  | (178 | ) |  |  | (32 | )
Decreases based on tax positions in a prior period |  |  | (450 | ) |  |  | (814 | )
Gross unrecognized tax benefit, end of period |  | $ | 1,784 |  |  | $ | 2,284 |

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