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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Components of Income before Income Tax | Income (loss) before income taxes, as shown in the accompanying Consolidated Statements of Operations, includes the following components for the years ended December 31, 2023 and 2022:
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  |
Domestic |  | $ | 14,575 |  |  | $ | (5,074) |  |  |
Foreign |  | (13,631) |  |  | (3,922) |  |  |
Income (loss) before income taxes |  | $ | 944 |  |  | $ | (8,996) |  |  |
Schedule of Significant Components of Income Tax | Significant components of the provision for income taxes for the years ended December 31, 2023 and 2022 were as follows:
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  |
Current: |  |  |  |  |  |
Federal |  | $ | (16) |  |  | $ | — |  |  |
State |  | 53 |  |  | 127 |  |  |
Foreign |  | 1,460 |  |  | 769 |  |  |
Total current |  | 1,497 |  |  | 896 |  |  |
Deferred: |  |  |  |  |  |
Federal |  | — |  |  | 28,287 |  |  |
State |  | — |  |  | 9,001 |  |  |
Foreign |  | (1,852) |  |  | (1,503) |  |  |
Total deferred |  | (1,852) |  |  | 35,785 |  |  |
Total income tax (benefit) expense |  | $ | (355) |  |  | $ | 36,681 |  |  |
Schedule of Reconciliation of Statutory Income to Income Tax Expense | The reconciliation of income tax computed at statutory rates to income tax expense for the years ended December 31, 2023 and 2022 is as follows:
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  |
|  | Amount |  | Percent |  | Amount |  | Percent |  |  |  |
Statutory rate |  | $ | 198 |  |  | 21.0 | % |  | $ | (1,889) |  |  | 21.0 | % |  |  |  |
Foreign tax rate differential |  | (520) |  |  | (55.1) |  |  | (306) |  |  | 3.4 |  |  |  |  |
State income taxes, net of federal benefit |  | 322 |  |  | 34.1 |  |  | 327 |  |  | (3.6) |  |  |  |  |
Non-deductible expenses |  | 206 |  |  | 21.8 |  |  | 200 |  |  | (2.2) |  |  |  |  |
Non-deductible executive compensation |  | 256 |  |  | 27.1 |  |  | 45 |  |  | (0.5) |  |  |  |  |
Income tax credits |  | (218) |  |  | (23.1) |  |  | (261) |  |  | 2.9 |  |  |  |  |
Change in income tax rates |  | (38) |  |  | (4.0) |  |  | 176 |  |  | (2.0) |  |  |  |  |
Tax on unremitted foreign earnings |  | 181 |  |  | 19.2 |  |  | 439 |  |  | (4.9) |  |  |  |  |
Change in valuation allowance |  | (723) |  |  | (76.6) |  |  | 37,895 |  |  | (421.2) |  |  |  |  |
Other |  | (19) |  |  | (2.0) |  |  | 55 |  |  | (0.6) |  |  |  |  |
Total income tax (benefit) expense / Effective rate |  | $ | (355) |  |  | (37.6) | % |  | $ | 36,681 |  |  | (407.7) | % |  |  |  |
Schedule of Significant Components of Deferred Tax Asset and Liability | Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2023 and 2022 were as follows:
|  | December 31,
|  | 2023 |  | 2022
Deferred tax assets: |  |  |  |
Goodwill and other intangibles |  | $ | 1,762 |  |  | $ | 8,099 |
Accrued settlement |  | 2,001 |  |  | 3,915 |
Deferred compensation |  | 4,127 |  |  | 2,396 |
Contingent liabilities |  | 600 |  |  | 613 |
Net operating loss / tax credit carryforwards |  | 36,217 |  |  | 30,812 |
Pension and post-retirement liability |  | 149 |  |  | 297 |
Inventories |  | 852 |  |  | 1,790 |
Warranty reserve |  | 146 |  |  | 202 |
Accounts receivable |  | 201 |  |  | 181 |
Interest deduction carryforward |  | 1,882 |  |  | 775 |
Capitalized research expenditures |  | 1,599 |  |  | 1,292 |
Other |  | 680 |  |  | 644 |
Total deferred tax assets |  | 50,216 |  |  | 51,016 |
Less: valuation allowance |  | (40,125) |  |  | (40,601) |
Net deferred tax assets |  | 10,091 |  |  | 10,415 |
Deferred tax liabilities: |  |  |  |
Goodwill and other intangibles |  | (2,181) |  |  | (2,803) |
Depreciation |  | (8,596) |  |  | (9,434) |
Unrealized income on interest rate swap contracts |  | (306) |  |  | (472) |
Unremitted earnings of foreign subsidiaries |  | (50) |  |  | (625) |
Other |  | (190) |  |  | (166) |
Total deferred tax liabilities |  | (11,323) |  |  | (13,500) |
Net deferred tax (liabilities) assets |  | $ | (1,232) |  |  | $ | (3,085) |
Schedule of Reconciliation of Unrealized tax Benefits | The following table provides a reconciliation of unrecognized tax benefits as of December 31, 2023 and 2022:
|  | December 31,
|  | 2023 |  | 2022
Unrecognized tax benefits at beginning of period: |  | $ | 354 |  |  | $ | 365 |
Decreases based on tax positions for prior periods |  | (47) |  |  | (11) |
Balance at end of period |  | $ | 307 |  |  | $ | 354 |

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