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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Taxes [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

​

​	​	​	​	​	​	​	​	​	​
Year ended December 31,		2021			2020			2019
Income before income taxes:	​	​	​	​	​	​	​	​	​
Domestic	​	$	11,596	​	$	(25,403)	​	$	30,464
Foreign	​	​	840	​	​	14,679	​	​	37,929
Total income before income taxes	​	$	12,436	​	$	(10,724)	​	$	68,393
​	​	​	​	​	​	​	​	​	​
Provision for income taxes:	​	​	​	​	​	​	​	​	​
Current:	​	​	​	​	​	​	​	​	​
Federal	​	$	-	​	$	(3)	​	$	(4,384)
State and foreign	​	​	9,542	​	​	5,182	​	​	6,900
Total current expense	​	$	9,542	​	$	5,179	​	$	2,516
​	​	​	​	​	​	​	​	​	​
Deferred:	​	​	​	​	​	​	​	​	​
Federal	​	$	714	​	$	(8,512)	​	$	6,780
State and foreign	​	​	(1,226)	​	​	559	​	​	(1,194)
Total deferred benefit	​	​	(512)	​	​	(7,953)	​	​	5,586
Total income tax expense	​	$	9,030	​	$	(2,774)	​	$	8,102
​	​	​	​	​	​	​	​	​	​

Schedule of Effective Income Tax Rate Reconciliation

A summary of the differences between the statutory federal income tax rate of 21.0% and the consolidated provision for income taxes is shown below.

​

​	​	​	​	​	​	​	​	​	​	​
Year ended December 31,		​	2021		​	2020		​	2019	​
Statutory U.S. federal income tax provision (benefit)	​	$	2,612	​	$	(2,252)	​	$	14,363	​
State income taxes, net of federal tax benefit	​	​	942	​	​	(647)	​	​	152	​
Tax credits and incentives	​	​	(3,316)	​	​	(2,791)	​	​	(6,297)	​
Foreign tax rate differential	​	​	730	​	​	90	​	​	1,347	​
Impact of change in enacted tax law	​	​	227	​	​	1,108	​	​	993	​
Change in valuation allowance	​	​	5,070	​	​	2,174	​	​	(138)	​
U.S. tax on foreign earnings	​	​	(347)	​	​	(519)	​	​	(3,373)	​
Tax impact of unconsolidated subsidiaries	​	​	1,828	​	​	(323)	​	​	(331)	​
Unremitted earnings on foreign subsidiaries	​	​	835	​	​	86	​	​	-	​
Compensation and benefits	​	​	358	​	​	362	​	​	(469)	​
Other	​	​	91	​	​	(62)	​	​	1,855	​
Provision (benefit) for income taxes	​	$	9,030	​	$	(2,774)	​	$	8,102	​
​	​	​	​	​	​	​	​	​	​	​

Schedule of Deferred Tax Assets and Liabilities

​

​	​	​	​	​	​	​
As of December 31,		2021			2020
Deferred tax assets:	​	​	​	​	​	​
Inventories	​	$	1,692		$	1,858
Employee compensation and benefits	​		2,420			2,306
Accrued liabilities and reserves	​		4,486			3,649
Property, plant and equipment	​		751			943
Tax loss carryforwards	​		13,479			12,307
Tax credit carryforwards	​		24,173			22,949
Lease liability	​	​	3,712	​	​	4,199
Other	​		647			897
Gross deferred tax assets	​		51,360			49,108
Less: Valuation allowance	​		(14,516)			(10,237)
Deferred tax assets less valuation allowance	​		36,844			38,871
​	​	​	​	​	​	​
Deferred tax liabilities:	​	​	​	​	​	​
Property, plant and equipment	​		(1,235)			(2,400)
Intangible assets	​		(11,767)			(13,630)
Right-of-use-assets	​		(3,493)			(4,076)
Other	​		(5,021)			(4,793)
Gross deferred tax liabilities	​		(21,516)			(24,899)
Net deferred tax assets	​	$	15,328		$	13,972

Schedule of classification of Net Deferred Tax Assets and Liability

​

​	​	​	​	​	​	​
Year ended December 31,		2021			2020
Long-term deferred tax assets	​	$	26,034	​	$	26,907
Long-term deferred tax liabilities	​	​	(10,706)	​	​	(12,935)
Net deferred tax assets	​	$	15,328	​	$	13,972

Summary of Income Tax Contingencies

​

​	​	​	​	​	​	​	​	​	​
​		2021			2020			2019
Balance as of January 1	​	$	3,449	​	$	3,449	​	$	3,481
Tax positions related to the current year:	​	​	​	​	​	​	​	​	​
Additions	​	​	-	​	​	-	​	​	-
Tax positions related to the prior years:	​	​	​	​	​	​	​	​	​
Reductions	​	​	-	​	​	-	​	​	(32)
Expirations of statutes of limitation	​	​	(558)	​	​	-	​	​	-
Balance as of December 31	​	$	2,891	​	$	3,449	​	$	3,449

Schedule of Tax Years Open for Examination

​

​	​	​	​
Jurisdiction		Open Tax Years
U.S. Federal	​	​	2017-2021
Argentina	​	​	2016-2021
Brazil	​	​	2014-2021
China	​	​	2018-2021
France	​	​	2018-2021
Germany	​	​	2017-2021
Italy	​	​	2016-2021
Mexico	​	​	2016-2022
Netherlands	​	​	2017-2021
Spain	​	​	2017-2021
Sweden	​	​	2016-2021
United Kingdom	​	​	2020-2021

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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 for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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