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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of (loss) income before income taxes and the provision (benefit) for income taxes consist of the following:

Year ended December 31,						2024						2023						2022
(Loss) income before income taxes:
Domestic						$	(45,419)					$	(29,658)					$	(11,944)
Foreign						31,822						27,736						1,248
Total loss before income taxes						$	(13,597)					$	(1,922)					$	(10,696)
Provision (benefit) for income taxes:
Current:
Federal						$	(653)					$	219					$	435
State and local						(49)						(101)						747
Foreign						9,371						7,181						7,288
Total current provision						$	8,669					$	7,299					$	8,470
Deferred:
Federal						$	(3,536)					$	(2,265)					$	(3,282)
State and local						(445)						2						(25)
Foreign						(1,761)						(1,775)						(1,803)
Total deferred benefit						(5,742)						(4,038)						(5,110)
Total income tax provision						$	2,927					$	3,261					$	3,360

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,						2024						2023						2022
Statutory U.S. federal income tax benefit						$	(2,855)					$	(403)					$	(2,246)
State income taxes, net of federal tax benefit						(542)						(136)						495
Tax credits and incentives						(2,585)						(4,886)						(3,906)
Foreign tax rate differential						245						706						910
Impact of change in enacted tax law						3						5						300
Change in valuation allowance						(1,663)						1,817						5,248
U.S. tax on foreign earnings						5,922						4,815						1,376
Tax reserves and audit adjustments						4,054						—						(346)
Tax impact of unconsolidated subsidiaries						—						—						395
Unremitted earnings on foreign subsidiaries						(22)						—						(898)
Non-deductible expenses						607						1,338						657
Compensation and benefits						478						306						774
Other						(715)						(301)						601
Provision for income taxes						$	2,927					$	3,261					$	3,360

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities were as follows:

As of December 31,						2024						2023
Deferred tax assets:
Inventories						$	1,478					$	1,678
Employee compensation and benefits						1,870						2,324
Accrued liabilities and reserves						6,981						6,466
Property, plant and equipment						3,657						3,290
Tax loss carryforwards						13,071						18,129
Tax credit carryforwards						23,921						22,191
Capitalized research and development						4,665						4,345
Disallowed interest deduction						3,575						380
Lease liability						2,339						2,351
Other						1,659						660
Gross deferred tax assets						63,216						61,814
Less: Valuation allowance						(17,632)						(21,082)
Deferred tax assets less valuation allowance						45,584						40,732
Deferred tax liabilities:
Property, plant and equipment						(767)						(1,271)
Intangible assets						(6,577)						(8,942)
Right-of-use-assets						(2,148)						(2,059)
Other						(3,943)						(5,292)
Gross deferred tax liabilities						(13,435)						(17,564)
Net deferred tax assets						$	32,149					$	23,168

Schedule of Classification of Net Deferred Tax Assets and Liability

The balance sheet classification of our net deferred tax asset is shown below:

Year ended December 31,						2024						2023
Long-term deferred tax assets						$	37,470					$	30,392
Long-term deferred tax liabilities						(5,321)						(7,224)
Net deferred tax assets						$	32,149					$	23,168

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a reconciliation of the Company’s total gross unrecognized tax benefits:

			2024						2023						2022
Balance as of January 1			$	2,545					$	2,545					$	2,891
Tax positions related to the current year:
Additions			2,298						—						—
Tax positions related to the prior years:
Reductions			—						—						—
Expirations of statutes of limitation			—						—						(346)
Cumulative translation adjustment			(97)						—						—
Balance as of December 31			$	4,746					$	2,545					$	2,545

Schedule of Tax Years Open for Examination

The following table summarizes the open tax years for each jurisdiction:

Jurisdiction						Open Tax Years
U.S. Federal						2017-2024
Argentina						2019-2024
Brazil						2015-2024
China						2019-2024
France						2021-2024
Germany						2020-2024
Italy						2019-2024
Mauritius						2021-2024
Mexico						2019-2024
Netherlands						2020-2024
Sweden						2019-2024
United Kingdom						2023-2024

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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 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 the change in unrecognized tax benefits.

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