XML 50 R38.htm IDEA: XBRL DOCUMENT v3.22.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Provision for income taxes reflected in the accompanying consolidated statements of operations are comprised of the following (in thousands):

		Year ended December 31,
		2021				2020				2019
Federal		$	1			$	(212	)		$	(212	)
State and local			43				134				66
Foreign			254				704				3,037
Total Current			298				626				2,891
Deferred			(72	)			109				(979	)
Total		$	226			$	735			$	1,912

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred tax assets/(liabilities) are as follows (in thousands):

		December 31,
		2021				2020
Net deferred tax assets/(liabilities):
Reserve for sales allowances and possible losses		$	356			$	658
Accrued expenses			2,998				3,227
Prepaid royalties			1,298				4,282
Accrued royalties			1,731				4,191
Inventory			9,313				8,793
State income taxes			17				23
Property and equipment			1,832				1,618
Goodwill and intangibles			4,266				6,015
Share-based compensation			593				780
Interest limitation			3,595				2,114
Undistributed foreign earnings			(2,919	)			(2,419	)
Operating lease right-of-use assets			(4,117	)			(5,798	)
Operating lease liabilities			4,518				6,427
Federal and state net operating loss carryforwards			59,572				61,239
Credit carryforwards			697				697
Other			902				794
Gross			84,652				92,641
Valuation allowance			(84,703	)			(92,764	)
Total net deferred tax liabilities		$	(51	)		$	(123	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Provision for income taxes varies from the U.S. federal statutory rate. The following reconciliation shows the significant differences in the tax at statutory and effective rates:

		Year ended December 31,
		2021				2020				2019
Federal income tax expense			21.0	%			21.0	%			21.0	%
State income tax expense, net of federal tax effect			3.3				7.7				6.1
Effect of differences in U.S. and foreign statutory rates			(0.5	)			1.2				0.6
Uncertain tax positions			7.0				3.4				(0.3	)
Provision to return			6.3				(3.8	)			(0.1	)
Change in tax rate			6.5				4.4				(1.5	)
Non-deductible expenses			(68.7	)			(26.2	)			(13.0	)
PPP Loan			29.1				0.0				0.0
Unrealized Loss			(138.9	)			(10.0	)			0.0
Other			0.0				0.0				(0.4	)
Undistributed foreign earnings			(8.7	)			(3.3	)			0.2
Valuation allowance			139.6				0.1				(16.2	)
			(4.0	)%			(5.5	)%			(3.6	)%

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The components of income (loss) before provision for income taxes are as follows (in thousands):

		Year ended December 31,
		2021				2020				2019
Domestic		$	(7,881	)		$	(18,748	)		$	(61,798	)
Foreign			2,219				5,339				8,331
		$	(5,662	)		$	(13,409	)		$	(53,467	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

The following table provides further information of UTPs that would affect the effective tax rate, if recognized, as of December 31, 2021 (in millions):

Balance, December 31, 2018		$	1.5
Current year additions			0.1
Balance, December 31, 2019			1.6
Current year reduction			(0.6	)
Balance, December 31, 2020			1.0
Current year reduction			(0.8	)
Balance, December 31, 2021		$	0.2

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=124434304&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration