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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

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,
		2023				2022				2021
Current income tax expense (benefit):
Federal		$	11,935			$	11,293			$	1
State and local			2,167				2,031				43
Foreign			3,070				3,523				254
Total current income tax expense (benefit)			17,172				16,847				298
Deferred income tax expense (benefit):
Federal			(8,989	)			(51,579	)			—
State and Local			(1,358	)			(6,071	)			—
Foreign			8				(205	)			(72	)
Total deferred income tax expense (benefit)			(10,339	)			(57,855	)			(72	)
Total income tax expense (benefit)		$	6,833			$	(41,008	)		$	226

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

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

		Year ended December 31,
Deferred Income Tax Assets:		2023				2022
Reserve for sales allowances and possible losses		$	654			$	469
Accrued expenses			3,467				3,884
Prepaid royalties			676				599
Accrued royalties			1,693				465
Inventory			12,444				9,574
State income taxes			477				420
Property and equipment			1,789				1,701
Goodwill and intangibles			1,192				2,412
Share based compensation			1,025				738
Interest limitation			2,243				2,256
Operating lease liabilities			4,991				4,120
Federal and state net operating loss carryforwards			34,458				31,263
Credit carryforwards			110				110
Research and development capitalization			7,962				3,792
Other			1,097				1,195
Total Deferred Income Tax Assets			74,278				62,998
Deferred Income Tax Liabilities:
Undistributed foreign earnings			(503	)			(479	)
Operating lease right-of-use assets			(4,908	)			(3,989	)
Total Deferred Income Tax Liabilities			(5,411	)			(4,468	)
Valuation allowance			(724	)			(726	)
Total Net Deferred Income Tax Assets/(Liabilities)		$	68,143			$	57,804

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,
		2023				2022				2021
Federal income tax expense			21.0	%			21.0	%			21.0	%
State income tax expense, net of federal tax effect			2.0				1.9				3.3
Effect of differences in U.S. and foreign statutory rates			(1.1	)			(1.3	)			(0.5	)
Uncertain tax positions			0.6				5.5				7.0
Provision to return			(0.1	)			(0.2	)			5.0
Other deferred adjustments			(5.7	)			21.4				1.3
Change in tax rate			0.1				6.9				6.5
Foreign derived intangible income			(9.8	)			(10.6	)			0.0
Non-deductible expenses			(0.7	)			4.7				(38.5	)
PPP Loan			0.0				0.0				29.1
Unrealized loss			4.2				0.3				(138.9	)
Section 162(m)			6.4				4.2				(30.2	)
R&D credit			(1.5	)			(0.5	)			0.0
Foreign tax credit			0.0				(3.6	)			0.0
Undistributed foreign earnings			0.1				(1.4	)			(8.7	)
Valuation allowance			0.0				(130.2	)			139.6
Other			(0.3	)			0.0				0.0
			15.2	%			(81.9	)%			(4.0	)%

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,
		2023				2022				2021
Domestic		$	28,552			$	31,588			$	(7,881	)
Foreign			16,394				18,487				2,219
		$	44,946			$	50,075			$	(5,662	)

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, 2023 (in millions):

Balance, December 31, 2020		$	1.0
Settlements			(0.8	)
Balance, December 31, 2021			0.2
Additions based on tax positions related to the current year			0.1
Additions for tax positions of prior years			2.8
Settlements			(0.2	)
Balance, December 31, 2022			2.9
Additions based on tax positions related to the current year			0.3
Additions for tax positions of prior years			0.8
Settlements			(0.9	)
Balance, December 31, 2023		$	3.1

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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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