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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Components of Income before Income Taxes | The components of income before income taxes and equity in earnings are as follows:
| Year Ended December 31, |  |  |  |
| 2019 |  | 2018 |  | 2017
| (in thousands) |  |  |  |
Domestic | $ | (21,311) |  |  | $ | 5,455 |  |  | $ | 17,728 |
Foreign | (22,462) |  |  | (4,946) |  |  | (6,949) |
Total (loss) income before income taxes and equity in earnings | $ | (43,773) |  |  | $ | 509 |  |  | $ | 10,779 |
Provision for Income Taxes | The provision for income taxes (before equity in earnings) consists of:
| Year Ended December 31, |  |  |  |
| 2019 |  | 2018 |  | 2017
| (in thousands) |  |  |  |
Current: |  |  |  |  |
Federal | $ | 906 |  |  | $ | 775 |  |  | $ | 7,041 |
State and local | 884 |  |  | 351 |  |  | 957 |
Foreign | 392 |  |  | (323) |  |  | 4 |
Deferred | (1,073) |  |  | 2,086 |  |  | 1,030 |
Income tax provision | $ | 1,109 |  |  | $ | 2,889 |  |  | $ | 9,032 |
Significant Components of Net Deferred Income Tax Asset (Liability) | Significant components of the Company’s deferred income tax assets and (liabilities) are as follows:
| December 31, |  |
| 2019 |  | 2018
| (in thousands) |  |
Deferred income tax assets: |  |  |
Operating lease liabilities | $ | 29,126 |  |  | $ | — |
Deferred rent expense | — |  |  | 3,504 |
Stock options | 2,660 |  |  | 2,982 |
Inventory | 2,351 |  |  | 1,446 |
Operating loss and non-deductible interest carry-forward | 8,041 |  |  | 7,071 |
Accounts receivable allowances | 777 |  |  | 734 |
Accrued compensation | 846 |  |  | 1,026 |
Other | 2,034 |  |  | 1,753 |
Total deferred income tax assets | $ | 45,835 |  |  | $ | 18,516 |
Deferred income tax liabilities: |  |  |
Operating lease right-of-use assets | $ | (25,084) |  |  | $ | — |
Fixed assets | (2,431) |  |  | (2,540) |
Intangibles | (27,782) |  |  | (27,534) |
Total deferred income tax liabilities | (55,297) |  |  | (30,074) |
Net deferred income tax liability | (9,462) |  |  | (11,558) |
Valuation allowance | (4,223) |  |  | (2,850) |
Net deferred income tax liability | $ | (13,685) |  |  | $ | (14,408) |
Difference between Provision for Income Taxes and Amount Computed by Applying Federal Statutory Rates | The provision for income taxes (before equity in earnings) differs from the amounts computed by applying the applicable federal statutory rates as follows:
| Year Ended December 31, |  |  |  |
| 2019 |  | 2018 |  | 2017
Federal income taxes at the statutory rate | 21.0 | % |  | 21.0 | % |  | 35.0 | %
Increases (decreases): |  |  |  |  |
State and local income taxes, net of Federal income tax benefit | (1.7) |  |  | 97.4 |  |  | 6.1 |
Foreign rate differences | (1.0) |  |  | (110.3) |  |  | 7.2 |
Impairment of goodwill (1) | (20.8) |  |  | 98.6 |  |  | — |
Non-deductible expenses | (1.2) |  |  | 129.9 |  |  | 3.7 |
Tax Act- revaluation of net deferred tax assets and other | — |  |  | 16.8 |  |  | 27.7 |
Tax Act- transition tax | — |  |  | 43.0 |  |  | 3.1 |
Uncertain tax positions | (0.3) |  |  | 302.8 |  |  | 0.6 |
Research and development credit | 1.4 |  |  | (18.5) |  |  | — |
Federal return to provision | 0.4 |  |  | (27.5) |  |  | — |
Other | (0.3) |  |  | 14.4 |  |  | 0.4 |
Provision for income taxes | (2.5) | % |  | 567.6 | % |  | 83.8 | %
(1)In 2019, the rate for the impairment of goodwill was (20.8)% due to a pretax loss position. In 2018, the rate for the impairment of goodwill was 98.6% due to a pretax income position.
Estimated Values of Gross Uncertain Tax Positions | The estimated values of the Company’s gross uncertain tax positions at December 31, 2019, 2018 and 2017 are liabilities of $1.5 million, $2.0 million and $0.2 million, respectively, and consist of the following:
| Year Ended December 31, |  |  |  |
| 2019 |  | 2018 |  | 2017
| (in thousands) |  |  |  |
Balance at January 1 | $ | (1,975) |  |  | $ | (161) |  |  | $ | (109) |
Additions based on tax positions related to the current year | (29) |  |  | (626) |  |  | (82) |
Additions based on tax positions related to the prior year | — |  |  | (1,302) |  |  | — |
Reductions for tax position of prior years | 496 |  |  | 114 |  |  | 30 |
Balance at December 31 | $ | (1,508) |  |  | $ | (1,975) |  |  | $ | (161) |

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