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INCOME TAXES (Tables)

12 Months Ended

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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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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