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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Pre-Tax Income (Loss) by Jurisdiction

In 2022, 2021 and 2020, pre-tax income (loss) was attributed to the following jurisdictions: 

			Year Ended December 31,
(In thousands)			2022						2021						2020
Domestic operations			$	(69,058)					$	(38,024)					$	(15,711)
Foreign operations			80,451						54,104						59,616
Total pre-tax income (loss)			$	11,393					$	16,080					$	43,905

Provision for Income Taxes

The provision for income taxes charged to operations was as follows: 

			Year Ended December 31,
(In thousands)			2022						2021						2020
Current tax expense:
U.S. federal			$	573					$	2					$	(193)
State and local			73						75						(54)
Foreign			8,523						12,386						6,525
Total current			9,169						12,463						6,278
Deferred tax (benefit) expense:
U.S. federal			230						584						—
State and local			36						90						—
Foreign			1,551						(2,358)						(945)
Total deferred			1,817						(1,684)						(945)
Total provision for income taxes			$	10,986					$	10,779					$	5,333

Net Deferred Tax Assets

Net deferred tax assets were comprised of the following: 

			December 31,
(In thousands)			2022						2021
Deferred tax assets:
Accrued liabilities			$	—					$	6,483
Accounts receivable			5,657						—
Amortization of intangible assets			5,977						1,412
Capitalized inventory costs			5,060						4,183
Capitalized research & development costs			4,632						—
Depreciation			5,067						4,289
Income tax credits			17,234						17,513
Inventory reserves			2,258						2,621
Net operating losses			3,770						3,512
Operating lease obligations			4,212						4,469
Stock-based compensation			4,288						4,569
Other			—						4,431
Total deferred tax assets			58,155						53,482
Deferred tax liabilities:
Accrued liabilities			(5,273)						—
Accounts receivable			—						(10,919)
Right of use assets			(4,407)						(4,690)
Other			(361)						—
Total deferred tax liabilities			(10,041)						(15,609)
Net deferred tax assets before valuation allowance			48,114						37,873
Less: Valuation allowance			(44,596)						(32,538)
Net deferred tax assets			$	3,518					$	5,335

Reconciliation of Tax Provision at Statutory U.S. Rate to Provision for Income Taxes

The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to pre-tax income from operations as a result of the following: 

			Year Ended December 31,
(In thousands)			2022						2021						2020
Tax provision at statutory U.S. rate			$	2,392					$	3,377					$	9,220
Increase (decrease) in tax provision resulting from:
Distribution of previously taxed foreign earnings and profits			(16,776)						—						—
Federal research and development credits			(715)						(1,391)						(2,119)
Foreign permanent benefit			(1,620)						(1,137)						(2,842)
Foreign tax rate differential			15,133						(2,647)						(1,595)
Foreign undistributed earnings, net of credits			6,486						6,902						3,319
Liquidation of Cayman subsidiary			—						745						—
Non-deductible items			601						1,198						1,637
Non-territorial income			(2,323)						(2,993)						(2,493)
Provision to return			(435)						(533)						(343)
Sale of Argentina subsidiary			—						2,084						—
Sale of intangible asset			(3,385)						—						—
State and local taxes, net			(2,408)						(1,435)						(1,932)
Stock-based compensation			693						(616)						(266)
Tax rate change			(640)						—						(1,527)
Uncertain tax positions			—						—						(1,565)
Valuation allowance			12,058						4,632						3,109
Withholding tax			2,188						2,333						2,320
Other			(263)						260						410
Tax provision			$	10,986					$	10,779					$	5,333

Changes to Gross Unrecognized Tax Benefits

Changes to our gross unrecognized tax benefits were as follows: 

			Year Ended December 31,
(In thousands)			2022						2021						2020
Balance at beginning of period			$	3,001					$	3,020					$	4,094
Additions as a result of tax provisions taken during the current year			149						226						274
Foreign currency translation			—						(13)						20
Lapse in statute of limitations			—						—						(51)
Settlements			—						(232)						—
Other			—						—						(1,317)
Balance at end of period			$	3,150					$	3,001					$	3,020

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