XML 49 R36.htm IDEA: XBRL DOCUMENT
v3.22.0.1

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Income before income taxes | The components of the Company’s income before income taxes are attributable to the following jurisdictions for the years ended December 31 (in thousands):
| 2021 |  | 2020
United States | $ | 6,947 |  |  | $ | 4,934 |
Foreign | 1,945 |  |  | 791 |
Income before income taxes | $ | 8,892 |  |  | $ | 5,725 |
Income tax provision | The components of the Company’s income tax provision (benefit) for the years ended December 31 (in thousands):
Current provision (benefit): | 2021 |  | 2020
Federal | $ | (17) |  |  | $ | (1,086) |
State | (161) |  |  | 114 |
Foreign | 956 |  |  | 716 |
| 778 |  |  | (256) |
Deferred provision (benefit): |  |  |
Federal | (1,183) |  |  | — |
State | (131) |  |  | — |
Foreign | (414) |  |  | (280) |
| (1,728) |  |  | (280) |
| $ | (950) |  |  | $ | (536) |
Reconciliation of effective income tax rate and United States federal statutory income tax rate | A reconciliation of the Company’s effective income tax rate and the United States federal statutory income tax rate is summarized as follows, for the years ended December 31:
| 2021 |  | 2020
Federal statutory income taxes | 21.0 | % |  | 21.0 | %
State income taxes, net of federal benefit | 0.8 |  |  | 2.9 |
Difference in foreign and United States tax on foreign operations | 0.7 |  |  | 1.9 |
Effect of changes in valuation allowance | (45.0) |  |  | (7.7) |
CARES NOL Carryback Benefit | — |  |  | (25.3) |
Foreign Derived Intangible Income (FDII) deduction | (8.1) |  |  | (6.6) |
Global Intangible Low Taxed Income (GILTI)(1) | — |  |  | (7.3) |
Foreign Charitable Contributions | 0.7 |  |  | 1.4 |
Prior year adjustments | 1.3 |  |  | 8.2 |
Withholding taxes | 2.5 |  |  | 3.2 |
Changes to uncertain tax positions | (1.8) |  |  | — |
Expiration of tax attribute | 17.4 |  |  | — |
Other | (0.2) |  |  | (1.1) |
| (10.7) | % |  | (9.4) | %
Deferred tax assets and liabilities | Significant components of the Company’s deferred tax assets and liabilities consisted of the following at December 31 (in thousands):
Deferred tax assets: | 2021 |  | 2020
Deferred Revenue | $ | 409 |  |  | $ | 317 |
Inventory | 235 |  |  | 343 |
Accrued expenses | 1,352 |  |  | 1,034 |
Net operating loss (1) | 5,310 |  |  | 7,078 |
Equity Compensation | 242 |  |  | 296 |
Foreign tax credit carryover | 3,436 |  |  | 4,615 |
Lease liability | 763 |  |  | 922 |
Other | 664 |  |  | 443 |
Total deferred tax assets | $ | 12,411 |  |  | $ | 15,048 |
Valuation allowance | (7,934) |  |  | (11,933) |
Total deferred tax assets, net of valuation allowance | $ | 4,477 |  |  | $ | 3,115 |
Deferred tax liabilities: |  |  |
Prepaid expenses | 111 |  |  | 131 |
Deferred commissions | 450 |  |  | 305 |
Internally-developed software | 104 |  |  | 237 |
Lease assets | 717 |  |  | 884 |
Fixed assets | 270 |  |  | 383 |
Total deferred tax liabilities | $ | 1,652 |  |  | $ | 1,940 |
Total net deferred tax asset | $ | 2,825 |  |  | $ | 1,175 |
(1)The Company’s net operating loss will expire as follows (dollar amounts in thousands):
Jurisdiction | Gross NOL |  | Tax Effected NOL |  | Expiration Years
Australia | $ | 148 |  |  | $ | 44 |  |  | Indefinite
Bermuda | 63 |  |  | — |  |  | N/A
China | 606 |  |  | 151 |  |  | 2024-2026
Colombia | 1,654 |  |  | 496 |  |  | Indefinite
Cyprus | 1,371 |  |  | 171 |  |  | 2026
Gibraltar | 216 |  |  | — |  |  | Indefinite
Mexico | 6,313 |  |  | 1,894 |  |  | 2022-2028
Norway | 310 |  |  | 68 |  |  | Indefinite
Russia | 8 |  |  | 2 |  |  | Indefinite
Singapore | 147 |  |  | 25 |  |  | Indefinite
South Africa | 646 |  |  | 181 |  |  | Indefinite
Sweden | 456 |  |  | 94 |  |  | Indefinite
Switzerland | 6,765 |  |  | 622 |  |  | 2022-2028
Taiwan | 3,422 |  |  | 684 |  |  | 2022-2031
Ukraine | 9 |  |  | 2 |  |  | Indefinite
United Kingdom | 339 |  |  | 64 |  |  | Indefinite
United States - State | 13,574 |  |  | 812 |  |  | 2022-Indefinite
Net operating loss by Jurisdiction | The Company’s net operating loss will expire as follows (dollar amounts in thousands):
Jurisdiction | Gross NOL |  | Tax Effected NOL |  | Expiration Years
Australia | $ | 148 |  |  | $ | 44 |  |  | Indefinite
Bermuda | 63 |  |  | — |  |  | N/A
China | 606 |  |  | 151 |  |  | 2024-2026
Colombia | 1,654 |  |  | 496 |  |  | Indefinite
Cyprus | 1,371 |  |  | 171 |  |  | 2026
Gibraltar | 216 |  |  | — |  |  | Indefinite
Mexico | 6,313 |  |  | 1,894 |  |  | 2022-2028
Norway | 310 |  |  | 68 |  |  | Indefinite
Russia | 8 |  |  | 2 |  |  | Indefinite
Singapore | 147 |  |  | 25 |  |  | Indefinite
South Africa | 646 |  |  | 181 |  |  | Indefinite
Sweden | 456 |  |  | 94 |  |  | Indefinite
Switzerland | 6,765 |  |  | 622 |  |  | 2022-2028
Taiwan | 3,422 |  |  | 684 |  |  | 2022-2031
Ukraine | 9 |  |  | 2 |  |  | Indefinite
United Kingdom | 339 |  |  | 64 |  |  | Indefinite
United States - State | 13,574 |  |  | 812 |  |  | 2022-Indefinite
Summary of valuation allowance |
Country | 2021 |  | 2020
Australia | $ | — |  |  | $ | 0.2 |
China | 0.5 |  |  | 0.4 |
Colombia | 0.5 |  |  | 0.6 |
Cyprus | 0.2 |  |  | 0.2 |
Mexico | 1.9 |  |  | 3.1 |
Norway | 0.1 |  |  | 0.1 |
South Africa | 0.2 |  |  | 0.2 |
Switzerland | 0.5 |  |  | 0.5 |
Taiwan | 0.6 |  |  | 1.1 |
United States | 3.4 |  |  | 5.5 |
Total | $ | 7.9 |  |  | $ | 11.9 |
Deferred tax assets (liabilities) classified in Consolidated Balance Sheets |
| 2021 |  | 2020
Deferred tax assets | $ | 2,828 |  |  | $ | 1,178 |
Deferred tax liabilities | (3) |  |  | (3) |
Net deferred tax assets | $ | 2,825 |  |  | $ | 1,175 |
Unrecognized tax benefits | As of December 31, 2021, the Company had no unrecognized tax benefits. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows, for the years ended December 31, 2021 and 2020 (in thousands):
| 2021 |  | 2020
Balance as of January 1 | $ | 79 |  |  | $ | 79 |
Additions for tax positions related to the current year | — |  |  | — |
Additions for tax positions of prior years | — |  |  | — |
Reductions of tax positions of prior years | — |  |  | — |
Settlements | (79) |  |  | — |
Balance as of December 31 | $ | — |  |  | $ | 79 |
Tax years subject to examinations | The Company is subject to examination by taxing authorities in the United States and various state and foreign jurisdictions. As of December 31, 2021, the tax years that remained subject to examination by a major tax jurisdiction for the Company’s most significant subsidiaries were as follows:
Jurisdiction | Open Years
Australia | 2013-2020
Japan | 2017-2020
Republic of Korea | 2017-2020
Switzerland | 2017-2020
United States | 2018-2020

X
- Definition Tabular disclosure of deferred tax assets liabilities classified in Consolidated Balance Sheets. + References No definition available. + Details
Name: | mtex_DeferredTaxAssetsLiabilitiesClassifiedInConsolidatedBalanceSheetsTableTextBlock
Namespace Prefix: | mtex_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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, excluding amounts pertaining to examined tax returns. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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_ScheduleOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
Name: | us-gaap_SummaryOfIncomeTaxExaminationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32559-109319 + Details
Name: | us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + 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 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration