INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Taxes

The components of income (loss) before income taxes are as follows (in thousands):

	Years Ended December 31,
	2022		2021		2020
Domestic	$	59,736	$	9,897	$	(33,239)
Foreign	6,165		9,285		(15,074)
Total income before taxes	$	65,901	$	19,182	$	(48,313)

Schedule of Provision for Income Taxes

The provision for income taxes consisted of the following (in thousands):

	Years Ended December 31,
	2022		2021		2020
Current -
Federal	$	18,591	$	(5,243)	$	(6,348)
State	4,501		(522)		(240)
Foreign	2,248		3,056		2,624
Total current	$	25,340	$	(2,709)	$	(3,964)
Deferred -
Federal	(5,875)		5,016		(10,567)
State	(1,083)		1,810		(3,126)
Foreign	(583)		(686)		(1,039)
Total deferred	$	(7,541)	$	6,140	$	(14,732)
Total current and deferred taxes	$	17,799	$	3,431	$	(18,696)

Schedule of Differences Between Income Taxes Computed at Statutory Income Tax Rate and Provision For Income Taxes

The difference between income taxes computed at the statutory income tax rate and the provision for income taxes is as follows (in thousands):

	Years Ended December 31,
	2022		2021		2020
Income taxes computed at federal statutory rate	$	13,839	$	4,028	$	(10,146)
State income taxes, net of federal benefit	2,701		1,017		(2,625)
Foreign taxes	122		186		(493)
Nondeductible expenses	1,158		353		5,617
Enacted rate changes	240		318		670
Research and development tax credit	(250)		(1,036)		(16,879)
Foreign tax credit	—		—		—
Valuation allowance	(1)		1		16
Tax reform deferred tax remeasurement	—		(2,587)		—
Deferred tax liability true up	—		(62)		(551)
Uncertain tax positions	271		871		5,057
Other	(281)		342		638
Total income tax expense (benefit)	$	17,799	$	3,431	$	(18,696)

Deferred tax liabilities and assets were comprised of the following (in thousands):

Schedule of Deferred Tax Liabilities and Assets

	December 31,
	2022		2021
Deferred tax assets:
Allowance for doubtful accounts	$	1,570	$	1,554
Inventory	4,585		4,747
Federal general business credit carryforward	—		4,237
Texas research and development tax credit carryforward	2,329		2,679
Louisiana research and development tax credit carryforward	10		239
Foreign tax credit carryforward	64		64
Charitable Contribution Carryforward	—		531
Net operating loss carryforward	1,201		786
Capital loss carryforward	4		4
Deferred compensation	—		152
Accruals	6,190		7,005
Business interest expense carryforward	—		389
ROU asset	219		226
Research expenses	16,945		—
Other	—		—
Total deferred tax assets	33,117		22,613
Less valuation allowance	(4)		(4)
Total deferred tax asset, net of valuation allowance	33,113		22,609
Deferred tax liabilities:
Goodwill	(18,439)		(13,474)
Intangibles	(9,553)		(6,813)
Property and equipment	(8,542)		(8,117)
Unremitted foreign earnings	(421)		(421)
Method changes	(225)		(465)
Other	(825)		(835)
Net deferred tax liability	$	(4,892)	$	(7,516)

Schedule of Changes in Valuation Allowance for Deferred Tax Assets

The following summarizes changes in the balance of valuation allowances on deferred tax assets (in thousands):

	Years Ended December 31,
	2022		2021		2020
Balance at January 1	$	(4)	$	(12,813)	$	(12,363)
Changes due to federal and foreign capital loss carryforwards	—		12,809		(450)
Balance at December 31	$	(4)	$	(4)	$	(12,813)

Schedule of Tax Carryforwards

Tax carryforwards available for use on future income tax returns, prior to valuation allowance, at December 31, 2022, are as follows (in thousands):

	Domestic		Foreign		Expiration
Net operating loss - foreign	$	—	$	460	2034 - 2041
Net operating loss - federal	742		—		2036 - 2040
Capital loss carryforward - foreign	—		4		Indefinite
Capital loss carryforward - federal	—		—		2021
Foreign tax credits	64		—		2023 - 2025
Federal general business tax credits	—		—		2026 - 2030
Texas research and development tax credits	2,330		—		2037 - 2040
Louisiana research and development tax credits	$	10	$	—	2024 - 2025

Schedule of Changes in Unrecognized Tax Benefits

Changes in the balance of unrecognized tax benefits excluding interest and penalties on uncertain tax positions are as follows (in thousands):

	Assets (Liabilities)
	2022		2021		2020
Balance at January 1,	$	(6,316)	$	(5,057)	$	—
Increases related to prior year tax positions	—		(687)		(5,057)
Decreases related to prior year tax positions	614		—		—
Increases related to current year tax positions	(216)		(572)		—
Balance at December 31,	$	(5,918)	$	(6,316)	$	(5,057)