Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

Components of the provision for income taxes are as follows (in thousands):

	2021		2020		2019
Current:
Federal	$	(388)	$	(8,378)	$	—
Foreign	4,979		2,660		685
State and local	24		5		20
	4,615		(5,713)		705
Deferred:
Federal	(208)		955		738
Foreign	(167)		1,098		(1,824)
State and local	8		42		26
	(367)		2,095		(1,060)
Provision (benefit) for income taxes	$	4,248	$	(3,618)	$	(355)

Reconciliation of Income Tax Provision

A reconciliation of the income tax provision based on the federal statutory income tax rate to the Company's income tax provision for the years ended December 31 is as follows (in thousands):

	2021		2020		2019
Provision at United States federal statutory rate	$	1,870	$	954	$	(3,274)
Valuation allowance	1,975		(2,074)		3,267
Net operating loss carryback at 34% tax rate	(137)		(3,205)		—
Effect of foreign taxes	996		790		(209)
State and local tax expense	(237)		(372)		(102)
Other	(219)		289		(37)
Provision (benefit) for income taxes	$	4,248	$	(3,618)	$	(355)

Schedule of Deferred Tax Assets

Deferred tax assets consist of the following at December 31:

	2021		2020
Net operating loss carryforwards	$	2,439	$	535
Interest limitation carryforwards	1,321		1,033
Accrued liabilities	704		391
Accounts receivable	45		40
Inventory	137		322
Property, plant, and equipment	(5,216)		(5,509)
Post retirement benefits	2,107		2,068
Goodwill and finite-lived assets, net	2,146		2,210
Other, net	6		156
Total deferred tax asset	3,689		1,246
Valuation allowance for deferred tax assets	(3,168)		(1,193)
Total deferred tax asset, net	$	521	$	53