INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of income before income tax, domestic and foreign

The components of loss before income taxes and non-controlling interests consist of the following for the years ended December 31:

(in thousands)	2023		2022
Domestic - Luxembourg	$	(56,506)	$	(47,432)
Foreign - U.S.	(453)		912
Foreign - non-U.S.	4,611		(1,047)
Total	$	(52,348)	$	(47,567)

Schedule of income tax provision (benefit)

The income tax provision consists of the following for the years ended December 31:

(in thousands)	2023		2022
Current:
Domestic - Luxembourg	$	—	$	(570)
Foreign - U.S. federal	(1,014)		547
Foreign - U.S. state	(206)		497
Foreign - non-U.S.	(2,449)		(4,642)
	$	(3,669)	$	(4,168)
Deferred:
Domestic - Luxembourg	$	—	$	—
Foreign - U.S. federal	257		(495)
Foreign - U.S. state	(11)		(400)
Foreign - non-U.S.	(291)		(203)
	$	(45)	$	(1,098)
Income tax provision	$	(3,714)	$	(5,266)

Summary of tax effects of the temporary differences

A summary of the tax effects of the temporary differences is as follows for the years ended December 31:

(in thousands)	2023		2022
Non-current deferred tax assets:
Net operating loss carryforwards	$	481,741	$	383,908
U.S. federal and state tax credits	228		282
Other non-U.S. deferred tax assets	12,487		12,775
Share-based compensation	1,420		1,317
Accrued expenses	1,931		1,369
Capital loss carryforward	10,046		10,112
Depreciation	8		144
Non-current deferred tax liabilities:
Intangible assets	(9,122)		(9,082)
Other non-U.S. deferred tax liability	(433)		(420)
Other	(415)		(244)
	497,891		400,161
Valuation allowance	(501,927)		(404,141)
Non-current deferred tax liabilities, net	$	(4,036)	$	(3,980)

Schedule of the reconciliation of income tax provision to the Luxembourg statutory income tax rate

The following table reconciles the Luxembourg statutory tax rate to our effective tax rate for the years ended December 31:

	2023		2022
Statutory tax rate	24.94	%	24.94	%
Change in valuation allowance	(186.89)		(32.14)
State tax expense	(0.33)		(0.01)
Uncertain tax positions	(2.98)		(6.80)
Tax rate differences on foreign earnings	(1.58)		(1.21)
Tax exempt income	0.18		0.19
Provision to return	—		3.45
Loss on treasury shares	160.11		3.91
Other	(0.54)		(3.40)
Effective tax rate	(7.09)	%	(11.07)	%

Summary of income tax contingencies

The following table summarizes changes in unrecognized tax benefits during the years ended December 31:

(in thousands)	2023		2022
Amount of unrecognized tax benefits as of the beginning of the year	$	9,015	$	9,023
Decreases as a result of tax positions taken in a prior period	(65)		(1,595)
Increases as a result of tax positions taken in a prior period	—		11
Increases as a result of tax positions taken in the current period	258		1,576
Amount of unrecognized tax benefits as of the end of the year	$	9,208	$	9,015