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INCOME TAX PROVISION (Tables)
 12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Income before income taxes
Income before income taxes was comprised of the following for the years ended December 31:
(in thousands)202220212020
U.S.$51,640 $62,361 $7,130 
Foreign32,738 31,442 19,673 
Income before income taxes$84,378 $93,803 $26,803 
Components of income tax provision
The components of the income tax provision were as follows for the years ended December 31:
(in thousands)202220212020
Current tax provision:
Federal$27,789 $(61)$17,643 
State8,507 2,389 4,502 
Foreign11,081 10,945 4,779 
Total current tax provision47,377 13,273 26,924 
Deferred tax provision:
Federal(21,368)15,889 (4,480)
State(5,710)1,958 (1,232)
Foreign(1,451)(89)256 
Total deferred tax provision(28,529)17,758 (5,456)
Income tax provision$18,848 $31,031 $21,468 
Effective tax rate reconciliation
The effective tax rate on pretax income reconciles to the U.S. federal statutory tax rate for the years ended December 31 as follows:
202220212020
Income tax at federal statutory rate21.0 %21.0 %21.0 %
Goodwill impairment charges (Note 8)— — 46.8 %
Change in valuation allowances7.2 %0.1 %0.9 %
Tax impact of share-based compensation3.2 %0.9 %8.5 %
State income tax expense, net of federal income tax benefit2.7 %2.4 %2.1 %
Tax on repatriation of foreign earnings2.2 %4.9 %— 
Non-deductible executive compensation2.2 %1.7 %2.2 %
Foreign tax rate differences1.9 %1.7 %4.3 %
Change in unrecognized tax benefits, including interest and penalties0.2 %(0.6 %)(3.3 %)
Non-deductible acquisition costs0.1 %1.5 %— 
Sale of business (Note 6)(15.8 %)— — 
Return to provision adjustments(1.9 %)— (2.6 %)
Research and development tax credit(1.2 %)(0.9 %)(3.7 %)
Payables and receivables for prior year tax returns(0.3 %)0.2 %3.2 %
Non-taxable income from employee life insurance policies(0.3 %)(0.3 %)(1.1 %)
Other1.1 %0.5 %1.8 %
Effective tax rate22.3 %33.1 %80.1 %
Rollforward of unrecognized tax benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding accrued interest and penalties and the federal benefit of deductible state income tax, was as follows:
(in thousands)202220212020
Balance, beginning of year$2,551 $3,361 $4,169 
Additions for tax positions of current year250 169 237 
Additions for tax positions of prior years270 8 30 
Reductions for tax positions of prior years(45)(673)(414)
Lapse of statutes of limitations(391)(314)(661)
Balance, end of year$2,635 $2,551 $3,361 
Deferred tax assets and liabilities
Tax-effected temporary differences that gave rise to deferred tax assets and liabilities as of December 31 were as follows:
20222021
(in thousands)Deferred tax assetsDeferred tax liabilitiesDeferred tax assetsDeferred tax liabilities
Goodwill$— $30,848 $— $21,190 
Intangible assets— 16,901 — 37,170 
Cloud computing arrangements— 13,969 — 16,646 
Employee benefit plans— 11,009 — 10,093 
Revenue recognition— 7,312 — 5,496 
Prepaid assets— 5,474 — 4,844 
Operating leases16,681 12,387 18,388 14,996 
Net operating loss, tax credit and capital loss carryforwards
16,720 — 8,083 — 
Deductible interest carryforward16,403 — 8,352 — 
Reserves and accruals6,935 — 7,320 — 
Payroll tax deferral under the CARES Act— — 2,175 — 
Property, plant and equipment3,139 — 1,347 — 
Inventories2,018 — 1,661 — 
All other2,946 2,500 3,780 2,619 
Total deferred taxes64,842 100,400 51,106 113,054 
Valuation allowances(7,996)— (10,993)— 
Net deferred taxes$56,846 $100,400 $40,113 $113,054 
Rollforward of deferred income tax valuation allowances Changes in our valuation allowances for the years ended December 31 were as follows:
(in thousands)202220212020
Balance, beginning of year$(10,993)$(11,453)$(10,349)
Expense from change in allowances(6,086)(65)(244)
Sale of business (Note 6)8,745 — — 
Foreign currency translation338 525 (860)
Balance, end of year$(7,996)$(10,993)$(11,453)