XML 118 R105.htm IDEA: XBRL DOCUMENT v3.22.4
Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Deferred tax assets    
Loss carryforwards $ 405,674 [1] $ 412,023
Tax credits 44,790 [2] 39,767
Accrued expenses 18,774 39,511
Pension plan benefits expense 7,037 17,140
Warranty reserves 8,535 9,302
Depreciation and amortization 72,505 94,917
Equity compensation 7,061 6,126
Inventory valuation 5,356 2,593
Deferred revenue 13,346 11,534
Interest 11,721 17,971
Leases 9,543 9,460
Capitalized research costs 74,058 29,246
Other deferred tax assets, net 7,986 9,062
Total deferred tax assets 686,386 698,652
Valuation allowance (427,423) [1] (443,593)
Total deferred tax assets, net of valuation allowance 258,963 255,059
Deferred tax liabilities    
Depreciation and amortization (34,909) (56,897)
Leases (8,274) (8,489)
Other deferred tax liabilities, net (4,631) (10,201)
Total deferred tax liabilities (47,814) (75,587)
Net deferred tax assets 211,149 $ 179,472
Deferred tax assets, tax credit carryforwards, general business [2] 47,100  
Deferred tax assets, tax credit carryforwards, other [2] 41,900  
U.S. federal    
Deferred tax liabilities    
Loss carryforwards by Jurisdiction [1] 4,200  
LUXEMBOURG    
Deferred tax liabilities    
Loss carryforwards by Jurisdiction [1] $ 1,300,000  
[1] For tax return purposes at December 31, 2022, we had U.S. federal loss carryforwards of $4.2 million, which begin to expire in the year 2023. At December 31, 2022, we have net operating loss carryforwards in Luxembourg of $1.3 billion, the majority of which can be carried forward indefinitely, offset by a full valuation allowance. The remaining portion of the loss carryforwards are composed primarily of losses in various other state and foreign jurisdictions. The majority of these losses can be carried forward indefinitely. At December 31, 2022, there was a valuation allowance of $427.4 million primarily associated with foreign loss carryforwards.
[2] For tax return purposes at December 31, 2022, we had: U.S. general business credits of $47.1 million, which begin to expire in 2037; and state tax credits of $41.9 million, which begin to expire in 2023.