INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Provision (Benefit) for Income Taxes

The provision for (benefit from) income taxes at December 31 consists of the following:

(In thousands)	2021		2020		2019
Current
U.S. Federal	$	(1,713)	$	(8,679)	$	23,798
State	(667)		(4,539)		4,471
Foreign	1,439		1,036		2,402
Current	(941)		(12,182)		30,671
Deferred
U.S. Federal	(237)		17,044		(16,250)
State	(87)		(92)		727
Foreign	(117)		(1,399)		1,138
Deferred	(441)		15,553		(14,385)
Total	$	(1,382)	$	3,371	$	16,286

Effective Tax Rates Differ From Statutory Federal Income Tax Rate

The effective tax rates differ from the statutory federal income tax rate as follows:

	2021		2020		2019
Statutory Federal Income Tax Rate	21.0	%	21.0	%	21.0	%
Permanent Items
Stock Compensation Expense	(2.1)	%	(0.3)	%	(0.5)	%
Non Deductible Goodwill Impairment	—	%	(10.2)	%	—	%
Contingent Consideration Liability Fair Value Adjustment	1.7	%	—	%	—	%
Other	(0.7)	%	—	%	0.5	%
Foreign Tax Rate Differential	(2.7)	%	(1.0)	%	1.4	%
State Income Tax, Net of Federal Income Tax Effect	2.2	%	3.3	%	6.0	%
Research and Development Tax Credits	12.8	%	2.2	%	(4.6)	%
Change in Valuation Allowance	(29.8)	%	(19.2)	%	1.1	%
Net GILTI and FDII Tax Benefit	—	%	—	%	(1.2)	%
Foreign Tax Credit for Dividend Withholding	1.7	%	—	%	—	%
Tax Rate Change on 2020 Federal Net Operating Loss Carryback	0.9	%	1.3	%	—	%
Other	0.1	%	(0.1)	%	0.1	%
Effective Tax Rate	5.1	%	(3.0)	%	23.8	%

Significant Components of Company's Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities at December 31, are as follows:

(In thousands)	2021		2020
Deferred Tax Assets:
Asset Reserves	$	17,462	$	18,189
Deferred Compensation	7,424		7,564
Section 163(j) - Interest Expense Limitation	891		—
State Investment and Research and Development Tax Credit Carryforwards, Net of Federal Tax	4,674		866
Customer Advanced Payments and Deferred Revenue	1,301		2,216
Net Operating Loss Carryforwards and Other	15,617		11,244
Goodwill and Intangible Assets	1,082		2,069
ASC 606 Revenue Recognition	1,817		2,311
Lease Liabilities	4,178		5,545
Other	5,540		2,300
Total Gross Deferred Tax Assets	59,986		52,304
Valuation Allowance for Federal and State Deferred Tax Assets and Tax Credit Carryforwards, Net of Federal Tax	(43,519)		(37,168)
Deferred Tax Assets	16,467		15,136
Deferred Tax Liabilities:
Depreciation	9,393		10,166
ASC 606 Revenue Recognition - Section 481(a) Adjustment	1,030		928
Lease Assets	3,539		4,506
Earnout Income Accrual	2,603		—
Other	1,050		1,186
Deferred Tax Liabilities	17,615		16,786
Net Deferred Tax Liabilities	$	(1,148)	$	(1,650)

Components of Net Deferred Tax Assets and Liabilities

The net deferred tax assets and liabilities presented in the Consolidated Balance Sheets are as follows at December 31:

(In thousands)	2021		2020
Other Assets — Long-term	$	273	$	1,259
Deferred Tax Liabilities — Long-term	(1,421)		(2,909)
Net Deferred Tax Liabilities	$	(1,148)	$	(1,650)

Reconciliation of Total Amounts of Unrecognized Tax Benefits Excluding Interest and Penalties

A reconciliation of the total amounts of unrecognized tax benefits, excluding interest and penalties that, if recognized, would impact the effective tax rate, is as follows:

(in thousands)	2021		2020		2019
Balance at Beginning of the Year	$	1,890	$	2,565	$	2,197
Decreases as a Result of Tax Positions Taken in Prior Years	(478)		(775)		—
Increases as a Result of Tax Positions Taken in the Current Year	—		100		368
Balance at End of the Year	$	1,412	$	1,890	$	2,565