Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

For the years ended December 31, 2022, 2021 and 2020, income (loss) before income taxes is broken out between U.S. and foreign-sourced operations and consisted of the following (in thousands):

	2022		2021		2020
Domestic	$	77,562	$	21,328	$	(32,216)
Foreign		5,067		32,589		18,985
Total	$	82,629	$	53,917	$	(13,231)

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes for the years ended December 31, 2022, 2021 and 2020, consisted of the following (in thousands):

	2022		2021		2020
Current expense (benefit):
Federal	$	9,584	$	808	$	(937)
State		3,162		806		437
Foreign		10,291		8,480		8,407
Total current expense		23,037		10,094		7,907
Deferred expense (benefit):
Federal		(10,438)		(468)		(2,688)
State		(3,615)		(1,845)		(4,524)
Foreign		(871)		(2,318)		(4,083)
Total deferred benefit		(14,924)		(4,631)		(11,295)
Total income tax expense (benefit)	$	8,113	$	5,463	$	(3,388)

Schedule of Effective Income Tax Rate Reconciliation

The difference between the income tax expense (benefit) reported and amounts computed by applying the statutory federal rate of 21.0% to pretax income (loss) for the years ended December 31, 2022, 2021 and 2020, consisted of the following (in thousands):

	2022		2021		2020
Computed federal income tax expense (benefit) at applicable statutory rate of 21%	$	17,352	$	11,323	$	(2,778)
State income tax benefit		35		(283)		(1,448)
Tax credits		(1,978)		(2,507)		(2,391)
Tax effect of international items		(10,698)		(281)		4,705
Uncertain tax positions		(47)		401		(455)
Deferred compensation insurance assets		706		(413)		(290)
Stock-based compensation		(3,423)		(5,571)		(1,822)
Valuation allowance		3,523		—		1,257
DOJ settlement		—		—		1,890
Remeasurement of state deferred taxes		(375)		(526)		(1,765)
Non-deductible expenses		2,027		2,455		1,077
Remeasurement of contingent consideration liabilities		1,061		733		(1,185)
Other — including the effect of graduated rates		(70)		132		(183)
Total income tax expense (benefit)	$	8,113	$	5,463	$	(3,388)

Schedule of Deferred Tax Assets and Liabilities

Deferred income tax assets and liabilities at December 31, 2022 and 2021, consisted of the following temporary differences and carry-forward items (in thousands):

	2022		2021
Deferred income tax assets:
Allowance for credit losses on trade receivables	$	1,925	$	1,494
Accrued compensation expense		9,968		11,063
Inventory differences		5,712		4,887
Net operating loss carryforwards		11,117		14,833
Stock-based compensation expense		7,167		6,388
Operating lease assets		12,801		13,431
Federal R&D tax credit		634		5,003
UT R&D Credit		4,679		4,126
IRC section 174 capitalized R&D		15,012		—
Other		8,827		9,939
Total deferred income tax assets		77,842		71,164
Deferred income tax liabilities:
Prepaid expenses		(1,568)		(1,047)
Property and equipment		(20,925)		(20,797)
Intangible assets		(38,547)		(42,888)
Foreign withholding tax		(1,571)		(5,575)
Operating lease liabilities		(11,527)		(11,938)
Other		(2,040)		(3,556)
Total deferred income tax liabilities		(76,178)		(85,801)
Valuation allowance		(13,527)		(10,786)
Net deferred income tax liabilities	$	(11,863)	$	(25,423)
Reported as:
Deferred income tax assets	$	6,599	$	6,080
Deferred income tax liabilities		(18,462)		(31,503)
Net deferred income tax liabilities	$	(11,863)	$	(25,423)

Summary of Income Tax Contingencies

A reconciliation of the beginning and ending amount of liabilities associated with uncertain tax benefits for the years ended December 31, 2022, 2021 and 2020, consisted of the following (in thousands):

	2022		2021		2020
Unrecognized tax benefits, opening balance	$	1,635	$	1,674	$	2,161
Gross increases (decreases) in tax positions taken in a prior year		(10)		82		115
Gross increases in tax positions taken in the current year		294		316		283
Lapse of applicable statute of limitations		(343)		(437)		(885)
Unrecognized tax benefits, ending balance	$	1,576	$	1,635	$	1,674