Note 15 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Years ended December 31,
	2023			2022			2021
(Loss) income before income taxes
Domestic	$	(86,061	)	$	(19,080	)	$	(2,529	)
Foreign		734			334			4,956
	$	(85,327	)	$	(18,746	)	$	2,427

	Years ended December 31,
	2023			2022			2021
Provision for (benefit from) income taxes:
Current:
Federal	$	3,153		$	1,005		$	494
State		309			285			(635	)
Foreign		312			96			167
Total current		3,774			1,386			26
Deferred:
Federal		(5,045	)		(3,243	)		(553	)
State		(1,418	)		(1,256	)		(426	)
Foreign		29			(774	)		(754	)
Total deferred		(6,434	)		(5,273	)		(1,733	)
Total benefit from income taxes	$	(2,660	)	$	(3,887	)	$	(1,707	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	December 31,
	2023			2022
Deferred tax assets:
Capitalized research expenditures	$	11,266		$	5,451
Lease liability		7,082			7,468
Acquisition-related intangible asset		5,040			-
Stock-based compensation expense		3,881			2,795
Inventory reserves		3,552			2,763
Compensation accrual		1,685			1,635
Net operating loss carry forwards		1,161			1,551
Accrued expenses		947			519
Tax credits		515			741
Foreign currency exchange		121			221
Gross deferred tax assets		35,250			23,144
Less: Valuation allowance		(18,062	)		-
Deferred tax assets	$	17,188		$	23,144

	December 31,
	2023			2022
Deferred tax liabilities:
Acquisition-related intangible asset	$	(288	)	$	(12,075	)
Depreciation		(8,567	)		(8,804	)
Right of use asset		(6,844	)		(7,252	)
Deferred tax liabilities	$	(15,699	)	$	(28,131	)
Net deferred tax liabilities	$	1,489		$	(4,987	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Years ended December 31,
	2023			2022			2021
Statutory federal income tax rate		21.0	%		21.0	%		21.0	%
State tax expense, net of federal benefit		3.2	%		1.4	%		(3.2	%)
Stock compensation		(0.5	%)		(4.7	%)		22.3	%
Section 162(m) limitation		(1.0	%)		(8.2	%)		8.7	%
Change in fair value of contingent consideration		-	%		-	%		(36.7	%)
Change in tax rates and state apportionment		-	%		1.2	%		(29.8	%)
Federal, state and foreign tax credits		1.3	%		5.1	%		(28.4	%)
Valuation allowance		(21.2	%)		-	%		(35.3	%)
Return to provision adjustments		0.2	%		5.0	%		-	%
Other permanent items		0.1	%		(0.1	%)		11.0	%
Effective income tax rate		3.1	%		20.7	%		(70.4	%)