Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Loss from Continuing Operations Before Benefit for Income Taxes

The following table summarizes the loss from continuing operations before benefit (provision) for income taxes and share of net income from joint venture.


	Years Ended December 31,
	2021		2020		2019
United States	$	(35,325)	$	(146,963)	$	(31,760)
Foreign	12,883		(5,125)		(365)
Loss from continuing operations before benefit (provision) for income taxes and share of net income from joint venture	$	(22,442)	$	(152,088)	$	(32,125)

Income Tax Expense (Benefit)

The following table summarizes total income tax expense (benefit) recognized in each year.


	Years Ended December 31,
	2021		2020		2019
Current taxes:
U.S. Federal	$	(19)	$	(299)	$	(5,948)
State	(615)		4,599		1,656
Foreign	3,014		2,250		2,247
Total current tax expense (benefit)	2,380		6,550		(2,045)
Deferred taxes:
U.S. Federal	$	(8,421)	$	(10,368)	$	(1,430)
State	(1,099)		(5,368)		3,850
Foreign	(154)		(1,852)		522
U.S. federal and foreign valuation allowance	5,538		2,066		(592)
Total deferred tax expense (benefit)	(4,136)		(15,522)		2,350
Total income tax expense (benefit)	$	(1,756)	$	(8,972)	$	305

Reconciliation of Income Taxes Based on U.S. Federal Statutory Rate

The following table presents a reconciliation of income taxes based on the U.S. federal statutory income tax rate.


	Years Ended December 31,
	2021		2020		2019
U.S federal statutory income tax rate	21.0	%	21.0	%	21.0	%
Change in valuation allowance, exclusive of state	(20.0)	%	(1.3)	%	1.8	%

State taxes, net of federal taxes, exclusive of tax reform	4.5	%	0.2	%	(13.6)	%
Non-U.S. earnings taxed at different rates	3.0	%	1.4	%	3.0	%

GILTI	(6.0)	%	(0.1)	%	—	%
Goodwill impairment	—	%	(12.7)	%	—	%
Nondeductible asset loss	—	%	—	%	(2.2)	%

Research and development tax credit	2.3	%	0.4	%	2.2	%
Change in uncertain tax positions	0.7	%	2.2	%	4.3	%




Impact of 2019 Treasury regulations	—	%	—	%	(18.4)	%

CARES Act	—	%	2.7	%	—	%


Return to provision	0.8	%	(0.5)	%	(0.2)	%

Taxes on unremitted foreign earnings	2.0	%	(3.9)	%	(2.2)	%
Restructuring gain	—	%	(2.6)	%	—	%


Intercompany lending	(5.3)	%	—	%	—	%
Warrant revaluation	6.5	%	—	%	—	%
Other adjustments, net	(1.7)	%	(0.9)	%	3.3	%
Effective tax rate	7.8	%	5.9	%	(1.0)	%

Principal Components of Deferred Tax Assets and Liabilities

The following table summarizes the principal components of the deferred tax assets and liabilities.


	As of December 31,
	2021		2020
Deferred income tax liabilities:
Tax in excess of book depreciation	$	25,732	$	27,459

Intangible assets	20,812		23,695


Operating leases	10,473		11,149
Interest rate swap	37		—
Taxes on unremitted foreign earnings	5,630		6,601
Other deferred tax liabilities	1,007		533
Total deferred income tax liabilities	63,691		69,437
Deferred income tax assets:
Interest expense limitation	7,141		3,811
Goodwill	24,262		25,653
Inventories	3,368		3,224
Interest rate swap	—		3,611
Pension and personnel accruals	2,422		2,909
Operating leases	12,834		13,209
Net operating loss carryforwards	23,629		18,659
Unrealized losses	2,143		1,529

Credit carryforwards	3,044		3,574
Accruals and reserves	1,435		2,399
Other deferred tax assets	2,080		1,362
Deferred income tax assets before valuation allowance	82,358		79,940
Valuation allowance on deferred tax assets	(25,809)		(21,681)
Total deferred income tax assets	56,549		58,259
Net deferred income tax liabilities	$	7,142	$	11,178

Summary of Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits, Excluding Interest and Penalties

The following table presents a reconciliation of the beginning and ending amounts of unrecognized tax benefits, excluding interest and penalties.


	Years Ended December 31,
	2021		2020		2019
Balance at beginning of year	$	247	$	2,589	$	4,609
Additions for tax positions of prior years	—		121		—
Settlements for tax positions of prior years	—		—		(275)
Reductions for tax positions of prior years	(122)		(2,463)		(1,745)
Balance at end of year	$	125	$	247	$	2,589