Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of components of income tax (benefit) expenses

Components of the income tax (benefit) expense are as follows (in thousands):

	Years ended December 31,
	2020		2019
Current:
Federal	$	(6,115)	$	(22,923)
State	144		(2,295)
Foreign	(21)		(238)
Total current	(5,992)		(25,456)
Deferred:
Federal	(116)		24,373
State	(71)		1,345
Foreign	—		—
Total deferred	(187)		25,718
Income tax (benefit) expense	$	(6,179)	$	262

Schedule of domestic and foreign net loss before taxes

The components of loss before income taxes are as follows (in thousands):

	Years ended December 31,
	2020		2019
United States	$	(141,864)	$	(75,633)
Foreign	(765)		(178)
Loss before income taxes	$	(142,629)	$	(75,811)

Schedule of effective income tax rate reconciliation

A reconciliation of the U.S. federal statutory tax rate to the effective income tax rate is as follows:

	Years ended December 31,
	2020		2019
Federal statutory tax rate	21.0	%	21.0	%
State income taxes, net of federal benefit	2.1		0.6
Non-U.S. income taxed at different rates	0.2		0.5
Increase in valuation allowance	(20.3)		(20.5)
Reduction in tax benefit related to stock-based awards	(0.2)		(0.1)
Effect of tax rate differences of NOL carryback	1.5		—
Research and development credit	—		0.2
Other	—		(2.0)
Effective income tax rate	4.3	%	(0.3)	%

Schedule of deferred tax assets and liabilities

The components of deferred tax assets and liabilities are as follows (in thousands):

	December 31,
	2020		2019
Deferred tax assets:
Net operating loss carryforwards	$	23,589	$	17,248
Allowance for doubtful accounts	1,134		1,037
Inventory valuation reserves	2,093		629
Equity compensation	435		353
Goodwill	4,087		965
Accrued compensation	657		587
Foreign tax credit carryforward	3,802		3,894
Accrued liabilities	2,076		3,530
Lease liability	1,945		3,992
Property and equipment	3,640		—
Intangible assets	6,026		—
Other	353		96
Total gross deferred tax assets	49,837		32,331
Valuation allowance	(48,671)		(20,341)
Total deferred tax assets, net	1,166		11,990
Deferred tax liabilities:
Property and equipment	—		(3,696)
Intangible assets	—		(4,134)
ROU asset	(686)		(3,793)
Prepaid insurance and other	(257)		(331)
Total gross deferred tax liabilities	(943)		(11,954)
Net deferred tax assets	$	223	$	36