Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Pre-Tax Income (Loss)

Pre-tax income (loss) consisted of the following for the years ended December 31:

	2022		2021		2020
Domestic	$	(30,401)	$	9,476	$	(55,907)
Foreign	29,334		22,649		11,407
Total	$	(1,067)	$	32,125	$	(44,500)

Reconciliation of Income Taxes Computed at Statutory Rate

A reconciliation of income taxes computed at the statutory rates to the reported income tax provision for the years ended December 31 follows:

	2022		2021		2020
Federal (benefit) provision at statutory rate	$	(224)	$	6,746	$	(9,345)
U.S./Foreign tax rate differential	2,320		696		492
Foreign non-deductible expenses	(1,084)		515		702
Foreign tax provision	1,734		739		611
State taxes, net of federal benefit	(297)		315		(1,086)
State tax rate change, net of federal benefit	(33)		(432)		—
Change in uncertain tax positions	38		74		71
Change in valuation allowance	14,776		366		2,146
Tax credits	(1,244)		(1,341)		(143)
Share-based compensation	(91)		(857)		(15)
Executive compensation (IRC 162m)	871		1,128		—
Repatriation of foreign earnings	1,245		208		37
GILTI, net of related foreign tax credit	365		39		(1,340)
Pension settlement	3,394		—		—
Other	(866)		197		419
(Benefit) Provision for income taxes	$	20,904	$	8,393	$	(7,451)

Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes for the years ended December 31 follows:

	2022						2021						2020
	Current		Deferred		Total		Current		Deferred		Total		Current		Deferred		Total
Federal	$	(338)	$	16,831	$	16,493	$	46	$	2,377	$	2,423	$	109	$	(10,975)	$	(10,866)
State and local	276		4,039		4,315		152		(439)		(287)		120		(559)		(439)
Foreign	8,486		(8,390)		96		6,126		131		6,257		4,449		(595)		3,854
Total	$	8,424	$	12,480	$	20,904	$	6,324	$	2,069	$	8,393	$	4,678	$	(12,129)	$	(7,451)

Summary of Deferred Income Taxes Assets and Liabilities

A summary of deferred income tax assets and liabilities as of December 31 follows:

	2022		2021
Noncurrent deferred tax assets:
Amortization and fixed assets	$	9,653	$	7,371
Inventories	8,514		3,914
Pension obligations	2,182		2,599
Warranty obligations	242		354
Accrued benefits	465		400
Operating leases	7,595		3,917
Tax credit carryforwards	6,703		7,106
Net operating loss carryforwards	11,809		14,944
Other temporary differences	3,797		5,483
Total noncurrent deferred tax assets	$	50,960	$	46,088
Valuation allowance	(31,090)		(18,371)
Net noncurrent deferred tax assets	$	19,870	$	27,717
Noncurrent deferred tax liabilities:
Amortization and fixed assets	$	(827)	$	(968)
Inventories	127		103
Operating leases	(7,585)		(3,596)
Other temporary differences	(287)		(315)
Total noncurrent tax liabilities	(8,572)		(4,776)
Net noncurrent deferred tax liabilities	$	(8,572)	$	(4,776)
Total net deferred tax asset	$	11,298	$	22,941
Deferred taxes are reflected in the Consolidated Balance Sheet as follows:
Net non-current deferred tax assets	$	12,275	$	24,108
Non-current deferred tax liabilities (included in Other long-term liabilities)	$	(977)	$	(1,167)
Total net deferred tax asset	$	11,298	$	22,941

Summary of Valuation Allowance

Activity for the years ended December 31 is as follows (in thousands):

	2022		2021		2020
Balance - Beginning of the year	$	18,371	$	16,441	$	11,992
Provisions	24,506		2,529		4,511
Utilizations	(11,787)		(599)		(62)
Balance - End of the year	$	31,090	$	18,371	$	16,441

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits (including interest and penalties) at December 31 follows:

	2022		2021		2020
Balance - Beginning of the year	$	1,093	$	1,006	$	908
Gross increase - tax positions in prior periods	426		75		73
Gross decreases - tax positions in prior periods	—		—		—
Lapse of statute of limitations	(389)		—		—
Currency translation adjustment	(41)		12		25
Balance - End of the year	$	1,089	$	1,093	$	1,006