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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
For financial reporting purposes, income before taxes includes the following components (in thousands):
Years ended December 31,
202120202019
Domestic$(5,956)$(9,476)$(7,405)
Foreign31,868 27,785 33,845 
$25,912 $18,309 $26,440 
Schedule of Components of Income Tax Expense (Benefit)
The expense (benefit) for income taxes is comprised of (in thousands):
Years ended December 31,
202120202019
Current:
Federal$245 $106 $453 
State and local38 (18)(130)
Foreign8,442 6,268 6,378 
8,725 6,356 6,701 
Deferred:
Federal(2,992)1,718 (2,638)
State and local(588)(422)(123)
Foreign324 (143)205 
(3,256)1,153 (2,556)
Total income tax expense $5,469 $7,509 $4,145 
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of income tax expense (benefit) at the U.S. federal statutory income tax rate to the actual income tax provision is as follows (in thousands):
Years ended December 31,
202120202019
Tax at statutory rate$5,441 $3,845 $5,553 
State income taxes, net of U.S. federal tax benefit(391)(176)(21)
U.S. GILTI tax, net of foreign tax credits77 — — 
Effect of foreign operations2,096 729 (109)
Change in valuation allowance(1,204)2,448 (646)
Change in unrecognized tax benefits, net107 (32)650 
Impairment of goodwill237 507 — 
Specialty tax credits(333)(249)(176)
Statutory rate changes(282)(119)(249)
Effect of foreign exchange(35)(346)(1,152)
Loss of benefit of U.S. net operating loss— 1,064 967 
Excess tax benefits related to share based compensation— (168)(357)
Other(244)6 (315)
Total income tax expense $5,469 $7,509 $4,145 
Schedule of Deferred Tax Assets and Liabilities
Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):
December 31,
20212020
Deferred tax assets:
Pension and other postretirement costs$3,580 $4,296 
Inventories2,659 2,327 
Net operating/capital loss and interest carryforwards13,562 13,082 
Tax credit carryforwards3,026 1,994 
Deferred compensation3,267 2,930 
Other accruals and reserves4,425 3,420 
Book over tax depreciation93 
Total gross deferred tax assets30,519 28,142 
Less: valuation allowance(16,486)(16,946)
14,033 11,196 
Deferred tax liabilities:
Tax over book depreciation(780)— 
Investment in subsidiary(1,958)(1,927)
Intangible assets, including tax deductible goodwill(11,106)(5,657)
Total gross deferred tax liabilities(13,844)(7,584)
Net deferred tax assets$189 $3,612 
Summary of Valuation Allowance
Significant valuation allowances are as follows (in thousands):
December 31,
Jurisdiction20212020
U.S. federal$4,233 $5,816 
U.S. state (net of U.S. federal tax benefit)9,648 9,090 
Israel - capital losses1,537 1,390 
Summary of Operating Loss Carryforwards
The following table summarizes significant net operating losses and credit carryforwards as of December 31, 2021 (in thousands):
December 31,
Jurisdiction2021Expiring
U.S. federal net operating losses$5,097 No expiration
U.S. federal interest expense carryover4,169 No expiration
U.S. foreign tax credit2,336 2024 - 2031
U.S. state net operating losses110,725 2023 - 2041
Israel capital losses6,681 No expiration
Summary of Income Tax Contingencies
The following table summarizes changes in the Company's gross liabilities, excluding interest and penalties, associated with unrecognized tax benefits (in thousands):
December 31,
202120202019
Balance at beginning of year$1,244 $1,355 $912 
Addition based on tax positions related to current year52 51 144 
Addition based on tax positions related to prior years— — 668 
Reduction based on tax positions related to prior years— (57)(32)
Currency translation adjustments41 92 3 
Reduction for settled tax examinations— (73)— 
Reduction for payments made— (22)(134)
Reduction for lapses of statute of limitations(55)(102)(206)
Balance at end of year$1,282 $1,244 $1,355