Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of income (loss) before income taxes

(Loss) income before income taxes consists of the following components:

(in thousands)	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017
Domestic	$	(74,979)	$	(32,982)	$	(1,118)
Foreign	(3,674)		4,582		20,101
Total	$	(78,653)	$	(28,400)	$	18,983

Schedule of significant components of income taxes

Significant components of income taxes are as follows:

(in thousands)	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017
Currently payable:
Federal	$	(296)	$	(631)	$	1,323
State and Local	37		$	36	$	32
Foreign	4,747		$	1,281	$	6,581
Total currently payable	4,488		$	686	$	7,936
Deferred:
Federal	(16,572)		(2,404)		(14,801)
State and Local	—		(66)		256
Foreign	(5,059)		3,624		2,030
Total deferred	(21,631)		1,154		(12,515)
(Benefit) provision for income taxes	$	(17,143)	$	1,840	$	(4,579)

Schedule of reconciliation of income tax expense at the U.S. Federal statutory income tax rate to actual income tax provision

A reconciliation of income tax expense at the U.S. Federal statutory income tax rate to actual income tax (benefit) provision is as follows:

(in thousands)	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017
Tax at Statutory Rate	$	(16,517)	$	(5,962)	$	6,654
State income taxes, net of federal tax benefit	40		(54)		166
Effect of Foreign Items	1,004		834		2,101
Goodwill impairment	—		—		—
Valuation Allowance and unbenefited losses	(3,868)		6,018		18,452
U.S. valuation allowance release	—		—		(15,388)
Deferred Tax Rate Changes	281		240		(17,312)
Transaction Costs	671		531		470
Tax Incentives	(56)		(91)		(68)
Disallowed foreign exchange loss	573		—		—
Warrants	—		—		168
Other	729		324		178
(Benefit) provision for income taxes	$	(17,143)	$	1,840	$	(4,579)

Schedule of significant components of the Company's deferred tax assets and liabilities

Significant components of the Company’s deferred tax assets and liabilities at December 31, 2019 and December 31, 2018 are as follows:

(in thousands)	December 31, 2019		December 31, 2018
Deferred tax assets:
Pension and other retiree obligations	91		32
Inventory	438		507
Other accruals and reserves	4,580		2,856
Loss and credit carryforwards	24,348		14,535
Interest expense deduction limitation carryforward	7,767		2,769
Other	(462)		—
Valuation allowance	(17,102)		(16,367)
Deferred tax assets	19,660		4,332
Deferred tax liabilities:
Intangible assets other than goodwill	(23,953)		(22,443)
Property, plant and equipment	(1,964)		(2,582)
Unrealized foreign currency gains	—		(2,155)
Other	—		(52)
Deferred tax liabilities	(25,917)		(27,232)
Net deferred tax assets / (liabilities)	$	(6,257)	$	(22,900)

Summary of unrecognized tax benefits

(in thousands)	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended Year Ended December 31, 2017
Beginning Balance	$	1,879	$	2,884	$	—
Additions of tax positions of the current year	1,725		393		—
Additions to tax positions of the prior years	88		—		2,884
Reductions of tax positions of the prior years	—		(872)		—
Reductions related to prior tax positions due to foreign currency	(862)		(525)		—
Expiration of statutes of limitations	(160)		(1)		—
Ending Balance	$	2,670	$	1,879	$	2,884