Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of income (loss) before income taxes

Loss before income taxes consists of the following components:

	Year Ended December 31,
(in thousands)	2021	2020	2019
Domestic	$1,270	($26,460)	($72,293)
Foreign	(4,774)	4,870	(6,360)
Total	($3,504)	($21,590)	($78,653)

Schedule of significant components of income taxes

Significant components of income taxes are as follows:

	Year Ended December 31,
(in thousands)	2021	2020	2019
Currently payable:
Federal	$1,090	$377	($296)
State and local	26	4	37
Foreign	2,989	1,744	4,747
Total currently payable	4,105	2,125	4,488
Deferred:
Federal	(1,629)	27,705	(23,358)
State and local	(195)	305	(571)
Foreign	297	1,241	(5,059)
Total deferred	(1,527)	29,251	(28,988)
Provision (benefit) for income taxes	$2,578	$31,376	($24,500)

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 provision (benefit) is as follows:

	Year Ended December 31,
(in thousands)	2021	2020	2019
Tax at statutory rate	($736)	($4,534)	($16,517)
State income taxes, net of federal tax benefit	(128)	364	(531)
Effect of foreign items	88	1,502	1,004
Valuation allowance and unbenefited losses	4,280	33,478	(10,654)
Deferred tax rate changes	(755)	71	281
Transaction costs	(1,070)	(131)	671
Tax incentives	(226)	(311)	(56)
Disallowed foreign exchange loss	228	1,746	573
Goodwill impairment	1,340	—	—
Other	(443)	(809)	729
Provision (benefit) for income taxes	$2,578	$31,376	($24,500)

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, 2021 and December 31, 2020 are as follows:

	December 31,
(in thousands)	2021	2020
Deferred tax assets:
Pension and other retiree obligations	$265	$323
Inventory	—	482
Other accruals and reserves	6,132	5,020
Loss and credit carryforwards	43,737	39,172
Interest expense deduction limitation carryforward	8,975	8,147
Investments	2,075	2,137
Right-of-use asset	1,574	1,410
Other	3,527	2,326
Valuation allowance	(61,677)	(55,996)
Deferred tax assets	4,608	3,021
Deferred tax liabilities:
Inventory	(432)	—
Intangible assets other than goodwill	(24,508)	(24,404)
Property, plant and equipment	(376)	(1,315)
Unrealized foreign currency gains	(5,236)	(3,862)
Lease liability	(1,497)	(1,575)
Deferred tax liabilities	(32,049)	(31,156)
Net deferred tax (liabilities) assets	($27,441)	($28,135)

Summary of unrecognized tax benefits

Year ended December 31,
(in thousands)	2021	2020	2019
Beginning Balance	$859	$2,670	$1,879
Additions of tax positions of the current year	—	—	1,725
Additions to tax positions of the prior years	166	209	88
Reductions of tax positions of the prior years	(52)	(1,236)	—
Reductions related to prior tax positions due to foreign currency	(90)	(633)	(862)
Expiration of statutes of limitations	—	(151)	(160)
Ending Balance	$883	$859	$2,670