INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Loss before tax was as follows:

Significant components of income tax benefit consist of the following:


	Years ended December 31,
	2023		2022
Current:
Federal	$	—	$	—
State	167		100
Foreign	(382)		2,767
Total current expense	(215)		2,867

Deferred:
Federal	111		(8,689)
State	—		(2,980)
Foreign	(109)		2,359
Total deferred expense (benefit)	2		(9,310)
Total income tax benefit	$	(213)	$	(6,443)

The reconciliation of income tax computed at the U.S. federal statutory tax rates of 21% to income tax benefit consists of the following:


	Years ended December 31,
	2023		2022
Effective rate reconciliation
U.S. federal tax benefit at statutory rate	$	(13,656)	$	(61,290)
State income taxes, net	132		422
Permanent items	120		3,785
Goodwill impairment	—		23,170
Foreign rate differential	(3,988)		(443)
162(m) officers compensation	17		1,010
Share-based compensation	680		26
Deferred adjustments	1,035		770
Other, net	(1,320)		2,410
Valuation allowance	16,767		23,697
Total income tax benefit	$	(213)	$	(6,443)

Deferred income tax assets and liabilities consist of the following:


	December 31,
	2023		2022
Deferred tax assets
Lease liabilities	$	16,646	$	17,079
Accrued expenses	2,022		1,453
Share-based compensation	177		865
Intangible assets	1,422		2,110
Net operating loss	38,729		31,425
Inventories	5,437		6,346
Interest expense	9,466		4,183
Other	1,543		1,130
Deferred tax assets	75,442		64,591
Valuation allowance	(55,742)		(39,293)
Total deferred tax assets	19,700		25,298

Deferred tax liabilities
Property, plant and equipment	(8,618)		(10,216)
Operating lease right-of-use assets	(14,063)		(17,767)
Other	(37)		—
Total deferred tax liabilities	(22,718)		(27,983)
Net deferred tax liability	$	(3,018)	$	(2,685)

Other long-term assets - deferred tax assets	$	214	$	—
Long-term deferred tax liabilities	(3,232)		(2,685)
Net deferred tax liability	$	(3,018)	$	(2,685)