Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Income before Provision for Income Taxes

(Loss)income before income tax expense (benefit) consists of (in thousands):

	Successor						Predecessor
	Consolidated (as restated)						Combined
	Year Ended December 31, 2020			March 20, 2019 to December 31, 2019				January 1, 2019 to March 19, 2019			Year Ended December 31, 2018
U.S.	$	(12,294	)	$	(19,901	)		$	115		$	2,871
Foreign		(274,869	)		(12,154	)			(24,787	)		11,960
	$	(287,163	)	$	(32,055	)		$	(24,672	)	$	14,831

Schedule of Provision for Income Taxes

The income tax expense (benefit) consists of the following (in thousands):

	Successor						Predecessor
	Consolidated						Combined
	Year Ended December 31, 2020			March 20, 2019 to December 31, 2019				January 1, 2019 to March 19, 2019			Year Ended December 31, 2018
U.S. Federal	$	1,309		$	(340	)		$	(39	)	$	461
U.S. State		51			89				57			159
Foreign		(546	)		131				91			468
		814			(120	)			109			1,088
Current		(761	)	523					118			1,089
Deferred		1,575			(643	)			(9	)		(1	)
	$	814		$	(120	)		$	109		$	1,088

Schedule of Reconciliation of Difference between Expected Income Tax Expense (Benefit)

A reconciliation of the difference between the expected income tax expense (benefit) using the U.S. federal tax rate and our actual provision is as follows (in thousands):

	Successor						Predecessor
	Consolidated (as restated)						Combined
	Year Ended December 31, 2020			March 20, 2019 to December 31, 2019				January 1, 2019 to March 19, 2019			Year Ended December 31, 2018
Provision using statutory
U.S. federal tax rate	$	(60,304	)	$	(6,731	)		$	(5,162	)	$	3,114
Foreign rate differential		16,530			2,378				4,780			(1,730	)
Prior period true up adjustment		(1,798	)		-				-			-
State taxes		178			89				-			126
Change in valuation allowance		5,454			4,093				-			(439	)
Permanent differences		40,865			168				346			141
Uncertain tax position		-			-				-			(68	)
Other		(111	)		(117	)			145			(56	)
Total	$	814		$	(120	)		$	109		$	1,088

Schedule of Reconciliation of Beginning and Ending Amounts of Uncertain Tax Positions Excluding Interest and Penalties

A reconciliation of the beginning and ending amounts of uncertain tax positions, excluding interest and penalties, is as follows (in thousands):

	Year Ended December 31, 2020		March 20, 2019 to December 31, 2019		January 1, 2019 to March 19, 2019			Year Ended December 31, 2018
Beginning balance	$	1,663	$	1,663	$	1,697		$	1,781
Gross (decreases) increases—prior period tax position		-		-		(34	)		(84	)
Ending balance	$	1,663	$	1,663	$	1,663		$	1,697

Schedule of Deferred Income Taxes

Deferred income taxes consist of the following (in thousands):

	As of December 31,
	2020			2019
Deferred income tax assets:
Stock options	$	5,809		$	4,807
Inventory reserves		16			36
Allowance for doubtful accounts		12			8
Depreciation and amortization		2,351			1,274
Other reserves and accruals		430			144
Gift certificates		202			185
Net operating losses		3,833			749
Total deferred income tax assets		12,653			7,203
Less valuation allowance		(11,543	)		(5,157	)
Deferred income tax asset, net	$	1,110		$	2,046
Deferred income tax liability	$	(1,012	)	$	(375	)
Net deferred income tax asset	$	98		$	1,671

Schedule of Foreign Tax Operating Loss Carryforwards Expiring

As of December 31, 2020, we had approximately $15.7 million of foreign tax operating loss carryforwards expiring as follows (in millions):

Expires
2021	$	0.6
2022		0.3
2023		0.5
2024		0.4
2025		1.4
2026		0.3
2027		0.6
2028		0.2
2030		0.3
Indefinite		11.1
Total	$	15.7