Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The geographical breakdown of the Company’s income (loss) before provision for (benefit from) income taxes is as follows (in thousands):

	2024		2023		2022
Domestic	$	(12,778)	$	(16,899)	$	(1,347)
International	7,078		1,190		2,607
(Loss) income before income taxes	$	(5,700)	$	(15,709)	$	1,260

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense attributable to income from continuing operations consists of (in thousands):

	2024		2023		2022
Current provisions for income taxes:
Federal	$	2,237	$	4,142	$	7,280
State	139		798		1,339
Foreign	830		1,528		1,442
Total current	$	3,206	$	6,468	$	10,061
Deferred tax expense (benefit):
Federal	$	(2,551)	$	(8,777)	$	(9,164)
State	(651)		(1,170)		(1,910)
Foreign	316		(82)		(211)
Total deferred tax expense (benefit)	$	(2,886)	$	(10,029)	$	(11,285)
Total provision for (benefit from) income taxes	$	320	$	(3,561)	$	(1,224)

Schedule of Effective Income Tax Rate Reconciliation

The following table presents a reconciliation of the federal statutory rate to the Company’s effective tax rate:

	2024		2023		2022
U.S. federal tax benefit at statutory rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit	9.0		3.4		(60.0)
Foreign income taxed at different rates	10.0		(0.9)		(37.9)
Foreign-derived intangible income deduction	(5.2)		9.1		(39.2)
Research and development credits	14.4		12.9		(146.4)
Tax impact of foreign earnings and losses	(2.0)		(1.4)		89.4
Subpart F	1.8		(5.3)		67.2
Stock-based compensation	(44.4)		(12.2)		7.1
Other permanent adjustments	(2.2)		(0.8)		1.9
Prior year true up due to tax rate change	—		1.6		(47.1)
Change in valuation allowance, net	(9.3)		(6.5)		60.6
162M compensation	(2.7)		(0.7)		4.4
Foreign tax credit	4.2		2.1		(19.6)
Other	—		0.4		1.5
Effective tax rate	(5.4)	%	22.7	%	(97.1)	%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences and carryforwards that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2024 and 2023 are presented below (in thousands):

	2024		2023
Deferred tax assets
Net operating loss carryforwards	$	1,610	$	1,414
Foreign tax credit carryforward	1,190		854
Research and development credit carryforward	2,201		1,647
Stock based compensation	4,473		3,171
Legal settlement	2,461		4,458
Deferred revenue	6,460		6,061
Research and development capitalization	13,287		10,135
Inventory reserve	1,736		1,760
Accrued bonus	1,477		1,292
Lease liability	2,362		2,631
Other accruals	1,497		2,544
Gross deferred tax assets	38,754		35,967
Valuation allowance	(2,800)		(2,268)
Net deferred tax assets	$	35,954	$	33,699
Deferred tax liabilities
ROU assets	$	(2,107)	$	(2,392)
Depreciation and amortization	(473)		(820)
Net deferred tax liabilities	$	(2,580)	$	(3,212)
Net deferred tax assets (liabilities)	$	33,374	$	30,487

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (in thousands):

	2024		2023		2022
Unrecognized tax benefits as of the beginning of the year	$	3,635	$	2,235	$	1,321
(Decrease) increase related to prior year tax provisions	(897)		217		298
Increase related to current year tax provisions	861		1,183		616
Unrecognized tax benefits as of the end of the year	$	3,599	$	3,635	$	2,235