Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The table below sets forth our income before taxes for the twelve months ended December 31:

Income (loss) before income taxes	2025		2024			2023
U.S.	$	24,306	$	(46,195	)	$	172,781
Foreign		59,653		108,877			105,152
Total	$	83,959	$	62,682		$	277,933

The table below sets forth the components of our income tax provision (benefit) for the twelve months ended December 31:

	2025			2024			2023
Current tax provision (benefit)
Federal	$	2,751		$	1,684		$	27,028
Foreign		16,420			41,052			34,408
State		(17	)		123			54
		19,154			42,859			61,490
Deferred tax provision (benefit)
Federal		1,439			(7,862	)		(8,273	)
Foreign		(2,449	)		(13,867	)		(10,463	)
State		(127	)		-			(5	)
		(1,137	)		(21,729	)		(18,741	)
Tax (benefit) provision for unrecognized tax benefits		(3,228	)		(9,290	)		4,536
Total income tax provision	$	14,789		$	11,840		$	47,285

Schedule of Effective Income Tax Rate Reconciliation

The table below sets forth a reconciliation between the effective tax rate and the statutory tax rates for the twelve months ended December 31:

	2025						2024						2023
	Amount			Percent*			Amount			Percent*			Amount			Percent*
US federal statutory tax rate	$	17,632			21.0		$	13,163			21.0		$	58,366			21.0
State and local income taxes, net of federal income tax effect**		(144	)		(0.2	)		123			0.2			54			-
Foreign tax effects
United Kingdom
Statutory tax rate difference between United Kingdom and United States		303			0.4			815			1.3			628			0.2
Tax account adjustment		-			-			1,907			3.0			-			-
Other		523			0.6			631			1.0			752			0.3
China																	-
Statutory tax rate difference between China and United States		1,002			1.2			2,202			3.5			1,729			0.6
Tax holidays		(2,689	)		(3.2	)		(1,490	)		(2.4	)		(1,533	)		(0.6	)
Research and development tax incentives		(4,400	)		(5.2	)		(3,148	)		(5.0	)		(4,487	)		(1.6	)
Changes in valuation allowances		2,060			2.5			-			-			-			-
Withholding taxes		1,598			1.9			(3,479	)		(5.6	)		11,121			4.0
Other		163			0.2			(69	)		(0.1	)		183			0.1
Taiwan
Statutory tax rate difference between Taiwan and United States		(285	)		(0.3	)		(512	)		(0.8	)		(127	)		-
Changes in valuation allowances		(1,729	)		(2.1	)		(3,067	)		(4.9	)		1,864			0.7
Withholding taxes		(254	)		(0.3	)		1,092			1.7			(5,369	)		(1.9	)
Other		(672	)		(0.8	)		404			0.6			(1,520	)		(0.5	)
Germany
Statutory tax rate difference between Germany and United States		183			0.2			2,709			4.3			663			0.2
Other		(435	)		(0.5	)		1,545			2.5			413			0.1
Hong Kong
Statutory tax rate difference between Hong Kong and United States		283			0.3			325			0.5			(36	)		-
Other		(803	)		(1.0	)		1,045			1.7			(535	)		(0.2	)
Luxembourg
Statutory tax rate difference between Luxembourg and United States		571			0.7			430			0.7			(295	)		(0.1	)
Losses not benefitted		672			0.8			1,826			3.0			-			-
Other		-			-			-			-			13			-
Singapore
Statutory tax rate difference between Singapore and United States		272			0.3			-			-			-			-
Changes in valuation allowances		1,509			1.8			-			-			-			-
Other		387			0.5			-			-			-			-
Other foreign jurisdictions		108			0.1			1,176			1.9			102			-
Effect of cross-border tax laws
Global intangible low-taxed income		3,826			4.6			4,426			7.1			(379	)		(0.1	)
Foreign derived intangible income		(1,362	)		(1.7	)		-			-			(14,617	)		(5.3	)
Other		322			0.3			(130	)		(0.2	)		(2,159	)		(0.8	)
Tax credits
Research and development tax credits		(956	)		(1.1	)		(1,400	)		(2.2	)		(1,200	)		(0.4	)
Changes in valuation allowances		(792	)		(0.9	)		-			-			-			-
Nontaxable or nondeductible items
Share-based payment awards		2,212			2.6			953			1.5			227			0.1
Other		239			0.3			(347	)		(0.6	)		(1,109	)		(0.4	)
Tax account adjustment		(1,327	)		(1.6	)		-			-			-			-
Changes in unrecognized tax benefits		(3,228	)		(3.8	)		(9,290	)		(14.8	)		4,536			1.6
Effective tax rate	$	14,789			17.6		$	11,840			18.9		$	47,285			17.0

* The sum of the amounts in the table may not equal the effective rate due to rounding.

** State taxes in California and Texas made up the majority (greater than 50% of the tax effect in this category).

Schedule of Income Taxes Paid

Income taxes paid, net of refunds

Jurisdiction	2025		2024		2023
Federal	$	-	$	-	$	39,000
State		4		-		36
Foreign
Taiwan		8,467		10,541		29,471
China		7,341		6,961		11,578
United Kingdom		2,692		640		12,224
Germany		5,163		2,275		(598	)
Hong Kong		-		1,013		5,908
Other jurisdictions		488		103		49
Total	$	24,157	$	21,534	$	97,668

Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible

In accordance with the provisions related to accounting for uncertainty in income taxes, we recognize the benefit of a tax position if the position is “more likely than not” to prevail upon examination by the relevant tax authority. The table below sets forth a reconciliation of the beginning and ending amount of unrecognized tax benefits:

	2025			2024			2023
Balance at January 1,	$	44,391		$	48,838		$	48,072
Additions based on tax positions related to the    current year		2,838			4,955			11,370
Additions for prior year tax positions		10,677			6,900			110
Reductions for prior year tax positions		(9,519	)		(16,302	)		(10,714	)
Balance at December 31,	$	48,387		$	44,391		$	48,838

Schedule of Deferred Tax Assets and Liabilities

The table below sets forth our deferred tax assets and liabilities as of December 31:

	2025			2024
Deferred tax assets
Inventory cost	$	32,895		$	30,128
Accrued expenses and accounts receivable		6,553			6,511
Research and development tax credits		12,864			11,769
Net operating loss carryforwards		46,784			47,386
Lease obligations		4,236			3,371
Accrued pension		227			1,882
Plant, equipment and intangible assets		644			-
Share based compensation and others		21,825			11,295
		126,028			112,342
Valuation allowances		(23,876	)		(22,101	)
Total deferred tax assets, non-current		102,152			90,241
Deferred tax liabilities
Plant, equipment and intangible assets		-			(4,773	)
Right of use assets		(7,292	)		(6,625	)
Outside basis differences and others		(12,940	)		(14,077	)
Total deferred tax liabilities, non-current		(20,232	)		(25,475	)
Net deferred tax assets	$	81,920		$	64,766