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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

The components of our tax provision and benefit on continuing operations were as follows (in thousands):


	Current		Deferred		Total
Twelve months ended December 31, 2021:
U.S. Federal	$	1,460	$	(1,115)	$	345
State & local	590		150		740
Foreign jurisdictions	4,350		5,774		10,124
	$	6,400	$	4,809	$	11,209
Twelve months ended December 31, 2020:
U.S. Federal	$	(14,853)	$	(1,228)	$	(16,081)
State & local	1,113		(1,010)		103
Foreign jurisdictions	2,942		(1,679)		1,263
	$	(10,798)	$	(3,917)	$	(14,715)
Twelve months ended December 31, 2019:
U.S. Federal	$	(105)	$	(4,349)	$	(4,454)
State & local	519		(1,230)		(711)
Foreign jurisdictions	2,340		2,389		4,729
	$	2,754	$	(3,190)	$	(436)

Components of Pre-Tax Income (Loss)

The components of pre-tax income (loss) from continuing operations for the years ended December 31, 2021, 2020 and 2019 were as follows (in thousands):


	Twelve Months Ended December 31,
	2021		2020		2019
Domestic	$	(157,778)	$	(240,064)	$	(34,720)
Foreign	(17,032)		(11,854)		1,867
	$	(174,810)	$	(251,918)	$	(32,853)

Income Tax Expense (Benefit) Attributable to Income (Loss) from Continuing Operations Differed from Amounts Computed by Federal Income Tax Rate

The income tax provision in 2021 and benefit in 2020 and 2019 attributable to the loss from continuing operations differed from the amounts computed by applying the U.S. Federal income tax rate (21% in 2021, 2020 and 2019) to pre-tax loss from continuing operations as a result of the following (in thousands):


	Twelve Months Ended December 31,
	2021		2020		2019
Pre-tax loss from continuing operations	$	(174,810)	$	(251,918)	$	(32,853)
Computed income taxes at statutory rate	(36,710)		(52,903)		(6,899)
State income taxes, net of federal benefit	561		(114)		(820)
Foreign tax rate differential	613		404		(300)
Non-cash compensation	842		926		323
Deferred taxes on investment in foreign subsidiaries	(1,939)		525		18
Non-deductible expenses	767		518		658
Non-deductible compensation	(522)		89		559
Foreign withholding	1,708		1,063		670
Prior year tax adjustments	993		707		954
Convertible debt	—		(2,949)		—


Goodwill impairment	9,892		12,586		—

Valuation allowance	34,284		32,957		3,682
Cares Act rate benefit	—		(7,267)		—
Rate change	(186)		(551)		684
Other	906		(706)		35
Total expense (benefit) for income tax on continuing operations	$	11,209	$	(14,715)	$	(436)

Tax Effects of Temporary Differences that Give Rise to Significant Portions of Deferred Tax Assets and Deferred Tax Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below (in thousands):


	December 31,
	2021		2020
Deferred tax assets:
Accrued compensation and benefits	$	7,831	$	9,058
Receivables	1,345		1,551
Inventory	316		336
Share based compensation	271		256

Other accrued liabilities	3,467		2,109
Tax credit carry forward	3,613		3,642
Interest expense limitation	22,312		7,040
Goodwill and intangible costs	9,221		6,754
Net operating loss carry forwards	68,972		58,759
Other	2,428		1,013
Deferred tax assets	119,776		90,518
Less: Valuation allowance	(89,191)		(53,417)
Deferred tax assets, net	30,585		37,101
Deferred tax liabilities:
Property, plant and equipment	(20,267)		(23,783)

Unremitted earnings of foreign subsidiaries	(3,944)		(5,918)
Convertible debt	(7,359)		(1,755)
Other	(2,408)		(3,230)
Deferred tax liabilities	(33,978)		(34,686)
Net deferred tax asset (liability)	$	(3,393)	$	2,415

Reconciliation of Changes in Unrecognized Tax Benefits Associated with Uncertain Tax Positions

The following table summarizes the Company’s reconciliation of gross unrecognized tax benefits, excluding penalties and interest, for the year ended December 31, 2021, 2020 and 2019 (in thousands):


	Twelve Months Ended December 31,
	2021		2020		2019
Unrecognized tax benefits - January 1	$	1,610	$	1,547	$	1,749

Additions based on current year tax positions	—		7		—
Additions based on tax positions related to prior years	543		89		227
Reductions based on tax positions related to prior years					(415)
Settlements	—		—		—
Reductions resulting from a lapse of the applicable statute of limitations	(868)		(33)		(14)
Unrecognized tax benefits - December 31	$	1,285	$	1,610	$	1,547