INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Summary of Components of Tax Provision and Benefit

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

	Current		Deferred		Total
Twelve months ended December 31, 2024:
U.S. Federal	$	305	$	(61)	$	244
State & local	481		—		481
Foreign jurisdictions	3,514		(963)		2,551
Tax provision	$	4,300	$	(1,024)	$	3,276
Twelve months ended December 31, 2023:
U.S. Federal	$	(145)	$	304	$	159
State & local	338		—		338
Foreign jurisdictions	3,110		971		4,081
Tax provision	$	3,303	$	1,275	$	4,578

Summary of Components of Pre-Tax Income (Loss)

The components of loss before income taxes for the years ended December 31, 2024 and 2023 were as follows (in thousands):

	Twelve Months Ended December 31,
	2024		2023
Domestic	$	(42,477)	$	(86,077)
Foreign	7,487		14,933
Loss before income taxes	$	(34,990)	$	(71,144)

Summary of 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 2024 and 2023, respectively, differed from the amounts computed by applying the U.S. federal income tax rate of 21% in 2024 and 2023, as a result of the following (in thousands):

	Twelve Months Ended December 31,
	2024		2023
Loss before income taxes	$	(34,990)	$	(71,144)
Computed income tax benefit at statutory rate	(7,348)		(14,940)
State income taxes, net of federal benefit	320		(200)
Foreign tax rate differential	290		1,229
Non-cash compensation	74		108
Deferred taxes on investment in foreign subsidiaries	(124)		305
Non-deductible expenses	247		246
Foreign withholding	258		641
Prior year tax adjustments	105		(299)
Valuation allowance	9,221		16,512
Other	233		976
Total expense for income tax	$	3,276	$	4,578

Summary of 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,
	2024		2023
Deferred tax assets:
Accrued compensation and benefits	$	4,480	$	4,710
Receivables	229		262
Inventory	319		311
Share based compensation	354		525
Other accrued liabilities	1,197		1,974
Tax credit carry forward	2,862		3,038
Interest expense limitation	51,414		41,477
Goodwill and intangible costs	8,078		9,110
Debt related cost	2,621		4,174
Net operating loss carry forwards	46,348		45,351
Other	1,984		611
Deferred tax assets	119,886		111,543
Less: Valuation allowance	(102,201)		(93,677)
Deferred tax assets, net	$	17,685	$	17,866
Deferred tax liabilities:
Property, plant and equipment	(14,075)		(15,947)
Unremitted earnings of foreign subsidiaries	(2,837)		(2,960)
Other	(4,156)		(3,476)
Deferred tax liabilities	(21,068)		(22,383)
Net deferred tax liability	$	(3,383)	$	(4,517)

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

The following table summarizes a reconciliation of gross unrecognized tax benefits, excluding penalties and interest, for the year ended December 31, 2024 and 2023 (in thousands):

	Twelve Months Ended December 31,
	2024		2023
Unrecognized tax benefits - January 1	$	1,452	$	1,097
Additions based on tax positions related to prior years	—		399
Reductions based on tax positions related to prior years	(74)		—
Reductions resulting from a lapse of the applicable statute of limitations	(116)		(44)
Unrecognized tax benefits - December 31	$	1,262	$	1,452