INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Domestic and Foreign Components of Income Before Tax for Operations

The domestic and foreign components of income (loss) before income taxes for our operations consist of the following for the years ended December 31:

	2023		2022		2021
Domestic	$	16,181	$	(302)	$	(9,970)
Foreign	33,698		23,511		7,416
Total income (loss) before income taxes	$	49,879	$	23,209	$	(2,554)

Schedule of Components of the Provision for Income Taxes

The components of the provision (benefit) for income taxes consist of the following for the years ended December 31:

 

	2023		2022		2021
Current – Federal	$	3,522	$	2,288	$	(707)
Current – State	733		927		209
Current – Foreign	9,895		6,760		800
Current income tax expense	14,150		9,975		302
Deferred – Federal	87		(1,024)		(1,386)
Deferred – State	587		(175)		(996)
Deferred – Foreign	296		600		536
Deferred income tax expense (benefit)	970		(599)		(1,846)
Income tax provision (benefit)	$	15,120	$	9,376	$	(1,544)

Schedule of Deferred Tax Assets and Liabilities

Our deferred tax assets and liabilities consist of the following at December 31:

 

	2023		2022
Deferred tax assets:
Net operating loss carryforward	$	6,168	$	6,565
Inventory differences	1,043		965
Equity compensation	1,421		1,850
Investment in joint venture	677		1,658
Restructuring	104		201
Purchased intangible assets and goodwill	389		527
Accrued employee compensation and benefits	4,362		4,144
Lease liabilities	2,514		2,880
Interest expense	737		—
Research and development costs	752		434
Other, net	388		352
Gross deferred tax assets	18,555		19,576
Less valuation allowances	(6,167)		(6,277)
Total deferred tax assets	12,388		13,299
Deferred tax liabilities:
Depreciation and amortization	(5,278)		(4,736)
Right-of-use assets	(2,276)		(2,633)
Other, net	(52)		(205)
Total deferred tax liabilities	(7,606)		(7,574)
Net deferred tax assets	$	4,782	$	5,725

Schedule of Reconciliation of Income Tax Provision

A reconciliation of our income tax provision computed by applying the Federal statutory income tax rate of 21% to income (loss) before income taxes is as follows for the years ended December 31:

	2023		2022		2021
Statutory U.S. federal income tax	$	10,475	$	4,874	$	(536)
Foreign rate differential	3,562		2,868		1,690
Permanent items	975		980		683
U.S. state income tax, net of federal benefit	1,275		569		(338)
(Income) loss attributable to noncontrolling interest	(1,793)		(333)		170
Equity compensation	1,080		202		(1,476)
Return to provision adjustments	(247)		134		(345)
Deemed repatriation of foreign earnings	90		64		—
Other	2		(14)		11
Change in valuation allowances	(299)		32		(1,403)
Income tax provision (benefit)	$	15,120	$	9,376	$	(1,544)

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	2023
Unrecognized tax benefits, December 31, 2022	$	2,106
Additions based on tax positions related to the current year	2,841
Additions for tax positions of prior years	70
Reductions for tax positions of prior years	—
Settlements	—
Unrecognized tax benefits, December 31, 2023	$	5,017