Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) From Continuing Operations Before Income Taxes

Income (loss) from operations before income taxes consisted of the following:

	Year Ended December 31,
(in thousands)	2024		2023		2022
United States	$	(23,598)	$	(24,949)	$	910
Foreign	23,062		22,942		12,027
Total	$	(536)	$	(2,007)	$	12,937

Schedule of Components of Provision (Benefit) for Income Taxes

Provision (benefit) for income taxes from operations consisted of the following:

	Year Ended December 31,
(in thousands)	2024		2023		2022
Current income tax expense:
U.S. federal	$	3,035	$	4,961	$	4,011
U.S. state	2,633		2,388		869
Foreign	7,777		7,639		3,057
Total	$	13,445	$	14,988	$	7,937
Deferred income tax expense (benefit):
U.S. federal	$	(3,554)	$	(8,101)	$	(947)
U.S. state	(1,603)		1,232		(73)
Foreign	(1,492)		(1,159)		(1,386)
Total	$	(6,649)	$	(8,028)	$	(2,406)
Total income tax expense (benefit):
U.S. federal	$	(519)	$	(3,141)	$	3,063
U.S. state	1,030		3,620		796
Foreign	6,285		6,481		1,672
Total	$	6,796	$	6,960	$	5,531

Schedule of Reconciliation Between Effective Income Tax Rate and Statutory Federal Rate

The reconciliation between the effective income tax rates and the statutory federal rates for operations are as follows:

	Year Ended December 31,
	2024		2023		2022
Statutory Federal rate	21.0	%	21.0	%	21.0	%
Increase (decrease) resulting from:
Change in valuation allowance - current period activity	(1,196.4)		(380.7)		1.3
Change in valuation allowance - reversal	—		—		—
Foreign rate differential	(63.2)		6.2		4.0
Stock compensation	81.6		(5.0)		(0.5)
Compensation deduction limitation	—		(7.0)		—
State and local taxes, net	178.4		67.1		4.5
Life insurance	(14.1)		(3.4)		—
Meals & entertainment	(65.2)		(17.3)		1.4
Change in uncertain tax positions	46.0		18.1		(2.9)
Provision to return differences	(78.5)		(45.3)		—
GILTI, Section 78, FDII, and Section 250	(8.5)		—		3.2
Transaction costs	(157.4)		—		8.3
Branch income	(275.2)		(81.6)		—
Earn out revaluation	—		—		0.8
Change in deferred balances	263.4		79.4		—
Other items, net	0.2		1.7		1.7
Provision for income taxes	(1,267.9)	%	(346.8)	%	42.8	%

Schedule of Deferred Tax Assets and Liabilities

Deferred income tax assets and liabilities contain the following temporary differences:

	December 31,
(in thousands)	2024		2023
Deferred tax assets:
Federal & state NOL carryforward	$	9,943	$	10,158
Inventory reserve	10,269		8,815
Transaction costs	1,523		673
Stock based compensation	3,113		3,602
Accrued benefits & bonuses	7,821		11,998
Bad debt reserve	546		977
Section 163(j) limitation carryforward	20,422		15,891
Right of use liabilities	21,476		18,936
Deferred state income tax	452		—
Deferred revenue	135		77
Investment in foreign subsidiaries	—		—
Other	5,952		4,005
Total deferred tax assets	81,652		75,132
Deferred tax liabilities:
Intangible assets and goodwill	45,360		44,057
Right of use assets	20,449		18,264
Fixed assets	21,685		20,977
Deferred state income tax	—		17
Other	1,419		1,591
Total deferred tax liabilities	88,913		84,906
Net deferred tax liabilities before valuation allowance	(7,261)		(9,774)
Valuation allowance	(14,868)		(8,457)
Net deferred tax liabilities	$	(22,129)	$	(18,231)

Schedule of Unrecognized Tax Benefits Roll Forward

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

	December 31,
(in thousands)	2024		2023		2022
Balance at beginning of year	$	2,734	$	3,027	$	—
Additions for tax positions of current year	595		—		191
Additions for tax positions of prior years	—		503		3,741
Reductions for tax positions of prior year	(152)		—		(238)
Lapse of statute of limitations	(815)		(796)		(667)
Balance at end of year	$	2,362	$	2,734	$	3,027