Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Components of Income before Income Taxes

The components of income from continuing operations before income taxes consist of the following:

Year ended December 31,	2022		2021		2020
Income from continuing operations before income taxes:
U.S.	$	(17,650)	$	231,424	$	80,632
Foreign	28,541		45,330		29,276
Income from continuing operations before income taxes	$	10,891	$	276,754	$	109,908

Income Tax Provision

The income tax provision (benefit) consists of the following:

Year ended December 31,	2022		2021		2020
Current tax provision (benefit):
Federal	$	1,090	$	54,087	$	(4,430)
State	5,125		15,961		6,527
Foreign	8,648		14,853		4,172
Total current tax provision	14,863		84,901		6,269
Deferred tax provision (benefit):
Federal	(8,671)		(22,046)		16,512
State	(5,395)		(4,175)		(1,132)
Foreign	(12,295)		(3,515)		185
Total deferred tax provision (benefit)	(26,361)		(29,736)		15,565
Total income tax (benefit) provision	$	(11,498)	$	55,165	$	21,834

Reconciliation of Federal Statutory Rate to Effective Income Tax Rate

A reconciliation of the federal statutory rate to our effective income tax rate is shown below:

Year ended December 31,	2022		2021		2020
Federal statutory rate	21.0	%	21.0	%	21.0	%
Increases (decreases) in the rate resulting from:
Net capital loss on divestiture	—	%	(1.0)	%	(24.8)	%
Tax reform	—	%	(1.2)	%	(11.4)	%
Unrecognized tax benefits	10.2	%	0.1	%	5.0	%
State income taxes, net of federal income tax impact	(7.1)	%	3.1	%	3.2	%
Research and development credit	(29.9)	%	(0.8)	%	(2.9)	%
Foreign income taxes	0.5	%	0.3	%	0.7	%
Valuation allowance	—	%	1.1	%	27.1	%
Restricted stock vestings	(57.3)	%	(2.1)	%	1.0	%
Nondeductible compensation	28.9	%	1.0	%	—	%
Foreign repatriation change (Thailand)	(96.3)	%	—	%	—	%
Non-deductible transaction costs	19.5	%	—	%	—	%
Foreign derived intangible income (FDII)	—	%	(3.2)	%	—	%
Global intangible low-taxed income	5.0	%	—	%	—	%
Other	(0.1)	%	1.6	%	1.0	%
Effective income tax rate	(105.6)	%	19.9	%	19.9	%

Tax Effects On 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:

December 31,	2022		2021
Deferred tax assets:
Employee benefit plans	$	27,923	$	40,121
Accrued liabilities not currently deductible	15,640		24,659
Finance charges	2,143		2,019
Lease liabilities	80,300		57,056
Allowance for losses on accounts receivable	6,703		3,370
Net operating loss carryforwards	55,992		4,985
Capital loss carryover	30,034		30,323
Interest limitation	19,890		206
R&D Capitalized Costs	14,017		—
Other	7,982		4,694
Total deferred tax assets	260,624		167,433
Less: valuation allowances	(35,253)		(34,706)
Net deferred tax assets	225,371		132,727
Deferred tax liabilities:
Merchandise inventories	18,904		32,261
Goodwill	4,151		2,759
Property and equipment	86,451		32,607
Right-of-use assets	75,623		52,755
Computer software	5,532		8,068
Derivatives	4,020		—
Insurance	(20)		1,040
Intangible assets	81,068		21,953
Withholding tax liabilities	—		7,072
Other	826		101
Total deferred tax liabilities	276,555		158,616
Net deferred tax liability	$	(51,184)	$	(25,889)

Reconciliation of Changes In Unrecognized Tax Benefits

A summary of the changes in the liability for unrecognized tax benefits from the beginning to the end of the reporting period is as follows:

	2022		2021
Unrecognized tax benefits at January 1,	$	21,385	$	20,770
Increases for positions taken during current period	1,016		858
Increases for positions taken during prior periods	325		2,422
Lapse of statute of limitations	(227)		(2,665)
Unrecognized tax benefits at December 31,	$	22,499	$	21,385