Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of (Loss) Income Before Income Taxes

Loss before income taxes consisted of the following (in thousands):

	2023		2022		2021
Domestic	$	(24,658)	$	(13,798)	$	(10,263)
Foreign	3,072		(1,186)		(4,564)
Loss before income taxes	$	(21,586)	$	(14,984)	$	(14,827)

Schedule of Income Tax Expense Benefit

Income tax expense consisted of the following (in thousands):

	2023		2022		2021
Current:
Federal	$	5,573	$	1,606	$	1,896
State	1,004		367		551
Foreign	3,851		3,120		3,391
	10,428		5,093		5,838
Deferred:
Federal	$	222	$	236	$	(2,801)
State	157		234		(307)
Foreign	(1,703)		(1,355)		(2,723)
	(1,324)		(885)		(5,831)
Income tax expense	$	9,104	$	4,208	$	7

Schedule of Effective Income Tax Rate Reconciliation

The income tax benefit amounts differ from the amounts computed by applying the US federal statutory income tax rate of 21% for the years ended December 31, 2023, 2022, and 2021 to pretax income as a result of the following (in thousands):

	2023		2022		2021
Tax benefit at statutory rate	$	(4,533)	$	(3,147)	$	(3,114)
Increase (reduction) in income taxes resulting from:
Valuation allowance change	9,964		4,779		1,566
Foreign income taxes	2,969		415		1,138
Nondeductible executive compensation	989		878		1,075
Equity compensation	872		472		(477)
Net change in uncertain tax positions	652		527		762
State income taxes, net of federal benefit	281		484		73
Nondeductible entertainment expenses	262		117		65
Foreign interest disallowance	—		151		307
Foreign deferred items	—		(112)		53
Foreign derived intangible income deduction	(501)		(133)		(144)
Research and development credit	(800)		(961)		(959)
Provision to return adjustments	(937)		336		63
Other	(114)		402		(401)
Total income tax expense	$	9,104	$	4,208	$	7

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences which give rise to deferred tax assets and liabilities at December 31 were as follows (in thousands):

	2023		2022
Deferred tax assets:
Finance and operating leases	$	13,254	$	12,581
Excess interest carryforward	6,438		5,559
Unrealized gains and losses	5,424		—
Loan revaluation	3,859		2,633
Loss carryforwards	3,205		9,660
Stock compensation	2,761		2,463
Accrued expenses	2,567		1,734
Deferred compensation	1,790		1,317
Property	1,786		1,310
Credit carryforwards	336		503
Inventory and deferred preservation costs write-downs	302		764
Other	1,422		1,650
Less valuation allowance	(32,860)		(17,942)
Total deferred tax assets, net	10,284		22,232
	2023		2022
Deferred tax liabilities:
Unrealized gains and losses	—		(6,624)
Prepaid items	(370)		(323)
Debt costs	(626)		(818)
Finance and operating leases	(12,777)		(12,217)
Intangible assets	(16,106)		(24,601)
Other	(1,169)		(834)
Total deferred tax liabilities	(31,048)		(45,417)
Total deferred tax liabilities, net	$	(20,764)	$	(23,185)

Summary of Valuation Allowance Deferred Tax Assets

A summary of valuation allowances against deferred tax assets was as follows (in thousands):

	2023		2022		2021
Beginning balance	$	17,942	$	13,282	$	7,170
Additions in estimates recorded to deferred income tax expense, net	9,809		4,660		1,505
Additions related to Other comprehensive income, net	5,109		—		4,607
Ending balance	$	32,860	$	17,942	$	13,282

Schedule of Uncertain Tax Position Liability and Liability for Interest and Penalties on Uncertain Tax Positions

A reconciliation of the beginning and ending balances of our uncertain tax position liability, excluding interest and penalties, was as follows (in thousands):

	2023		2022		2021
Beginning balance	$	4,508	$	4,089	$	2,574
Increase related to current year tax positions	2,728		847		1,661
Increase (decrease) for foreign exchange differences	116		(145)		(121)
Increase related to prior year tax positions	26		20		386
Decrease due to the lapsing of statutes of limitations	(158)		(200)		(241)
Decrease related to prior year tax positions	(508)		(103)		(170)
Decrease due to settlements of prior year tax positions	(1,880)		—		—
Ending balance	$	4,832	$	4,508	$	4,089