Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes at December 31 consists of the following:

(In thousands)	2020		2019		2018
Current
U.S. Federal	$	(8,679)	$	23,798	$	7,540
State	(4,539)		4,471		(504)
Foreign	1,036		2,402		1,123
Current	(12,182)		30,671		8,159
Deferred
U.S. Federal	17,044		(16,250)		(1,799)
State	(92)		727		(1,584)
Foreign	(1,399)		1,138		703
Deferred	15,553		(14,385)		(2,680)
Total	$	3,371	$	16,286	$	5,479

Effective Tax Rates Differ from Statutory Federal Income Tax Rate

The effective tax rates differ from the statutory federal income tax rate as follows:

	2020		2019		2018
Statutory Federal Income Tax Rate	21.0	%	21.0	%	21.0	%
Permanent Items
Stock Compensation Expense	(0.3)	%	(0.5)	%	(0.9)	%
Non Deductible Goodwill Impairment	(10.2)	%	—	%	—	%
Other	—	%	0.5	%	0.4	%
Foreign Tax Rate Differential	(1.0)	%	1.4	%	0.5	%
State Income Tax, Net of Federal Income Tax Effect	3.3	%	6.0	%	2.8	%
Revised State Filing Tax Benefit, Net of Federal Income Tax Effect, Net of Reserve	—	%	—	%	(6.7)	%
Research and Development Tax Credits	2.2	%	(4.6)	%	(6.2)	%
Change in Valuation Allowance	(19.2)	%	1.1	%	—	%
Net GILTI and FDII Tax (Benefit) Expense	—	%	(1.2)	%	0.2	%
Tax Expense (Benefit) on Deemed Repatriation of Foreign Earnings	—	%	—	%	(0.8)	%
Revaluation of Deferred Taxes for Federal Tax Rate Change	—	%	—	%	(0.1)	%
Tax Rate Change on 2020 Federal Net Operating Loss (“NOL”)	1.3	%	—	%	—	%
Other	(0.1)	%	0.1	%	0.3	%
Effective Tax Rate	(3.0)	%	23.8	%	10.5	%

Significant Components of Company's Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities at December 31, are as follows:

(In thousands)	2020		2019
Deferred Tax Assets:
Asset Reserves	$	18,189	$	17,071
Deferred Compensation	7,564		6,427
State Investment and Research and Development Tax Credit Carryforwards, Net of Federal Tax	866		854
Customer Advanced Payments and Deferred Revenue	2,216		3,472
Net Operating Loss Carryforwards and Other	11,244		8,212
Goodwill and Intangible Assets	2,069		—
ASC 606 Revenue Recognition	2,311		2,612
Lease Liabilities	5,545		7,466
Other	2,300		3,170
Total Gross Deferred Tax Assets	52,304		49,284
Valuation Allowance for Foreign Tax Credit, State Deferred Tax Assets and Tax Credit Carryforwards, Net of Federal Tax	(37,168)		(13,303)
Deferred Tax Assets	15,136		35,981
Deferred Tax Liabilities:
Depreciation	10,166		10,060
Goodwill and Intangible Assets	—		4,683
ASC 606 Revenue Recognition - Section 481(a) Adjustment	928		496
Lease Assets	4,506		6,377
Other	1,186		751
Deferred Tax Liabilities	16,786		22,367
Net Deferred Tax (Liabilities) Assets	$	(1,650)	$	13,614

Components of Net Deferred Tax Assets and Liabilities

The net deferred tax assets and liabilities presented in the Consolidated Balance Sheets are as follows at December 31:

(In thousands)	2020		2019
Other Assets — Long-term	$	1,259	$	17,536
Deferred Tax Liabilities — Long-term	(2,909)		(3,922)
Net Deferred Tax (Liabilities) Assets	$	(1,650)	$	13,614

Reconciliation of Total Amounts of Unrecognized Tax Benefits Excluding Interest and Penalties

A reconciliation of the total amounts of unrecognized tax benefits, excluding interest and penalties, is as follows:

(in thousands)	2020		2019		2018
Balance at Beginning of the Year	$	2,565	$	2,197	$	—
Decreases as a Result of Tax Positions Taken in Prior Years	(775)		—		—
Increases as a Result of Tax Positions Taken in the Current Year	100		368		2,197
Balance at End of the Year	$	1,890	$	2,565	$	2,197