INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Summary of Provision for (Benefit from) Income Taxes

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

(In thousands)	2022		2021		2020
Current
U.S. Federal	$	5,338	$	(1,713)	$	(8,679)
State	(153)		(667)		(4,539)
Foreign	750		1,439		1,036
Current	5,935		(941)		(12,182)
Deferred
U.S. Federal	113		(237)		17,044
State	(239)		(87)		(92)
Foreign	145		(117)		(1,399)
Deferred	19		(441)		15,553
Total	$	5,954	$	(1,382)	$	3,371

Summary of Effective Tax Rates Differ From Statutory Federal Income Tax Rate

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

	2022		2021		2020
Statutory Federal Income Tax Rate	21.0	%	21.0	%	21.0	%
Permanent Items
Stock Compensation Expense	(2.2)	%	(2.1)	%	(0.3)	%
Non Deductible Goodwill Impairment	—	%	—	%	(10.2)	%
Contingent Consideration Liability Fair Value Adjustment	—	%	1.7	%	—	%
Other	(0.3)	%	(0.7)	%	—	%
Foreign Tax Rate Differential	(2.8)	%	(2.7)	%	(1.0)	%
State Income Tax, Net of Federal Income Tax Effect	1.0	%	2.2	%	3.3	%
Research and Development Tax Credits	7.7	%	12.8	%	2.2	%
Change in Valuation Allowance	(44.6)	%	(29.8)	%	(19.2)	%
Net GILTI and FDII Tax Expense	1.8	%	—	%	—	%
Foreign Tax Credit for Dividend Withholding	(1.5)	%	1.7	%	—	%
Tax Rate Change on 2020 Federal Net Operating Loss Carryback	—	%	0.9	%	1.3	%
Other	(0.1)	%	0.1	%	(0.1)	%
Effective Tax Rate	(20.0)	%	5.1	%	(3.0)	%

Summary of 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)	2022		2021
Deferred Tax Assets:
Asset Reserves	$	17,680	$	17,462
Deferred Compensation	6,798		7,424
Section 163(j) - Interest Expense Limitation	—		891
State Investment and Research and Development Tax Credit Carryforwards, Net of Federal Tax	1,128		4,674
Customer Advanced Payments and Deferred Revenue	1,917		1,301
Net Operating Loss Carryforwards and Other	11,307		15,617
Goodwill and Intangible Assets	1,277		1,082
ASC 606 Revenue Recognition	197		1,817
Research & Development Costs	19,892		—
Lease Liabilities	3,201		4,178
Other	6,135		5,540
Total Gross Deferred Tax Assets	69,532		59,986
Valuation Allowance for Federal and State Deferred Tax Assets and Tax Credit Carryforwards, Net of Federal Tax	(57,369)		(43,519)
Deferred Tax Assets	12,163		16,467
Deferred Tax Liabilities:
Depreciation	8,886		9,393
ASC 606 Revenue Recognition - Section 481(a) Adjustment	525		1,030
Lease Assets	2,905		3,539
Earnout Income Accrual	—		2,603
Other	1,005		1,050
Deferred Tax Liabilities	13,321		17,615
Net Deferred Tax Liabilities	$	(1,158)	$	(1,148)

Summary of 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)	2022		2021
Other Assets — Long-term	$	712	$	273
Deferred Tax Liabilities — Long-term	(1,870)		(1,421)
Net Deferred Tax Liabilities	$	(1,158)	$	(1,148)

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

(in thousands)	2022		2021		2020
Balance at Beginning of the Year	$	1,412	$	1,890	$	2,565
Decreases as a Result of Tax Positions Taken in Prior Years	(969)		(478)		(775)
Increases as a Result of Tax Positions Taken in the Current Year	—		—		100
Balance at End of the Year	$	443	$	1,412	$	1,890