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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Expense

Income tax expense consists of the following:

 

 

 

Three Months Ended
March 31,

 

(in thousands)

 

2022

 

 

2021

 

Current:

 

 

 

 

 

 

U.S. Federal

 

$

97

 

 

$

(163

)

State and local

 

 

171

 

 

 

140

 

Foreign

 

 

3,466

 

 

 

2,258

 

Deferred:

 

 

(1,201

)

 

 

(478

)

 

 

$

2,533

 

 

$

1,757

 

Schedule of Tax Incentives The net impact of these tax incentives was to lower foreign income tax expense for the three months ended March 31, 2022 and 2021 by approximately $1.2 million (approximately $0.03 per diluted share), and $1.0 million (approximately $0.03 per diluted share), as follows:

 

 

 

Three Months Ended
March 31,

 

(in thousands)

 

2022

 

 

2021

 

China

 

$

116

 

 

$

 

Malaysia

 

 

 

 

 

417

 

Thailand

 

 

1,074

 

 

 

582

 

 

 

$

1,190

 

 

$

999