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Income Taxes (Tables)
6 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Expense

Income tax expense consists of the following:

 

 

 

Six Months Ended
June 30,

 

(in thousands)

 

2022

 

 

2021

 

Current:

 

 

 

 

 

 

U.S. Federal

 

$

67

 

 

$

(365

)

State and local

 

 

458

 

 

 

354

 

Foreign

 

 

9,177

 

 

 

5,098

 

Deferred:

 

 

(3,098

)

 

 

(1,475

)

 

 

$

6,604

 

 

$

3,612

 

Schedule of Tax Incentives The net impact of these tax incentives was to lower foreign income tax expense for the six months ended June 30, 2022 and 2021 by approximately $1.7 million (approximately $0.05 per diluted share), and $2.2 million (approximately $0.06 per diluted share), as follows:

 

 

 

Six Months Ended
June 30,

 

(in thousands)

 

2022

 

 

2021

 

China

 

$

215

 

 

$

 

Malaysia

 

 

 

 

 

877

 

Thailand

 

 

1,467

 

 

 

1,295

 

 

 

$

1,683

 

 

$

2,172