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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income (Loss) before Income Tax, Domestic and Foreign
Income (loss) before income taxes, consisted of the following for the years set forth below (amounts in thousands):
 202520242023
Domestic$(58,609)$(32,410)$20,809 
Foreign47,311 40,681 88,939 
 $(11,298)$8,271 $109,748 
Schedule of Components of Income Tax Expense (Benefit)
The income tax provision (benefit) was as follows for the years set forth below (amounts in thousands):
 202520242023
Current   
Federal$997 $372 $(217)
State(396)(442)1,341 
Foreign18,301 18,289 26,999 
 18,902 18,219 28,123 
Deferred   
Federal13,174 (1,290)(2,513)
State10,558 (1,896)1,186 
Foreign7,257 (3,172)(754)
 30,989 (6,358)(2,081)
Income tax provision$49,891 $11,861 $26,042 
Schedule of Effective Income Tax Rate Reconciliation
For the years ended December 31, 2025, the income tax provision differs from the amount of income tax determined by applying the statutory U.S. federal income tax rate to pre-tax income (loss) as a result of the following:
 2025
AmountETR%
U.S. Federal Statutory Tax Rate$(2,373)21.0 %
Effect of Cross-Border Tax Laws
Sub F, net2,451 (21.7)%
Foreign Branch Income2,565 (22.7)%
Other248 (2.2)%
Tax Credits
          Foreign tax credit expiration2,318 (20.5)%
Other(187)1.7 %
Nontaxable or Nondeductible Items
Executive Compensation - Nondeductible831 (7.4)%
Other914 (8.1)%
Change in Valuation Allowance17,904 (158.5)%
Other
Restructuring(1,298)11.5 %
Other681 (6.0)%
State & Local Income Taxes, Net of Federal Benefit (1)10,245 (90.7)%
Foreign Tax Effects
Argentina
Transaction Gains or Losses879 (7.8)%
Other(695)6.2 %
Brazil
Foreign Rate Differential1,025 (9.1)%
Withholding Tax1,407 (12.5)%
Other(274)2.4 %
Italy
Withholding Tax1,270 (11.2)%
Other26 (0.23)%
Luxembourg
Subnational Tax2,562 (22.7)%
Valuation Allowance9,810 (86.8)%
Other(3,926)34.8 %
Other Foreign Jurisdictions4,027 (35.6)%
Worldwide Changes in Unrecognized Tax Benefits(519)4.6 %
Grand Total$49,891 (441.6)%

(1) During the year December 31, 2025, state taxes in Illinois comprised greater than 50% of the tax effect in this category. This includes the valuation allowance for state income taxes of $12.4 million.
For the years ended December 31, 2024 and 2023, prior to the adoption of ASU 2023-09, a reconciliation of income taxes at the U.S. statutory rate to United States and Foreign Tax Expense for the years then ended is as follows:

 20242023
Statutory U.S. federal tax rate21.0 %21.0 %
Unrecognized tax positions7.3 — 
Foreign tax rate and income differential128.4 9.6 
Valuation allowance(100.3)(3.5)
State taxes, net(18.0)1.2 
Nondeductible royalty— 0.8 
Federal Benefit of Notice 2023-55— (5.2)
Expired Tax Credits69.5 — 
Equity based compensation1.1 — 
Return to provision25.4 0.2 
Transaction costs9.5 — 
Other, net(0.5)(0.4)
Effective tax rate143.4 %23.7 %
Schedule of Deferred Tax Assets and Liabilities
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.  Significant components of the Company’s deferred tax assets and liabilities at December 31, 2025 and 2024, were as follows (amounts in thousands):
 20252024
Deferred tax assets:  
Net operating loss carryforwards$124,640 $101,771 
Inventory12,272 8,385 
Warranty6,844 6,347 
Employee benefits and related costs8,001 8,352 
Prepaid royalties410 1,006 
Interest limitation33,608 28,834 
Lease liability30,323 5,138 
Intangible assets12,463 4,732 
Foreign Tax Credit— 2,318 
Other8,296 7,401 
Deferred tax assets236,857 174,284 
Deferred tax liabilities:  
Fixed assets(30,765)(13,939)
Lease assets(28,958)(5,181)
Pension(7,677)(6,060)
Other(3,529)(7,292)
Deferred tax liabilities(70,929)(32,472)
Subtotal165,928 141,812 
Valuation allowance(161,351)(106,496)
Net deferred tax asset$4,577 $35,316 
Schedule of Unrecognized Tax Benefits Roll Forward
A reconciliation of the total amounts of unrecognized tax benefits at December 31 were as follows (amounts in thousands):
202520242023
Balance at January 1$3,079 $23 $30 
     Increases to tax positions taken during the prior years3,912 3,341 — 
     Decreases to tax positions taken during prior years(81)— — 
     Decreases due to lapse of statutes of limitations(549)— (7)
     Settlements— (273)— 
     Foreign exchange291 (12)— 
Balance at December 31$6,652 $3,079 $23 
Schedule of Income Taxes Paid
In accordance with the adoption of ASU 2023-09, below is a summary of income taxes paid, net of refunds received, by jurisdiction for the year ended December 31, 2025:
2025
US Federal and State and Local
   Other$(778)
(778)
Foreign
   Brazil5,447 
   China2,210 
   Germany - Federal1,636 
   Italy1,256 
   Russia3,210 
   Spain3,319 
   Turkey1,134 
   Other3,052 
21,264 
Total$20,486