Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Tax Expense

Income (loss) before income tax expense consists of the following:

	Years ended December 31,
	2024		2023		2022
Domestic	$	(22,298)	$	(67,914)	$	(37,875)
Foreign	21,364		13,852		16,224
Income (loss) before income taxes	$	(934)	$	(54,062)	$	(21,651)

Schedule of Components of Income Tax Expense

The components of the income tax expense for income taxes are as follows:

	Years ended December 31,
	2024		2023		2022
Current:
Federal	$	—	$	(515)	$	(1,329)
State	59		179		162
Foreign	4,237		2,269		3,860
Current income tax expense	$	4,296	$	1,933	$	2,693
Deferred:
Federal	$	1	$	—	$	2
State	6		10		(32)
Foreign	3,829		572		2,442
Deferred income tax expense	3,836		582		2,412
Income tax expense	$	8,132	$	2,515	$	5,105

Schedule of Reconciliation of Income Tax Expense (Benefit)

Reconciliations of the income tax expense at the U.S. federal statutory income tax rate compared to our actual income tax expense (benefit) are summarized below:

	Years ended December 31,
	2024		2023		2022
Tax expense at statutory rate	$	(197)	$	(11,353)	$	(4,548)
State income taxes, net of federal benefit	(298)		(3,030)		(864)
Foreign tax rate difference	420		390		314
Change in valuation allowance	2,494		9,150		2,534
Prepaid tax on intercompany profit (1)	1,669		(564)		(150)
Impact of permanent differences of non-deductible cost	894		555		2,221
Withholding/other foreign taxes	406		798		165
Research and development credit	(545)		(608)		(273)
Impact of foreign source income and tax credits (1)	2,354		6,449		6,204
Foreign currency gain/loss	(1,264)		415		(468)
Provision to return adjustments & deferred adjustments	394		(1,691)		(245)
Change in enacted tax rates	—		(196)		(883)
Equity based compensation	1,712		2,089		1,144
Uncertain tax positions	92		109		(46)
Other	1		2		—
Income tax expense	$	8,132	$	2,515	$	5,105

(1) Historical numbers were adjusted to be consistent with current year change in presentation.

Schedule of Components of Net Deferred Income Tax Assets and Liabilities

The components of our net deferred income tax assets and liabilities are as follows:

	As of December 31,
	2024		2023
Net deferred income tax asset - Non-current
Warranty cost	$	337	$	381
Inventory reserve	1,050		1,676
Unearned service revenue	9,352		8,294
Employee stock options	1,610		5,102
Tax credits	8,016		6,133
Loss carryforwards	16,577		20,965
Depreciation	(128)		773
Other, net	3,039		—
Intangibles & goodwill	16,165		13,996
Lease liability	3,777		3,419
Total deferred tax assets	59,795		60,739
Valuation allowance	(48,603)		(46,515)
Total deferred tax assets net of valuation allowance	11,192		14,224
Net deferred income tax liability - Non-current
Other, net	—		(150)
Operating lease right-of-use asset	(3,120)		(2,433)
Total deferred tax liabilities	(3,120)		(2,583)
Net deferred tax assets	$	8,072	$	11,641

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	Years ended December 31,
	2024		2023		2022
Balance at January 1	$	2,523	$	2,428	$	1,664
Additions based on tax positions related to the current year	27		723		1,924
Additions for tax positions of prior years	52		—		—
Reductions for tax provisions of prior years	—		(177)		—
Lapse of statute of limitations	—		(451)		(1,160)
Balance at December 31	$	2,602	$	2,523	$	2,428

Schedule of Income Tax Examinations

The table below summarizes the open tax years and ongoing tax examinations in major jurisdictions as of December 31, 2024.

Jurisdiction	Open Years	Examination in Process
United States - Federal Income Tax	2021 - 2024	N/A
United States - various states	2020 - 2024	N/A
Germany	2013 - 2024	N/A
Switzerland	2022 - 2024	N/A
Singapore	2020 - 2024	N/A
India	2019 - 2024	2019 - 2023