Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.22.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Provision (Benefit) The components of income tax provision (benefit) attributable to the Company for the year ended December 31, 2022, 2021 and 2020, respectively, are as follows (in thousands):
Year Ended December 31,
2022 2021 2020
U.S. current income tax expense (benefit) $ 61  $ 290  $ (6,931)
U.S. deferred income tax benefit (207) (23,740) (12,330)
Foreign current income tax expense 5,846  8,852  6,948 
Foreign deferred income tax expense (benefit) 7,907  (8,265) 144 
Total $ 13,607  $ (22,863) $ (12,169)
Schedule of Effective Income Tax Rate Reconciliation A reconciliation of the statutory federal income tax amount to the recorded expense is as follows (in thousands):
Year Ended December 31,
2022 2021 2020
Income (loss) before income taxes $ 12,988  $ (124,293) $ (119,776)
Statutory income tax rate 21  % 21  % 21  %
Expected income tax expense (benefit) 2,727  (26,102) (25,153)
Change in tax rate —  —  (161)
Interest and penalties 1,677  1,043  — 
Foreign income tax rate differential 4,311  (282) 2,556 
Foreign earnings (loss) not in reported income 1,565  (336) 3,252 
Foreign tax credits (3,646) (7,749) (7,133)
Withholding taxes 1,677  (49) 1,019 
Goodwill impairment —  52  11,544 
Other permanent differences 322  426  1,290 
State tax benefit (1,129) (2,449) (1,664)
CARES act —  —  (2,378)
Return to provision (116) 390  894 
Change in valuation allowance 6,219  12,193  3,765 
Total $ 13,607  $ (22,863) $ (12,169)
Schedule of Deferred Tax Assets and Liabilities Deferred tax liabilities attributable to the Company consisted of the following (in thousands):
Year Ended December 31,
2022 2021
Deferred tax assets:
Allowance for doubtful accounts $ 598  $ 1,241 
Lease asset 4,287  4,432 
Intangible assets 952  1,070 
Accrued liabilities 926  12,833 
Net operating loss carryover 9,674  13,447 
Foreign tax credits 86,311  83,780 
Other 1,396  1,652 
Valuation allowance (78,298) (71,612)
Deferred tax assets 25,846  46,843 
Deferred tax liabilities:
Property and equipment $ (18,989) $ (28,126)
Lease liability (4,057) (4,392)
Other (3,271) (7,096)
Deferred tax liabilities (26,317) (39,614)
Net deferred tax (liability) asset $ (471) $ 7,229 
Reflected in accompanying balance sheet as:
Deferred income tax asset $ —  $ 8,094 
Deferred income tax liability (471) (865)
Total $ (471) $ 7,229