Annual report pursuant to Section 13 and 15(d)

INCOME TAXES - Deferred Tax Assets and Liabilities (Details)

v3.22.4
INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Deferred tax assets:    
Accounts receivable $ 441 $ 381
Accrued expenses 4,938 5,251
Inventory 4,112 6,166
Other assets 1,184 930
Pension asset 2,320 365
Capitalized research and development expense 445 0
Lease accounting 5,458 7,558
U.S. and foreign net operating losses 19,150 17,433
Deferred interest expense 11,241 6,106
Tax credits 887 511
Total deferred tax assets 50,176 44,701
Less valuation allowance (16,592) (12,184)
Net deferred tax assets 33,584 32,517
Deferred tax liabilities:    
Property, plant and equipment (6,270) (5,271)
Operating lease right-of-use asset (4,621) (6,553)
Intangible assets (45,964) (46,511)
Deferred rent (63) (59)
Unremitted earnings (2,295) (965)
Other liabilities (6,417) (6,255)
Total deferred tax liabilities (65,630) (65,614)
Net deferred tax liability $ (32,046) $ (33,097)