Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.21.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of income tax provision (benefit)

    Years ended
December 31,
 
    2020     2019  
Income/(loss) from continuing operations before income taxes:            
U.S.   $ 12,367     $ 4,271  
Non-U.S.     7,600       (2,187 )
Total income/(loss) from continuing operations before income taxes:   $ 19,967     $ 2,084  
Provision (benefit) for taxes:                
Current:                
Federal   $ 2,037     $ 143  
State     347       38  
Non-U.S.     1,156       83  
Total current     3,540       264  
Deferred:                
Federal     126        
State     5        
Non-U.S.     287       (190 )
Total deferred     418       (190 )
Noncurrent                
Federal           (1,331 )
State            
Non-U.S.            
Total noncurrent           (1,331 )
Total income tax expense (benefit)   $ 3,958     $ (1,257 )
Effective income tax rate     19.8 %     (60.3 )%
Schedule of difference between statutory federal income tax rate and tax provision attributable to income (loss) from continuing operations

    Years ended  
    December 31,  
    2020     2019  
Computed expected federal tax expense   $ 4,235     $ 438  
Decrease in valuation allowance     (1,098 )     (546 )
State income net of federal expense     278       242  
Non-U.S. income taxed at different rates     234       (62 )
Unrecognized tax expense (benefit)     309       (1,331 )
Other           2  
Income tax expense (benefit)   $ 3,958     $ (1,257 )
Schedule of deferred tax assets and liabilities
    As of December 31,  
    2020     2019  
Deferred tax assets:            
Net operating losses   $ 3,648     $ 5,688  
Accrued compensation, bonuses, severance           121  
Depreciation     (1 )     269  
Valuation allowance     (3,622 )     (4,736 )
Total deferred tax assets   $ 25     $ 1,342  
Deferred tax liabilities:                
Deferred course expenses   $ (159 )   $ (1,055 )
Depreciation              
Total deferred tax liabilities     (159 )     (1,055 )
Net deferred tax (liability) asset   $ (134 )   $ 287  
Schedule of unrecognized tax benefits
    As of December 31,  
    2020     2019  
Unrecognized tax benefits - January 1   $ 309     $ 1,640  
Gross increases - tax positions in prior period            
Gross decreases - tax positions in prior period           (1,331 )
Unrecognized tax benefits - December 31   $ 309     $ 309  
Schedule of liability for unrecognized tax benefits
    As of December 31,  
    2020     2019  
Reduction of net operating loss carryforwards   $       309  
Noncurrent tax liability (reflected in Other long-term liabilities)     309        
Total liability for unrecognized tax benefits   $ 309     $ 309