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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Before Income Taxes

U.S. and international components of income before income taxes (in thousands) were comprised of the following for the periods indicated:

		Years Ended December 31,
		2019				2018				2017
										(as adjusted)
U.S.		$	9,944			$	(18,295	)		$	18,814
Foreign			28,319				38,777				52,660
Total		$	38,263			$	20,482			$	71,474

Schedule of Provision for Income Taxes

The provision for (benefit from) income taxes (in thousands) consisted of the following for the periods indicated:

		Years Ended December 31,
		2019				2018				2017
										(as adjusted)
Current:
Federal		$	1,256			$	(1,916	)		$	48,794
State			143				1,656				4,077
Foreign			5,135				6,460				4,074
		$	6,534			$	6,200			$	56,945
Deferred:
Federal		$	(749	)		$	(6,071	)		$	(1,649	)
State			(480	)			(2,047	)			(1,260	)
Foreign			(1,397	)			(101	)			(757	)
		$	(2,626	)		$	(8,219	)		$	(3,666	)
Total provision (benefit)		$	3,908			$	(2,019	)		$	53,279

Schedule of Effective Income Tax Rate Reconciliation

The provision for (benefit from) income taxes differs from the amount computed by applying the federal statutory income tax rate to the Company’s income before income taxes as follows for the periods indicated:

		Years Ended December 31,
		2019				2018				2017
										(as adjusted)
Income tax expense at federal statutory rate			21.0	%			21.0	%			35.0	%
State taxes, net of federal tax effect			(1.7	)%			(1.3	)%			2.5	%
Foreign earnings taxed at different rates			(6.1	)%			(20.5	)%			(24.2	)%
Book tax difference in amortization of intangible property			(4.6	)%			0.0	%			0.0	%
Withholding tax			3.1	%			5.5	%			1.9	%
Foreign tax credit			(3.0	)%			(5.2	)%			(1.1	)%
Other international components			0.2	%			0.3	%			0.0	%
Change in valuation allowance			1.6	%			2.5	%			0.2	%
Deferred tax adjustments and rate changes			1.0	%			(1.7	)%			4.0	%
Meals and entertainment			1.3	%			2.6	%			0.7	%
Non-deductible officers compensation			1.4	%			2.1	%			0.0	%
Section 199 deduction			0.0	%			0.0	%			(1.4	)%
Subpart F income			3.2	%			7.0	%			1.5	%
Research and development tax credit			(9.3	)%			(11.8	)%			(1.1	)%
Stock compensation			1.8	%			5.8	%			0.6	%
GILTI, net of foreign tax credit			0.9	%			0.5	%			0.0	%
FDII			(1.9	)%			(4.5	)%			0.0	%
Transition Tax			0.0	%			(15.2	)%			55.4	%
Other permanent differences			1.3	%			3.0	%			0.5	%
Total			10.2	%			(9.9	)%			74.5	%

Schedule of Effective Tax Rate for Income Before Income Taxes

The Company’s U.S. and foreign effective tax rates for income before income taxes were as follows for the periods indicated:

		Years Ended December 31,
		2019				2018				2017
										(as adjusted)
U.S.			1.7	%			45.8	%			265.6	%
Foreign			13.2	%			16.4	%			6.3	%
Combined			10.2	%			(9.9	)%			74.5	%

Schedule of Components of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities (in thousands) were as follows for the periods indicated:

		December 31,
		2019				2018
Deferred tax assets, net:
Net operating loss carryforwards		$	874			$	841
Tax credits			2,553				1,839
Intangible assets			1,878				0
Deferred revenue adjustment			423				543
Accrued compensation			6,257				6,519
Share-based compensation expense			14,182				12,987
Deferred rent			1,330				1,764
Other			1,453				2,115
Deferred tax assets before valuation allowance			28,950				26,608
Valuation allowance			(2,130	)			(1,507	)
Deferred tax assets, net of valuation allowance			26,820				25,101
Deferred tax liabilities:
Prepaid expenses and other			1,693				1,049
Property and equipment			5,092				5,841
Method change			652				932
Total deferred tax liabilities			7,437				7,822
Total net deferred tax asset		$	19,383			$	17,279
Reported as:
Non-current deferred tax assets, net			19,409				17,316
Non-current deferred tax liabilities			(26	)			(37	)
Total net deferred tax asset		$	19,383			$	17,279

Schedule of Change In Unrecognized Tax Benefits

The change in unrecognized income tax benefits (in thousands) is presented in the table below:

Unrecognized income tax benefits at January 1, 2019		$	4,059
Increase related to positions taken in prior period			26
Increase related to positions taken in current period			315
Decrease related to expiration of statute of limitations			(2,837	)
Unrecognized income tax benefits at December 31, 2019			1,563
Accrued interest			163
Unrecognized income tax benefits recorded in other long-term liabilities at December 31, 2019		$	1,726

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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