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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of Components of (Loss) Income Before Income Taxes | U.S. and international components of (loss) income before income taxes (in thousands) were comprised of the following for the periods indicated:
|  | Years Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
U.S. |  | $ | (53,250 | ) |  | $ | 9,944 |  |  | $ | (18,295 | )
Foreign |  |  | 33,297 |  |  |  | 28,319 |  |  |  | 38,777 |
Total |  | $ | (19,953 | ) |  | $ | 38,263 |  |  | $ | 20,482 |
Schedule of (Benefit from) Provision for Income Taxes | The (benefit from) provision for income taxes (in thousands) consisted of the following for the periods indicated:
|  | Years Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 1,861 |  |  | $ | 1,256 |  |  | $ | (1,916 | )
State |  |  | 1,445 |  |  |  | 143 |  |  |  | 1,656 |
Foreign |  |  | 5,221 |  |  |  | 5,135 |  |  |  | 6,460 |
|  | $ | 8,527 |  |  | $ | 6,534 |  |  | $ | 6,200 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (15,038 | ) |  | $ | (749 | ) |  | $ | (6,071 | )
State |  |  | (6,269 | ) |  |  | (480 | ) |  |  | (2,047 | )
Foreign |  |  | 351 |  |  |  | (1,397 | ) |  |  | (101 | )
|  | $ | (20,956 | ) |  | $ | (2,626 | ) |  | $ | (8,219 | )
Total (benefit) provision |  | $ | (12,429 | ) |  | $ | 3,908 |  |  | $ | (2,019 | )
Schedule of Effective Income Tax Rate Reconciliation | The benefit from or provision for income taxes differs from the amount computed by applying the federal statutory income tax rate to the Company’s loss or income before income taxes as follows for the periods indicated:
|  | Years Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Income tax expense at federal statutory rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
State taxes, net of federal tax effect |  |  | 18.0 | % |  |  | (1.7 | )% |  |  | (1.3 | )%
Foreign earnings taxed at different rates |  |  | 21.7 | % |  |  | (6.1 | )% |  |  | (20.5 | )%
Book tax difference in amortization of intangible property |  |  | 0.0 | % |  |  | (4.6 | )% |  |  | 0.0 | %
Withholding tax |  |  | (12.5 | )% |  |  | 3.1 | % |  |  | 5.5 | %
Foreign tax credit |  |  | 3.8 | % |  |  | (3.0 | )% |  |  | (5.2 | )%
Other international components |  |  | (3.5 | )% |  |  | 0.2 | % |  |  | 0.3 | %
Change in valuation allowance |  |  | 2.7 | % |  |  | 1.6 | % |  |  | 2.5 | %
Deferred tax adjustments and rate changes |  |  | (3.4 | )% |  |  | 1.0 | % |  |  | (1.7 | )%
Meals and entertainment |  |  | (1.3 | )% |  |  | 1.3 | % |  |  | 2.6 | %
Non-deductible officers compensation |  |  | (12.5 | )% |  |  | 1.4 | % |  |  | 2.1 | %
Subpart F income |  |  | (2.0 | )% |  |  | 3.2 | % |  |  | 7.0 | %
Research and development tax credit |  |  | 19.9 | % |  |  | (9.3 | )% |  |  | (11.8 | )%
Stock compensation |  |  | 11.8 | % |  |  | 1.8 | % |  |  | 5.8 | %
GILTI, net of foreign tax credit |  |  | (1.1 | )% |  |  | 0.9 | % |  |  | 0.5 | %
FDII |  |  | 3.1 | % |  |  | (1.9 | )% |  |  | (4.5 | )%
Transition Tax |  |  | 0.0 | % |  |  | 0.0 | % |  |  | (15.2 | )%
Other permanent differences |  |  | (3.4 | )% |  |  | 1.3 | % |  |  | 3.0 | %
Total |  |  | 62.3 | % |  |  | 10.2 | % |  |  | (9.9 | )%
Schedule of Effective Tax Rate for (Loss) Income Before Income Taxes | The Company’s U.S. and foreign effective tax rates for (loss) income before income taxes were as follows for the periods indicated:
|  | Years Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
U.S. |  |  | 33.8 | % |  |  | 1.7 | % |  |  | 45.8 | %
Foreign |  |  | 16.7 | % |  |  | 13.2 | % |  |  | 16.4 | %
Combined |  |  | 62.3 | % |  |  | 10.2 | % |  |  | (9.9 | )%
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, |
|  | 2020 |  |  | 2019 |
Deferred tax assets, net: |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 1,690 |  |  | $ | 874 |
Tax credits |  |  | 4,158 |  |  |  | 2,553 |
Intangible assets |  |  | 1,707 |  |  |  | 1,878 |
Deferred revenue adjustment |  |  | 408 |  |  |  | 423 |
Accrued compensation |  |  | 6,527 |  |  |  | 6,257 |
Share-based compensation expense |  |  | 11,410 |  |  |  | 14,182 |
Deferred rent |  |  | 0 |  |  |  | 1,330 |
Digital asset impairment losses |  |  | 19,843 |  |  |  | 0 |
Other |  |  | 3,605 |  |  |  | 1,453 |
Deferred tax assets before valuation allowance |  |  | 49,348 |  |  |  | 28,950 |
Valuation allowance |  |  | (1,259 | ) |  |  | (2,130 | )
Deferred tax assets, net of valuation allowance |  |  | 48,089 |  |  |  | 26,820 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Prepaid expenses and other |  |  | 1,792 |  |  |  | 1,693 |
Property and equipment |  |  | 4,233 |  |  |  | 5,092 |
Debt discount, net of issuance costs |  |  | 41,693 |  |  |  | 0 |
Deferred tax on undistributed foreign earnings |  |  | 1,741 |  |  |  | 0 |
Method change |  |  | 338 |  |  |  | 652 |
Total deferred tax liabilities |  |  | 49,797 |  |  |  | 7,437 |
Total net deferred tax (liability) asset |  | $ | (1,708 | ) |  | $ | 19,383 |
Reported as: |  |  |  |  |  |  |  |
Non-current deferred tax assets, net |  |  | 6,503 |  |  |  | 19,409 |
Non-current deferred tax liabilities |  |  | (8,211 | ) |  |  | (26 | )
Total net deferred tax (liability) asset |  | $ | (1,708 | ) |  | $ | 19,383 |
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, 2020 |  | $ | 1,563 |
Increase related to positions taken in prior period |  |  | 2,580 |
Increase related to positions taken in current period |  |  | 283 |
Decrease related to expiration of statute of limitations |  |  | (133 | )
Unrecognized income tax benefits at December 31, 2020 |  |  | 4,293 |
Accrued interest |  |  | 295 |
Unrecognized income tax benefits recorded in other long-term liabilities at December 31, 2020 |  | $ | 4,588 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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