XML 66 R48.htm IDEA: XBRL DOCUMENT v3.20.4

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and International

The components of income before income taxes consist of the following:

			Year Ended December 31,
			2020						2019						2018
Domestic			$	61,470					$	61,691					$	56,426
International			106,150						66,418						56,436
Income before income taxes			$	167,620					$	128,109					$	112,862

Schedule of Components of Income Tax

The (provision) benefit for income taxes consists of the following:

			Year Ended December 31,
			2020						2019						2018
Current:
Federal			$	(11,094)					$	(7,696)					$	(18,634)
State			(3,597)						(2,486)						(873)
Foreign			(7,688)						(12,824)						(11,303)
			(22,379)						(23,006)						(30,810)
Deferred:
Federal			(5,194)						(2,389)						7,655
State			(1,272)						(412)						(508)
Foreign			(9,780)						2,069						52,913
			(16,246)						(732)						60,060
(Provision) benefit for income taxes			$	(38,625)					$	(23,738)					$	29,250

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the U.S. statutory federal income tax rate to the Company’s effective income tax rate is as follows:

			Year Ended December 31,
			2020						2019						2018
Federal statutory rate			21.0		%				21.0		%				21.0		%
State income taxes, net of federal benefit			2.9						2.0						0.9
Permanent book/tax differences			(0.6)						0.2						(0.2)
Stock‑based compensation			(5.2)						(2.3)						(2.4)
Non-deductible officer compensation			4.6						—						—
Expenses associated with IPO			3.3						—						—
Tax credits			(2.1)						(3.6)						(3.3)
Foreign tax rate differential			(2.0)						(2.8)						(4.2)
Income tax reserves			(0.5)						0.9						(0.2)
Intercompany sales of certain operating assets			—						—						(41.1)
Net tax on foreign earnings (GILTI/FDII/FTC)			0.5						6.1						—
Other			1.1						(3.0)						(0.2)
U.S. tax reform			—						—						3.8
Effective income tax rate			23.0		%				18.5		%				(25.9)		%

Schedule of Deferred Tax Assets and Liabilities

The following is a summary of the significant components of the Company’s deferred tax assets and liabilities:

			December 31,
			2020						2019
Deferred tax assets:
Accrued compensation			$	31,580					$	36,195
Net operating loss (“NOL”) and credit carryforwards			7,573						11,544
Intangible assets including goodwill			283						10,371
Other accruals not currently deductible			346						960
Allowance for doubtful accounts			382						472
Other comprehensive income			431						394
Lease liabilities			10,466						—
Other			138						239
Total deferred tax assets			51,199						60,175
Less: Valuation allowance			(1,207)						(2,329)
Net deferred tax assets			49,992						57,846
Deferred tax liabilities:
Deferred revenues			(7,257)						(12,830)
Property and equipment			(1,989)						(707)
Operating lease right-of-use assets			(10,070)						—
Prepaid expenses			(2,301)						(1,501)
Total deferred tax liabilities			(21,617)						(15,038)
Net deferred tax assets (liabilities)			$	28,375					$	42,808

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a reconciliation of the total amounts of unrecognized tax benefits:

			Year Ended December 31,
			2020						2019						2018
Unrecognized tax benefit, beginning of year			$	1,763					$	638					$	872
Tax positions related to prior years:
Additions			1,436						1,222						80
Reductions			(1,723)						(86)						(39)
Lapse of statute of limitations			(253)						(11)						(275)
Unrecognized tax benefit, end of year			$	1,223					$	1,763					$	638

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=121610041&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-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

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration