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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
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,
| 2021 |  | 2020 |  | 2019
Domestic | $ | (14,544) |  |  | $ | 61,470 |  |  | $ | 61,691 |
International | 107,873 |  |  | 106,150 |  |  | 66,418 |
Income before income taxes | $ | 93,329 |  |  | $ | 167,620 |  |  | $ | 128,109 |
Schedule of Components of Income Tax | The (provision) benefit for income taxes consists of the following:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Current: |  |  |  |  |
Federal | $ | 770 |  |  | $ | (11,094) |  |  | $ | (7,696) |
State | 163 |  |  | (3,597) |  |  | (2,486) |
Foreign | (17,230) |  |  | (7,688) |  |  | (12,824) |
| (16,297) |  |  | (22,379) |  |  | (23,006) |
Deferred: |  |  |  |  |
Federal | 15,182 |  |  | (5,194) |  |  | (2,389) |
State | 3,660 |  |  | (1,272) |  |  | (412) |
Foreign | 903 |  |  | (9,780) |  |  | 2,069 |
| 19,745 |  |  | (16,246) |  |  | (732) |
Benefit (provision) for income taxes | $ | 3,448 |  |  | $ | (38,625) |  |  | $ | (23,738) |
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,
| 2021 |  | 2020 |  | 2019
Federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income taxes, net of federal benefit | (2.7) |  |  | 2.9 |  |  | 2.0 |
Stock-based compensation | (52.5) |  |  | (5.2) |  |  | (2.3) |
Non-deductible officer compensation | 36.6 |  |  | 4.6 |  |  | — |
Tax credits | (6.1) |  |  | (2.1) |  |  | (3.6) |
Transaction costs | 3.9 |  |  | — |  |  | — |
Foreign tax rate differential | (1.1) |  |  | (2.0) |  |  | (2.8) |
Permanent book/tax differences | (1.0) |  |  | (0.6) |  |  | 0.2 |
Income tax reserves | 0.1 |  |  | (0.5) |  |  | 0.9 |
Expenses associated with IPO | — |  |  | 3.3 |  |  | — |
Net tax on foreign earnings (GILTI/FDII/FTC) | — |  |  | 0.5 |  |  | 6.1 |
Other | (1.9) |  |  | 1.1 |  |  | (3.0) |
Effective income tax rate | (3.7) | % |  | 23.0 | % |  | 18.5 | %
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,
| 2021 |  | 2020
Deferred tax assets: |  |  |
Accrued compensation | $ | 39,125 |  |  | $ | 31,580 |
Net operating loss (“NOL”) and credit carryforwards | 28,698 |  |  | 7,573 |
Intangible assets | 19,942 |  |  | 283 |
Capped call options and 163(j) interest disallowance | 15,682 |  |  | — |
Lease liabilities | 10,540 |  |  | 10,466 |
Other accruals not currently deductible | 2,006 |  |  | 346 |
Allowance for doubtful accounts | 918 |  |  | 382 |
Other comprehensive income | 354 |  |  | 431 |
Other | 1,497 |  |  | 138 |
Total deferred tax assets | 118,762 |  |  | 51,199 |
Less: Valuation allowance | (1,899) |  |  | (1,207) |
Net deferred tax assets | 116,863 |  |  | 49,992 |
Deferred tax liabilities: |  |  |
Intangible assets including goodwill | (90,258) |  |  | — |
Operating lease right-of-use assets | (10,196) |  |  | (10,070) |
Deferred revenues | (3,421) |  |  | (7,257) |
Prepaid expenses | (2,739) |  |  | (2,301) |
Unrealized gains and losses | (2,387) |  |  | — |
Property and equipment | (1,500) |  |  | (1,989) |
Total deferred tax liabilities | (110,501) |  |  | (21,617) |
Net deferred tax assets (liabilities) | $ | 6,362 |  |  | $ | 28,375 |
Schedule of Unrecognized Tax Benefits Roll Forward | The following is a reconciliation of the total amounts of unrecognized tax benefits:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Unrecognized tax benefit, beginning of year | $ | 1,223 |  |  | $ | 1,763 |  |  | $ | 638 |
Tax positions related to prior years: |  |  |  |  |
Additions | 160 |  |  | 1,436 |  |  | 1,222 |
Reductions | (42) |  |  | (1,723) |  |  | (86) |
Lapse of statute of limitations | (10) |  |  | (253) |  |  | (11) |
Unrecognized tax benefit, end of year | $ | 1,331 |  |  | $ | 1,223 |  |  | $ | 1,763 |

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