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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

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,
			2023						2022						2021
Domestic			$	16,652					$	98,188					$	(14,544)
International			166,875						100,087						107,873
Income before income taxes			$	183,527					$	198,275					$	93,329

Schedule of Components of Income Tax

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

			Year Ended December 31,
			2023						2022						2021
Current:
Federal			$	(12,899)					$	(2,307)					$	770
State			(2,567)						(1,387)						163
Foreign			(40,171)						(22,715)						(17,230)
			(55,637)						(26,409)						(16,297)
Deferred:
Federal			134,516						3,547						15,182
State			29,514						60						3,660
Foreign			34,848						1,519						903
			198,878						5,126						19,745
Benefit (provision) for income taxes			$	143,241					$	(21,283)					$	3,448

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,
			2023						2022						2021
Federal statutory rate			21.0		%				21.0		%				21.0		%
State and local income taxes, net of federal benefit			(0.3)						1.0						(2.7)
Stock-based compensation			(22.9)						(21.4)						(52.5)
Non-deductible officer compensation			14.9						11.0						36.6
Tax credits			(5.8)						(2.9)						(6.1)
Withholding taxes			4.9						2.8						5.8
Foreign tax rate differential			(3.0)						(2.0)						(6.9)
Net tax on foreign earnings (GILTI/FDII)			4.2						0.9						—
Transaction costs			(0.1)						0.5						3.9
Tax impact of internal legal entity restructuring			(93.1)						—						—
Other			2.2						(0.2)						(2.8)
Effective income tax rate			(78.0		%)				10.7		%				(3.7		%)

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,
			2023						2022
Deferred tax assets:
Accrued compensation			$	38,220					$	35,298
NOL and credit carryforwards			19,677						14,960
Intangible assets including goodwill			137,576						—
Convertible debt and 163(j) limitation			14,364						13,349
Lease liabilities			7,610						8,920
Other accruals not currently deductible			502						1,122
Allowance for doubtful accounts			1,852						1,856
Deferred revenues			4,402						2,914
Other			2,852						2,383
Total deferred tax assets			227,055						80,802
Less: Valuation allowance			(2,664)						(3,321)
Net deferred tax assets			224,391						77,481
Deferred tax liabilities:
Intangible assets including goodwill			—						(51,994)
Operating lease right-of-use assets			(6,762)						(8,381)
Prepaid expenses			(2,746)						(2,877)
Unrealized gains and losses			(8,131)						(9,422)
Property and equipment			(3,639)						(3,406)
Total deferred tax liabilities			(21,278)						(76,080)
Net deferred tax assets (liabilities)			$	203,113					$	1,401

Summary of Operating Loss Carryforwards

The Company had deferred tax assets for tax credits and NOLs, net of unrecognized tax positions, primarily related to:

Jurisdiction:			December 31, 2023						Begin to Expire
U.S. Federal NOL			$	3,497					2034
U.S. Federal research and development credits			201						2039
U.S. Federal foreign tax credits			340						2028
U.S. State NOL			1,530						2036
U.S. State research and development credits			667						2030
U.K. NOL			6,759						Indefinite
U.K. research and development credits			760						Indefinite
Canadian research and development credit			1,037						2030

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a reconciliation of the changes in gross unrecognized tax benefits:

			Year Ended December 31,
			2023						2022						2021
Gross unrecognized tax benefits, beginning of year			$	910					$	1,331					$	1,223
Increases for tax positions of prior years			12						—						160
Decreases for tax positions of prior years			(9)						(121)						(42)
Increases for tax positions related to the current year			—						—						—
Decreases relating to settlements with taxing authorities			—						(35)						—
Reductions as a result of lapse of the statute of limitations			(447)						(265)						(10)
Gross unrecognized tax benefits, end of year			$	466					$	910					$	1,331

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