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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Components of Loss before Provision for (Benefit from) Income Taxes

The domestic and foreign components of loss before provision for (benefit from) income taxes consisted of the following (in thousands):

		Year Ended December 31,
		2022				2021				2020
Domestic		$	(287,569	)		$	(289,187	)		$	(98,439	)
Foreign			1,104				264				1,279
Total		$	(286,465	)		$	(288,923	)		$	(97,160	)

Provision for (Benefit from) Income Taxes

The provision for (benefit from) income taxes is comprised of the following (in thousands):

		Year Ended December 31,
		2022				2021				2020
Current:
State		$	442			$	480			$	109
Foreign			307				255				209
Total			749				735				318
Deferred:
Federal			(34	)			(17,841	)			(1,072	)
State			93				(6,301	)			(297	)
Foreign			(342	)			(351	)			58
Total			(283	)			(24,493	)			(1,311	)
Provision for (benefit from) income taxes		$	466			$	(23,758	)		$	(993	)

Reconciliation between Income Taxes

The following table provides a reconciliation between income taxes computed at the U.S. federal statutory rate and the Company's provision for (benefit from) income taxes (in thousands):

		Year Ended December 31,
		2022				2021				2020
Computed expected income tax benefit		$	(60,120	)		$	(60,674	)		$	(20,135	)
State income taxes - net of federal income tax benefit			(10,197	)			(17,171	)			(2,450	)
Change in valuation allowance			81,251				94,062				27,984
Non-deductible expenses			6,335				7,399				248
Series I warrant			-				-				7,767
Stock-based compensation			135				(30,523	)			(5,307	)
Tax credits (federal and state)			(16,863	)			(16,957	)			(9,039	)
Foreign rate differential			35				35				(92	)
Other			(110	)			71				31
Provision for (benefit from) income taxes		$	466			$	(23,758	)		$	(993	)

Significant Components of Company's Deferred Tax Assets and Liabilities

Significant components of the Company's deferred tax assets and liabilities are presented below (in thousands):

		December 31,
		2022				2021
Deferred tax assets:
Net operating loss		$	209,795			$	194,839
Tax credits			58,724				42,845
Lease liabilities			23,203				24,032
Stock-based compensation			22,181				24,461
Capitalized software cost			39,582				-
Other			5,013				3,871
Total deferred tax assets			358,498				290,048
Valuation allowance			(282,337	)			(204,182	)
Total deferred tax assets, net			76,161				85,866
Deferred tax liabilities:
Lease assets			(19,296	)			(20,696	)
Acquired intangible assets			(39,497	)			(48,163	)
Capitalized software			-				(6,724	)
Contract cost asset			(15,324	)			(10,179	)
Prepaid and accrued expenses			(2,897	)			(2,021	)
Other			(1,522	)			(1,015	)
Total deferred tax liabilities			(78,536	)			(88,798	)
Total		$	(2,375	)		$	(2,932	)

Summary of Activity Related to Valuation Allowance

The following table summarizes the activity related to the valuation allowance (in thousands):

		Year Ended December 31,
		2022				2021				2020
Beginning balance		$	204,182			$	112,389			$	85,642
Current year change			78,155				114,639				28,123
Release of valuation allowance as a result of purchase    accounting for business combinations			-				(22,846	)			(1,376	)
Ending balance		$	282,337			$	204,182			$	112,389

Summary of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to unrecognized tax benefits (in thousands):

		Year Ended December 31,
		2022				2021				2020
Beginning balance		$	17,010			$	8,369			$	6,749
Increases related to current period positions			5,915				7,158				2,439
(Decreases) increases related to prior period positions			(1,198	)			1,483				(819	)
Ending balance		$	21,727			$	17,010			$	8,369

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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.

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

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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.

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