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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of income before income tax, domestic and foreign

Loss before provision for taxes consisted of the following:

						Year Ended December 31,
(In thousands)						2024						2023						2022
Loss before income taxes:
Domestic						$	(1,036,306)					$	(204,128)					$	(617,240)
Foreign						145						2,382						(15,330)
Total loss before income taxes						$	(1,036,161)					$	(201,746)					$	(632,570)

Schedule of expense (benefit) for income taxes

The expense (benefit) for income taxes consists of:

						Year Ended December 31,
(In thousands)						2024						2023						2022
Current expense (benefit):
Federal						$	—					$	—					$	—
State						933						2,266						2,170
Foreign						1,882						2,561						1,131
Deferred tax expense (benefit):
Federal						(4,775)						2,395						(3,292)
State						(5,145)						(1,829)						(8,926)
Foreign						(199)						(2,990)						(147)
Total income tax expense (benefit)						$	(7,304)					$	2,403					$	(9,064)

Schedule of components of the net deferred tax asset

The components of the net deferred tax asset with the approximate income tax effect of each type of carryforward, credit and temporary differences are as follows:

						December 31,
(In thousands)						2024						2023
Deferred tax assets:
Operating loss carryforwards						$	452,410					$	477,420
Tax credit carryforwards						121,635						104,580
Compensation related differences						72,349						85,007
Lease liabilities						47,199						47,118
Capitalized research and development						251,760						191,468
Other temporary differences						7,271						10,275
Tax assets before valuation allowance						952,624						915,868
Less - Valuation allowance						(708,788)						(465,832)
Total deferred tax assets						243,836						450,036
Deferred tax liabilities
Amortization						$	(205,764)					$	(415,064)
Property, plant and equipment						(7,160)						(9,465)
Lease assets						(31,266)						(35,786)
Other temporary differences						(6,816)						(7,010)
Total deferred tax liabilities						(251,006)						(467,325)
Net deferred tax liabilities						$	(7,170)					$	(17,289)

Summary of valuation allowance

Activity associated with the Company's valuation allowance is as follows:

						December 31,
(In thousands)						2024						2023						2022
Balance as of January 1,						$	(465,832)					$	(419,356)					$	(262,238)
Valuation allowances established						(241,849)						(44,759)						(159,919)
Changes to existing valuation allowances						(1,107)						(1,242)						2,780
Acquisition and purchase accounting						—						(475)						21
Balance as of December 31,						$	(708,788)					$	(465,832)					$	(419,356)

Schedule of differences between the effective income tax rate and the statutory tax rate

The effective tax rate differs from the statutory tax rate due to the following:

			December 31,
			2024						2023						2022
U.S. Federal statutory rate			21.0		%				21.0		%				21.0		%
State taxes			3.0						3.9						3.9
Federal and state tax rate changes			—						1.1						(0.2)
Foreign tax rate differential			0.1						—						(0.1)
Research and development tax credits			1.6						7.6						2.3
Stock-based compensation expense			(1.0)						(4.4)						(2.0)
Non-deductible executive compensation			(0.5)						(3.5)						(0.4)
Loss on extinguishment - convertible debt			—						(0.7)						—
Other adjustments			(0.1)						(2.5)						1.2
Valuation allowance			(23.5)						(23.7)						(24.4)
Effective tax rate			0.6		%				(1.2)		%				1.3		%

Schedule of unrecognized tax benefits

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

						December 31,
(In thousands)						2024						2023						2022
January 1,						$	36,399					$	28,270					$	21,780
Increase due to current year tax positions						7,322						7,447						5,861
Increase due to prior year tax positions						—						1,108						629
Decrease due to prior year tax positions						(377)						(426)						—
December 31,						$	43,344					$	36,399					$	28,270

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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.

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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.

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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 of the change in unrecognized tax benefits.

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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