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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of Components of (loss) before Provision for (benefit from) Income Taxes | The components of (loss) before provision for (benefit from) income taxes are:
(in thousands) | 2022 |  | 2021 |  | 2020
Domestic | $ | (185,820) |  |  | $ | (125,947) |  |  | $ | (59,281) |
Foreign | 24,023 |  |  | (6,040) |  |  | (65,608) |
| $ | (161,797) |  |  | $ | (131,987) |  |  | $ | (124,889) |
Schedule of Components of Provision for (benefit from) Income Taxes | The components of provision for (benefit from) income taxes are:
(in thousands) | 2022 |  | 2021 |  | 2020
Current: |  |  |  |  |
Federal | $ | 3,920 |  |  | $ | 1,921 |  |  | $ | (11,251) |
State | 775 |  |  | 363 |  |  | 399 |
Foreign | 10,200 |  |  | 4,105 |  |  | 7,113 |
Total current provision for (benefit from) | 14,895 |  |  | 6,389 |  |  | (3,739) |
Deferred: |  |  |  |  |
Federal | 149,028 |  |  | (42,214) |  |  | (34,573) |
State | 20,704 |  |  | (9,413) |  |  | (8,119) |
Foreign | (842) |  |  | (23,709) |  |  | (17,085) |
Total deferred provision (benefit) | 168,890 |  |  | (75,336) |  |  | (59,777) |
| $ | 183,785 |  |  | $ | (68,947) |  |  | $ | (63,516) |
Schedule of Reconciliation of Effective Income Tax Rate from Statutory Federal Income Tax Rate | A reconciliation of the U.S federal statutory tax rate and the Company’s effective tax rate:
(in thousands) | 2022 |  | 2021 |  | 2020
U.S. federal income taxes at statutory rates | $ | (33,977) |  |  | $ | (27,717) |  |  | $ | (26,227) |
Valuation allowance | 188,258 |  |  | (469) |  |  | (5,881) |
State income taxes, net of federal benefit and tax credits | (2,433) |  |  | (7,217) |  |  | (6,994) |
Permanent differences | 11,561 |  |  | 541 |  |  | 1,773 |
Federal research and experimentation credits | (5,012) |  |  | (6,380) |  |  | (5,716) |
Tax effects of foreign activities | 3,770 |  |  | 3,599 |  |  | 3,050 |
GILTI, FDII, and BEAT | 16,390 |  |  | — |  |  | — |
Provision to return adjustments | (6,317) |  |  | (2,016) |  |  | 3,416 |
Non-deductible compensation | 4,769 |  |  | 5,464 |  |  | 1,806 |
Expiration of statutes and changes in estimates | 5,673 |  |  | (2,250) |  |  | 55 |
Excess tax benefits related to stock-based compensation | 1,563 |  |  | (20,697) |  |  | (25,797) |
CARES Act | — |  |  | — |  |  | (10,576) |
Impact of change in tax law | (793) |  |  | (11,811) |  |  | 7,489 |
Other | 333 |  |  | 6 |  |  | 86 |
| $ | 183,785 |  |  | $ | (68,947) |  |  | $ | (63,516) |
Schedule of Components of Net Deferred Tax Assets and Liabilities | Significant components of net deferred tax assets and liabilities are:
| December 31,
(in thousands) | 2022 |  | 2021
Deferred tax assets: |  |  |
Net operating loss carryforwards | $ | 109,286 |  |  | $ | 133,164 |
Accruals and reserves | 32,467 |  |  | 38,526 |
Interest expense carryforward | 208 |  |  | 7,759 |
Software revenue | 1,828 |  |  | 336 |
Convertible senior notes | 5,794 |  |  | 8,362 |
Depreciation | 3,698 |  |  | 3,764 |
Tax credit carryforwards | 39,122 |  |  | 40,590 |
Research and development capitalization | 38,425 |  |  | — |
Other | 622 |  |  | 1,015 |
Total deferred tax assets | 231,450 |  |  | 233,516 |
Valuation allowances | (212,808) |  |  | (25,855) |
Total net deferred tax assets | 18,642 |  |  | 207,661 |
Deferred tax liabilities: |  |  |
Capped call transactions | (644) |  |  | (14,961) |
Convertible senior notes | — |  |  | — |
Software revenue | — |  |  | — |
Intangibles | (14,280) |  |  | (12,044) |
Total deferred tax liabilities | (14,924) |  |  | (27,005) |
| $ | 3,718 |  |  | $ | 180,656 |
Schedule of Operating Loss Carryforwards | As of December 31, 2022, the Company’s net operating losses and credit carryforwards are:
(in thousands) | Federal |  | State
Net operating losses (1) | $ | 147,294 |  |  | $ | 10,807 |
Net operating losses due to acquisitions (1) | $ | 27,442 |  |  | $ | 2,849 |
Credit carryforwards (2) | $ | 29,080 |  |  | $ | 1,686 |
Credit carryforwards due to acquisitions | $ | 640 |  |  | $ | 60 |
(1) Excludes federal and state net operating losses of $19.8 million and $0.8 million, respectively, from prior acquisitions that the Company expects will expire unutilized. (2) Excludes federal and state tax credits of $0.1 million and $9.2 million, respectively, that the Company expects will expire unutilized.
Schedule of Credit Carryforwards | As of December 31, 2022, the Company’s net operating losses and credit carryforwards are:
(in thousands) | Federal |  | State
Net operating losses (1) | $ | 147,294 |  |  | $ | 10,807 |
Net operating losses due to acquisitions (1) | $ | 27,442 |  |  | $ | 2,849 |
Credit carryforwards (2) | $ | 29,080 |  |  | $ | 1,686 |
Credit carryforwards due to acquisitions | $ | 640 |  |  | $ | 60 |
(1) Excludes federal and state net operating losses of $19.8 million and $0.8 million, respectively, from prior acquisitions that the Company expects will expire unutilized. (2) Excludes federal and state tax credits of $0.1 million and $9.2 million, respectively, that the Company expects will expire unutilized.
Schedule of Reconciliation of Beginning and Ending Balances of Gross Unrecognized Tax Benefits | A rollforward of the Company’s gross unrecognized tax benefits is:
(in thousands) | 2022 |  | 2021 |  | 2020
Balance as of January 1, | $ | 17,584 |  |  | $ | 23,801 |  |  | $ | 23,271 |
Additions for tax positions related to the current year | 1,706 |  |  | 653 |  |  | 653 |
Additions for tax positions of prior years | 728 |  |  | — |  |  | 962 |
Reductions for tax positions of prior years | (272) |  |  | (6,870) |  |  | (1,085) |
Balance as of December 31, | $ | 19,746 |  |  | $ | 17,584 |  |  | $ | 23,801 |

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