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v3.24.0.1

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
--- | --- | --- | --- | ---
Deferred tax assets: |  |  |  |
Net operating loss carryforwards | $ 7,972 | $ 37,290 |  |
Tax credits | 45,127 | 41,934 |  |
Accruals and reserves | 10,779 | 9,236 |  |
Capitalized research expenses | 41,611 | 22,960 |  |
Stock-based compensation | 9,110 | 12,478 |  |
UNICAP adjustments | 12,441 | 10,810 |  |
ASC 842 Lease Liabilities | 56,584 | 57,161 |  |
Foreign Withholding Tax | 1,078 | 0 |  |
Other | 2,787 | 2,901 |  |
Gross deferred tax assets | 187,489 | 194,770 |  |
Valuation allowance | (23,957) | (46,693) | $ (37,110) | $ (28,768)
Total deferred tax assets | 163,532 | 148,077 |  |
Deferred tax liabilities: |  |  |  |
Depreciation and amortization | (26,327) | (29,781) |  |
ASC 842 Lease ROU Assets | (53,093) | (54,786) |  |
Other | (3) | (257) |  |
Total deferred tax liabilities | (79,423) | (84,824) |  |
Net deferred tax assets | $ 84,109 | $ 63,253 |  |

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