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Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Domestic/Foreign Pre-tax Income

Our domestic/foreign pre-tax income consists of the following components for 2023, 2022 and 2021 (in thousands):

			For the Year Ended December 31,
			2023						2022						2021
Pre-Tax Income by Jurisdiction
Domestic			$	242,780					$	129,072					$	77,943
Foreign			(8,170)						(11,509)						(20,387)
Total			$	234,610					$	117,563					$	57,556

Schedule of Income Tax Provision

Our income tax provision consists of the following components for 2023, 2022 and 2021 (in thousands):

			For the Year Ended December 31,
			2023						2022						2021
Current
Federal			$	45,816					$	657					$	(291)
State			(229)						931						797
Foreign source withholding tax			12,444						5,754						22,415
			58,031						7,342						22,921
Deferred
Federal			(41,922)						(17,022)						(43,250)
State			615						527						792
Foreign			(9,759)						—						—
Foreign source withholding tax			16,592						34,655						34,905
			(34,474)						18,160						(7,553)
Total			$	23,557					$	25,502					$	15,368

Schedule of Deferred Tax Assets and Liabilities

The deferred tax assets and liabilities were comprised of the following components at December 31, 2023 and 2022 (in thousands):

			December 31,
			2023						2022
Net operating losses			$	112,634					$	114,975
Deferred revenue, net			48,590						3,457
Capitalized research and development			21,213						9,423
Amortization and depreciation			21,101						19,608
Debt amortization			16,093						24,029
Other employee benefits			8,434						10,542
Share-based compensation			6,649						4,803
Lease liability			3,339						3,402
Tax credit carryforward			23						27,212
Other			—						2,504
Deferred tax asset			238,076						219,955
Less: valuation allowance			(104,830)						(122,218)
Net deferred tax asset			133,246						97,737
Right of use asset			(2,610)						(3,464)
Other			(1,697)						—
Deferred tax liability			(4,307)						(3,464)
Net deferred tax asset			$	128,939					$	94,273

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of income taxes at the federal statutory rate with income taxes recorded by the Company for the years ended December 31, 2023, 2022 and 2021:

			For the Year Ended December 31,
			2023						2022						2021
Tax at U.S. statutory rate			21.0		%				21.0		%				21.0		%
Non-deductible officers' compensation			1.4		%				1.5		%				8.4		%
Other permanent differences			0.8		%				1.2		%				1.9		%
State tax provision			0.2		%				1.1		%				2.6		%
Non-creditable withholding taxes			0.1		%				0.4		%				4.4		%
Foreign derived intangible income deduction			(7.1)		%				(5.3)		%				(14.7)		%
Change in valuation allowance (b)			(2.2)		%				2.4		%				10.3		%
Share-based compensation			(1.3)		%				0.3		%				(1.2)		%
Effect of rates different than statutory			(0.8)		%				(0.1)		%				(2.2)		%
Research and development tax credits			(0.6)		%				(1.7)		%				(1.3)		%
Uncertain tax positions			(0.4)		%				1.5		%				5.5		%
Amended return benefit (a)			—		%				—		%				(7.7)		%
Other			(1.1)		%				(0.6)		%				—		%
Total tax provision			10.0		%				21.7		%				27.0		%

(a) In 2021, a net discrete benefit of was recorded that primarily related to an amendment of prior year returns to utilize a tax asset generated in the current year.

(b) In 2023, the Company recorded a partial release of the valuation allowance it has in France due to income projected driven by recently signed agreements.

Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible

The following is a roll forward of our total gross unrecognized tax benefits, which if reversed would impact the effective tax rate, for the fiscal years 2023 through 2021 (in thousands):

			December 31,
			2023						2022						2021
Balance as of January 1			$	16,052					$	15,694					$	3,803
Tax positions related to current year:
Additions			91						1,264						46
Tax positions related to prior years:
Additions			—						45						12,831
Reductions			(1,758)						(951)						(4)
Lapses in statues of limitations			—						—						(982)
Balance as of December 31			$	14,385					$	16,052					$	15,694

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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 unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination.

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