XML 59 R44.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The provision (benefit) for income taxes consists of the following for the periods indicated (in thousands):
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Current tax provision: |  |  |  |  |
U.S. federal | $ | 73,974 |  |  | $ | 12,419 |  |  | $ | 25,118 |
U.S. state | 15,175 |  |  | 9,748 |  |  | 7,955 |
Non-U.S. | 16,394 |  |  | 23,564 |  |  | 17,033 |
Total current tax provision | 105,543 |  |  | 45,731 |  |  | 50,106 |
Deferred tax benefit: |  |  |  |  |
U.S. federal | (68,194) |  |  | (8,699) |  |  | (46,101) |
U.S. state | (15,589) |  |  | (7,429) |  |  | (14,842) |
Non-U.S. | (2,282) |  |  | (5,564) |  |  | (11,484) |
Total deferred tax (benefit) | (86,065) |  |  | (21,692) |  |  | (72,427) |
Total provision (benefit) for income taxes | $ | 19,478 |  |  | $ | 24,039 |  |  | $ | (22,321) |
Schedule of Income before Income Tax, Domestic and Foreign | The components of income (loss) before income taxes attributable to the U.S. and non-U.S. operations are as follows (in thousands):
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
U.S. | $(49,957) |  | $ | (120,874) |  |  | $ | (199,087) |
Non-U.S. | 15,760 |  |  | 44,984 |  |  | 8,879 |
Loss before income taxes | $(34,197) |  | $ | (75,890) |  |  | $ | (190,208) |
Schedule of Effective Income Tax Rate Reconciliation |
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Income tax benefit computed at statutory tax rate | $ | (7,177) |  |  | $ | (15,912) |  |  | $ | (47,194) |
State taxes, net of federal benefit | 327 |  |  | 750 |  |  | (5,441) |
Foreign earnings taxed at different rates | 4,115 |  |  | 2,950 |  |  | 9,858 |
Stock-based compensation | 9,504 |  |  | 1,729 |  |  | 1,023 |
Return to provision true-up | 1,794 |  |  | 114 |  |  | 9,365 |
Research and development tax credits | (3,574) |  |  | (3,067) |  |  | (2,259) |
Deferred distribution taxes | 906 |  |  | 2,209 |  |  | 1,881 |
Foreign Inclusions | 15,691 |  |  | 3,144 |  |  | 5,863 |
Withholding taxes | 4,354 |  |  | 5,729 |  |  | 3,586 |
IRS audit settlement | — |  |  | (4,990) |  |  | — |
Valuation allowance | (6,214) |  |  | 30,768 |  |  | 1,938 |
Other | (248) |  |  | 615 |  |  | (941) |
Total income tax provision (benefit) | $ | 19,478 |  |  | $ | 24,039 |  |  | $ | (22,321) |
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):
| Year Ended December 31,
| 2022 |  | 2021
Deferred tax assets: |  |  |
Net operating loss carry forwards | $ | 17,118 |  |  | $ | 21,726 |
Tax credit carry forwards | 28,790 |  |  | 31,910 |
Reserves and accrued costs not currently deductible | 14,465 |  |  | 14,653 |
Deferred revenue | 92,789 |  |  | 76,773 |
Unrealized gains or losses | 4,091 |  |  | 3,591 |
Disallowed interest expense | 64,754 |  |  | 88,204 |
Stock-based compensation | 15,796 |  |  | 9,021 |
Lease liability | 10,446 |  |  | 15,070 |
R&D capitalization | 57,751 |  |  | — |
Depreciable assets | 1,262 |  |  | 173 |
Other | 195 |  |  | 486 |
Gross deferred tax assets | 307,457 |  |  | 261,607 |
Valuation allowance | (124,794) |  |  | (128,108) |
Net deferred tax assets | 182,663 |  |  | 133,499 |
Deferred tax liabilities: |  |  |
Deferred distribution tax | (10,423) |  |  | (8,969) |
Intangible assets | (129,426) |  |  | (170,482) |
Deferred commissions | (39,784) |  |  | (32,537) |
Right of use assets | (8,558) |  |  | (13,102) |
Total deferred tax liabilities | (188,191) |  |  | (225,090) |
Net deferred tax liabilities | $ | (5,528) |  |  | $ | (91,591) |
Schedule of Valuation Allowance | A reconciliation of the beginning and ending amount of valuation allowances is as follows (in thousands):
Valuation allowance on deferred tax assets: |  | Balance at Beginning of Period |  | (Charged) Credited to Expenses / Other |  | Balance at Ending of Period
Year ended December 31, 2020 |  | $ | (96,411) |  |  | $ | 12,560 |  |  | $ | (83,851) |
Year ended December 31, 2021 |  | $ | (83,851) |  |  | $ | (44,257) |  |  | $ | (128,108) |
Year ended December 31, 2022 |  | $ | (128,108) |  |  | $ | 3,314 |  |  | $ | (124,794) |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
| December 31,
| 2022 |  | 2021 |  | 2020
Beginning balance | $ | 43,044 |  |  | $ | 65,843 |  |  | $ | 62,730 |
Additions for tax positions of prior years | 7,187 |  |  | 237 |  |  | 1,765 |
Reductions for tax positions of prior years | (1,569) |  |  | (2,087) |  |  | (825) |
Additions based on tax positions related to the current year | 3,813 |  |  | 4,432 |  |  | 4,332 |
Reductions due to lapse of statute of limitations | (595) |  |  | (480) |  |  | (442) |
Reductions due to settlements | — |  |  | (24,901) |  |  | (1,717) |
Ending balance | $ | 51,880 |  |  | $ | 43,044 |  |  | $ | 65,843 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI https://asc.fasb.org/extlink&oid=126976462&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration