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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Domestic and Foreign Components of Loss before Provision for Income Taxes

The domestic and foreign components of income before income taxes consisted of the following:

			Years Ended December 31,
			2022						2021						2020
			(In thousands)
United States			$	417,636					$	102,886					$	112,727
Foreign			34,412						18,042						6,683
Income before income taxes			$	452,048					$	120,928					$	119,410

Schedule of Provision for Income Taxes

The income taxes provision for (benefit from) the years presented is as follows:

			Years Ended December 31,
			2022						2021						2020
			(In thousands)
Current:
Federal			$	34,499					$	—					$	—
State			9,719						488						636
Foreign			10,605						6,232						1,896
			54,823						6,720						2,532
Deferred:
Federal			(6,245)						(28,398)						(13,445)
State			3,803						(4,380)						(3,672)
Foreign			2,305						1,537						—
			(137)						(31,241)						(17,117)
Income taxes provision for (benefit from)			$	54,686					$	(24,521)					$	(14,585)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the income taxes provision (benefit) and the amount computed by applying the statutory federal income tax rate of 21% to income before income taxes for the years presented is as follows:

			Years Ended December 31,
			2022						2021						2020
			(In thousands)
Income tax provision (benefit) at statutory federal rate			$	94,926					$	27,681					$	25,076
State taxes, net of federal benefit			9,980						489						(3,098)
Foreign tax rate and tax law differential			4,905						1,073						611
Tax credits			(19,864)						(15,632)						(5,835)
Stock-based compensation			(45,551)						(80,950)						(50,818)
Other permanent items			4,149						178						(253)
Other nondeductible/nontaxable items			(62)						2,316						1,525
Uncertain tax positions			6,073						6,911						1,530
Foreign-derived intangible income deduction			(9,161)						—						—
Section 162(m)			9,291						25,812						11,469
Convertible notes settlements			—						8,223						—
Warrant mark-to-mark adjustment			—						(622)						5,208
Income tax provision (benefit)			$	54,686					$	(24,521)					$	(14,585)

Schedule of Deferred Tax Assets and Liabilities

A summary of significant components of the Company’s deferred tax assets and liabilities as of December 31, 2022 and 2021 is as follows:

			December 31,
			2022						2021
			(In thousands)
Deferred tax assets:
Allowances and reserves			$	40,166					$	18,764
Net operating loss and tax credit carryforwards			26,748						65,699
Stock-based compensation			20,230						12,935
Deferred revenue			40,120						27,778
Fixed assets, goodwill and intangibles (1)			609						7,906
Sec. 163(j) interest carryforward			—						10,749
Convertible notes and related hedges			49,405						—
Capitalized research and development expense			47,870						—
Other			11,099						1,609
Subtotal			236,247						145,440
Total deferred tax assets			236,247						145,440
Deferred tax liabilities:
Unremitted foreign earnings			(3,755)						(2,226)
Deferred cost of goods sold			(32,449)						(23,713)
Total deferred tax liabilities			(36,204)						(25,939)
Net deferred tax asset			$	200,043					$	119,501

(1)    The fixed assets, goodwill and intangibles amount for the year ended December 31, 2021 is presented net of deferred tax liabilities related to goodwill.

Schedule of Reconciliation of Total Amounts of Unrecognized Tax Benefits

A tabular reconciliation of the total amounts of unrecognized tax benefits for the years presented is as follows (in thousands):

			Years Ended December 31,
			2022						2021						2020
Unrecognized tax benefits—at beginning of year			$	20,904					$	8,421					$	6,589
Increases (decreases) in balances related to tax positions taken in prior years			(4,786)						4,391						—
Increases in balances related to tax positions taken in current year			6,562						8,301						2,006
Settlements			(657)						—						—
Lapses in statutes of limitations			(255)						(209)						(174)
Unrecognized tax benefits—at end of year			$	21,768					$	20,904					$	8,421

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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 for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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