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Income Taxes (Tables) - Planet Labs Inc [Member] | 12 Months Ended
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Jan. 31, 2021
Summary of loss before income taxes | The components of the loss before income taxes are as follows:
|  | Year Ended January 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Domestic |  | $ | (127,599 | ) |  | $ | (123,760 | )
Foreign |  |  | 1,569 |  |  |  | 176 |
Total loss before income taxes |  | $ | (126,030 | ) |  | $ | (123,584 | )
Summary of provision for (benefit from) income taxes | The provision for (benefit from) income taxes consists of the following (in thousands):
|  | Year Ended January 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Current |  |  |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | — |
State |  |  | 23 |  |  |  | 29 |
Foreign |  |  | 1,095 |  |  |  | 500 |
Total current tax provision |  |  | 1,118 |  |  |  | 529 |
Deferred |  |  |  |  |  |  |  |
Federal |  |  | 60 |  |  |  | — |
State |  |  | 30 |  |  |  | — |
Foreign |  |  | (135 | ) |  |  | (399 | )
Total deferred tax benefit |  |  | (45 | ) |  |  | (399 | )
Income tax provision |  | $ | 1,073 |  |  | $ | 130 |
Summary of company's effective tax rates as a percentage of loss before income taxes | A reconciliation between the U.S. federal statutory income tax and the Company’s effective tax rates as a percentage of loss before income taxes is as follows:
|  | Year Ended January 31, |
|  | 2021 |  |  | 2020 |
Provision computed at federal statutory rate |  |  | 21.0 | % |  |  | 21.0 | %
States taxes, net of federal benefit |  |  | 2.4 |  |  |  | 2.4 |
Foreign rate differential |  |  | (0.8 | ) |  |  | (1.0 | )
Revaluation gain/loss |  |  | (5.0 | ) |  |  | 0.1 |
Tax credits |  |  | 2.3 |  |  |  | 2.0 |
Change in valuation allowance |  |  | (21.3 | ) |  |  | (23.9 | )
Other |  |  | 0.5 |  |  |  | (0.7 | )
Effective tax rate |  |  | (0.9 | )% |  |  | (0.1 | )%
Summary of company's deferred tax assets and liabilities | The components of the Company’s deferred tax assets and liabilities are as follows:
|  | Year Ended January 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Deferred tax assets |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 92,570 |  |  | $ | 78,452 |
Tax Credit carryforwards |  |  | 17,679 |  |  |  | 14,772 |
Stock-based compensation |  |  | 4,013 |  |  |  | 3,033 |
Deferred revenue |  |  | 5,239 |  |  |  | 10,356 |
Excess interest expense |  |  | 6,799 |  |  |  | 4,253 |
Other |  |  | 4,826 |  |  |  | 4,040 |
Total deferred tax assets |  |  | 131,126 |  |  |  | 114,906 |
Valuation allowance |  |  | (126,270 | ) |  |  | (102,758 | )
Total deferred tax assets |  |  | 4,856 |  |  |  | 12,148 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Property and equipment |  |  | — |  |  |  | (6,816 | )
Intangible assets |  |  | (4,432 | ) |  |  | (4,953 | )
Total deferred tax liabilities |  |  | (4,432 | ) |  |  | (11,769 | )
Net deferred tax assets |  | $ | 424 |  |  | $ | 379 |
Summary of net change in the total valuation allowance | The net change in the total valuation allowance is as follows:
|  | Year Ended January 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Valuation allowance, beginning of year |  | $ | 102,758 |  |  | $ | 73,155 |
Change in valuation allowance |  |  | 23,512 |  |  |  | 29,603 |
Valuation allowance, end of year |  | $ | 126,270 |  |  | $ | 102,758 |
Summary of company's unrecognized tax benefits | The Company’s unrecognized tax benefits are as follows:
|  | Year Ended January 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Beginning of year |  | $ | 3,918 |  |  | $ | 3,234 |
Additions based on tax positions related to the current year |  |  | 796 |  |  |  | 684 |
End of year |  | $ | 4,714 |  |  | $ | 3,918 |

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- 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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- 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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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- 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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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- 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 http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of the change in unrecognized tax benefits, excluding amounts pertaining to examined tax returns. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 + Details
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- 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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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