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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Components of Pretax Loss | The components of the pretax loss are presented in the following table (in thousands):
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
U.S. Domestic |  | $ | (178,313 | ) |  | $ | (146,627 | ) |  | $ | (127,943 | )
Foreign |  |  | (8,602 | ) |  |  | (5,382 | ) |  |  | (16,219 | )
Net loss before taxes |  | $ | (186,915 | ) |  | $ | (152,009 | ) |  | $ | (144,162 | )
Components of Provision for Income Taxes | The components of the provision for income taxes are presented in the following table (in thousands):
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Current income tax provision: |  |  |  |  |  |  |  |  |
Federal |  | $ | 76 |  |  | $ | (764 | ) |  | $ | 123 |
State |  |  | 332 |  |  |  | (140 | ) |  |  | 166 |
Foreign |  |  | 145 |  |  |  | 301 |  |  |  | 66 |
Total current |  |  | 553 |  |  |  | (603 | ) |  |  | 355 |
Deferred income tax provision: |  |  |  |  |  |  |  |  |
Federal |  |  | 37 |  |  |  | 583 |  |  |  | (159 | )
State |  |  | — |  |  |  | 160 |  |  |  | (32 | )
Foreign |  |  | (867 | ) |  |  | (856 | ) |  |  | (1,294 | )
Total deferred |  |  | (830 | ) |  |  | (113 | ) |  |  | (1,485 | )
Total income tax provision |  | $ | (277 | ) |  | $ | (716 | ) |  | $ | (1,130 | )
Schedule of Effective Income Tax Rate Reconciliation | The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to pretax loss as a result of the following differences:
|  | December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Federal statutory rate |  |  | 21.00 | % |  |  | 21.00 | % |  |  | 21.00 | %
Adjustments for tax effects of: |  |  |  |  |  |  |  |  |
State taxes, net |  |  | (0.13 | ) |  |  | 0.03 |  |  |  | (0.07 | )
Stock-based compensation |  |  | (1.12 | ) |  |  | (1.79 | ) |  |  | (0.48 | )
Rate differential |  |  | 0.18 |  |  |  | 0.43 |  |  |  | 0.43 |
Foreign taxes |  |  | (0.07 | ) |  |  | (0.05 | ) |  |  | (0.05 | )
Other permanent adjustments |  |  | (0.21 | ) |  |  | 0.21 |  |  |  | 0.08 |
Credits |  |  | 1.53 |  |  |  | 0.00 |  |  |  | 0.00 |
Federal uncertain tax positions |  |  | (1.50 | ) |  |  | 0.03 |  |  |  | (0.08 | )
Expiration of tax attribute |  |  | (0.09 | ) |  |  | (1.60 | ) |  |  | 0.00 |
Liquidation entries |  |  | 0.00 |  |  |  | 0.86 |  |  |  | 0.00 |
Other |  |  | 0.70 |  |  |  | (0.27 | ) |  |  | (0.13 | )
Valuation allowance |  |  | (20.12 | ) |  |  | (18.38 | ) |  |  | (19.91 | )
Effective income tax rate |  |  | 0.17 | % |  |  | 0.47 | % |  |  | 0.79 | %
Significant Components of Company's Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2023 and 2022 are as follows (in thousands):
|  | December 31, |
|  | 2023 |  |  | 2022 |
Deferred tax assets: |  |  |  |  |  |
Net operating losses |  | $ | 167,389 |  |  | $ | 146,464 |
Interest |  |  | 16,230 |  |  |  | 12,979 |
Capitalized research and development expenses |  |  | 25,633 |  |  |  | 12,062 |
Inventory |  |  | 12,095 |  |  |  | 11,298 |
Lease liability |  |  | 7,268 |  |  |  | 7,975 |
Stock-based compensation |  |  | 14,024 |  |  |  | 5,786 |
Accruals and reserves |  |  | 6,162 |  |  |  | 4,806 |
Legal settlement |  |  | 440 |  |  |  | 2,302 |
Income tax credit carryforwards |  |  | 4,231 |  |  |  | 1,566 |
Total deferred tax assets |  |  | 253,472 |  |  |  | 205,238 |
Valuation allowance |  |  | (211,454 | ) |  |  | (167,860 | )
Total deferred tax assets, net of valuation allowance |  |  | 42,018 |  |  |  | 37,378 |
Deferred tax liabilities: |  |  |  |  |  |
Property and equipment |  |  | (26,367 | ) |  |  | (19,610 | )
Goodwill and intangibles |  |  | (13,399 | ) |  |  | (15,518 | )
Right-of-use assets |  |  | (6,837 | ) |  |  | (7,250 | )
Unrealized foreign exchange gain |  |  | (254 | ) |  |  | (514 | )
Total deferred tax liabilities |  |  | (46,857 | ) |  |  | (42,892 | )
Net deferred tax assets |  | $ | (4,839 | ) |  | $ | (5,514 | )
Summary of Changes to Unrecognized Tax Benefits | The following table summarizes the changes to unrecognized tax benefits (in thousands):
|  | Year ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Unrecognized tax benefit at the beginning of the year |  | $ | 6,079 |  |  | $ | 15,165 |  |  | $ | 2,452 |
Increases in tax positions for current year relating to acquisitions |  |  | — |  |  |  | — |  |  |  | 12,713 |
Increases in tax positions for prior years |  |  | 1,632 |  |  |  | — |  |  |  | — |
Decreases in tax positions for prior years |  |  | — |  |  |  | (8,929 | ) |  |  | — |
Increases in tax positions for current year relating to ongoing operations |  |  | 1,435 |  |  |  | 173 |  |  |  | — |
Decreases in tax positions as a result of a lapse of statute of limitations |  |  | (81 | ) |  |  | (330 | ) |  |  | — |
Unrecognized tax benefits at the end of the year |  | $ | 9,065 |  |  | $ | 6,079 |  |  | $ | 15,165 |

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