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Income Taxes (Tables)

6 Months Ended

Jun. 30, 2020

Income Tax Disclosure [Abstract]

Summary of Deferred Tax Asset Recorded

A summary of the components of the Company’s deferred tax assets at June 30, 2020 and December 31, 2019 are as follows:

		June 30, 2020				December 31, 2019
Deferred tax assets:
Capital losses		$	16,789			$	8,226
Operating lease liabilities			5,196				5,529
Interest carryforwards			3,116				2,615
NOLs – International			1,880				6,721
Goodwill and intangible assets			1,574				1,671
Stock-based compensation			1,247				1,754
Accrued expenses			1,044				4,054
NOLs – U.S.			514				642
Outside basis differences			123				123
Other			113				218
Deferred tax assets			31,596				31,553
Deferred tax liabilities:
Right of use assets – operating leases			4,114				4,400
Fixed assets and prepaid assets			1,370				1,326
Allocated equity component of convertible note			1,004				—
Unrealized gains			776				744
Deferred tax liabilities			7,264				6,470
Total deferred tax assets less deferred tax liabilities			24,332				25,083
Less: valuation allowance			(18,792	)			(17,685	)
Deferred tax assets, net		$	5,540			$	7,398

Schedule of Changes in Balance of Gross Unrecognized Tax Benefits

The table below sets forth the aggregate changes in the balance of these gross unrecognized tax benefits during the three and six months ended June 30, 2020:

		Total				Unrecognized Tax Benefits				Interest and Penalties
Balance on January 1, 2020		$	32,101			$	25,998			$	6,103
Decrease - Lapse of statute of limitations(1)			(5,981	)			(4,620	)			(1,361	)
Increases			76				—				76
Foreign currency translation(2)			(1,767	)			(1,432	)			(335	)
Balance at March 31, 2020		$	24,429			$	19,946			$	4,483
Increases			76				—				76
Foreign currency translation(2)			(141	)			(115	)			(26	)
Balance at June 30, 2020		$	24,364			$	19,831			$	4,533

(1) Recorded as an income tax benefit of $5,981 during the six months ended June 30, 2020, along with an equal and offsetting amount recorded in other gains and losses, net, to recognize a reduction in the indemnification asset. During the six months ended June 30, 2019, an income tax benefit of $4,309 was recorded along with an equal and offsetting amount in other gains and losses, net.

(2) The gross unrecognized tax benefits were accrued in British pounds sterling.

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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
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Tabular disclosure of the change in unrecognized tax benefits.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=121610041&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

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