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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Domestic and Foreign Components of Income/Loss before Income Tax Expense | The U.S. and foreign components of income/(loss) before income tax expense for the years ended December 31, 2022, 2021 and 2020 are as follows:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
U.S. |  | $ | (4,067 | ) |  | $ | 15,986 |  |  | $ | (5,187 | )
Foreign |  |  | 44,017 |  |  |  | 40,685 |  |  |  | (30,035 | )
Total |  | $ | 39,950 |  |  | $ | 56,671 |  |  | $ | (35,222 | )
Components of Current and Deferred Income Tax Expense | The components of current and deferred income tax expense included in the Consolidated Statement of Operations for years ended December 31, 2022, 2021 and 2020 are as follows:
|  | Years Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 4,685 |  |  | $ | 5,857 |  |  | $ | 3,670 |
State and local |  |  | 1,415 |  |  |  | 1,538 |  |  |  | 832 |
Foreign |  |  | (15,538 | ) |  |  | (837 | ) |  |  | (1,877 | )
|  | $ | (9,438 | ) |  | $ | 6,558 |  |  | $ | 2,625 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (6 | ) |  | $ | (1,217 | ) |  | $ | 60 |
State and local |  |  | (1 | ) |  |  | (251 | ) |  |  | 13 |
Foreign |  |  | (1,289 | ) |  |  | 1,784 |  |  |  | (2,265 | )
|  | $ | (1,296 | ) |  | $ | 316 |  |  | $ | (2,192 | )
Income tax expense/(benefit) |  | $ | (10,734 | ) |  | $ | 6,874 |  |  | $ | 433 |
Reconciliation of Statutory Federal Income Tax Rate and Company's Effective Rate | A reconciliation of the statutory federal income tax expense and the Company’s total income tax expense is as follows:
|  | Years Ended December 31,
|  | 2022 |  | 2021 |  | 2020
U.S. federal statutory income tax |  | $ | 8,386 |  |  | $ | 11,901 |  |  | $ | (7,397 | )
Decrease in unrecognized tax benefits, net |  |  | (19,871 | ) |  |  | (4,998 | ) |  |  | (5,661 | )
Change in valuation allowance – Capital losses |  |  | 4,761 |  |  |  | 5 |  |  |  | 4,448 |
Change in tax-related indemnification assets, net |  |  | 4,173 |  |  |  | 1,053 |  |  |  | 1,189 |
Foreign operations |  |  | (2,919 | ) |  |  | (3,211 | ) |  |  | (3,342 | )
Change in valuation allowance—Foreign net operating losses (“NOLs”) and interest carryforwards |  |  | (1,609 | ) |  |  | — |  |  |  | (2,018 | )
(Gain)/loss on revaluation of deferred consideration (1) |  |  | (5,842 | ) |  |  | (424 | ) |  |  | 11,929 |
GILTI |  |  | 499 |  |  |  | — |  |  |  | — |
Non-deductible executive compensation |  |  | 789 |  |  |  | 881 |  |  |  | 399 |
Stock-based compensation tax shortfalls |  |  | 507 |  |  |  | 647 |  |  |  | 1,485 |
Blended state income tax rate, net of federal benefit |  |  | (134 | ) |  |  | 526 |  |  |  | (171 | )
Non-taxable gain on sale—Canadian ETF business |  |  | — |  |  |  | — |  |  |  | (740 | )
Other differences, net |  |  | 526 |  |  |  | 494 |  |  |  | 312 |
Income tax expense/(benefit) |  | $ | (10,734 | ) |  | $ | 6,874 |  |  | $ | 433 |
(1) | The (gain)/loss on revaluation of deferred consideration is not adjusted for income taxes as the obligation was assumed by a wholly-owned subsidiary that is based in Jersey, a jurisdiction where the Company is subject to a zero percent tax rate.
Schedule of Income Tax Payments By Jurisdiction | A summary of income taxes paid by jurisdiction for the years ended December 31, 2022, 2021 and 2020 is as follows:
|  | Years Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Federal |  | $ | 6,424 |  |  | $ | 4,258 |  |  | $ | 4,470 |
State and local |  |  | 1,431 |  |  |  | 1,020 |  |  |  | 1,353 |
Foreign |  |  | 4,645 |  |  |  | 3,178 |  |  |  | 4,308 |
|  | $ | 12,500 |  |  | $ | 8,456 |  |  | $ | 10,131 |
Summary of Deferred Tax Asset Recorded | A summary of the components of the Company’s deferred tax assets at December 31, 2022 and 2021 is as follows:
|  | 2022 |  | 2021
Deferred tax assets: |  |  |  |  |  |  |  |
Capital losses |  | $ | 17,541 |  |  | $ | 16,601 |
Accrued expenses |  |  | 6,030 |  |  |  | 4,993 |
Unrealized losses |  |  | 3,821 |  |  |  | 614 |
NOLs—Foreign |  |  | 1,609 |  |  |  | 1,934 |
Stock-based compensation |  |  | 1,526 |  |  |  | 1,359 |
Goodwill and intangible assets |  |  | 1,085 |  |  |  | 1,276 |
Operating lease liabilities |  |  | 313 |  |  |  | — |
NOLs—U.S. |  |  | 255 |  |  |  | 382 |
Foreign currency translation adjustment |  |  | 173 |  |  |  | — |
Outside basis differences |  |  | 122 |  |  |  | 122 |
Interest carryforwards |  |  | — |  |  |  | 437 |
Other |  |  | 341 |  |  |  | 376 |
Deferred tax assets |  |  | 32,816 |  |  |  | 28,094 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Fixed assets and prepaid assets |  |  | 278 |  |  |  | 257 |
Foreign currency translation adjustment |  |  | — |  |  |  | 181 |
Unremitted earnings—European subsidiaries |  |  | 205 |  |  |  | 118 |
Right of use assets—operating leases |  |  | 313 |  |  |  | — |
Deferred tax liabilities |  |  | 796 |  |  |  | 556 |
Total deferred tax assets less deferred tax liabilities |  |  | 32,020 |  |  |  | 27,538 |
Less: Valuation allowance |  |  | (21,484 | ) |  |  | (18,657 | )
Deferred tax assets, net |  | $ | 10,536 |  |  | $ | 8,881 |
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:
|  | Total |  | Unrecognized Tax Benefits |  | Interest and Penalties
Balance at January 1, 2021 |  | $ | 27,016 |  |  | $ | 21,850 |  |  | $ | 5,166 |
Decrease—Lapse of statute of limitations (1) |  |  | (5,171 | ) |  |  | (3,559 | ) |  |  | (1,612 | )
Increases |  |  | 173 |  |  |  | — |  |  |  | 173 |
Foreign currency translation (2) |  |  | (93 | ) |  |  | (73 | ) |  |  | (20 | )
Balance at December 31, 2021 |  | $ | 21,925 |  |  | $ | 18,218 |  |  | $ | 3,707 |
Decrease—Settlements (1) |  |  | (13,052 | ) |  |  | (11,865 | ) |  |  | (1,187 | )
Decrease—Lapse of statute of limitations (1) |  |  | (6,845 | ) |  |  | (4,825 | ) |  |  | (2,020 | )
Increases |  |  | 26 |  |  |  | — |  |  |  | 26 |
Foreign currency translation (2) |  |  | (701 | ) |  |  | (571 | ) |  |  | (130 | )
Balance at December 31, 2022 |  | $ | 1,353 |  |  | $ | 957 |  |  | $ | 396 |
(1) | In January 2022, an audit of ManJer’s tax returns (a Jersey-based subsidiary) for the years ended December 31, 2014, 2016, 2017 and 2018 were resolved in favor of ManJer. The settlement, as well as the reduction in unrecognized tax benefits from the lapse of the statute of limitations totaling $19,897 during the year ended December 31, 2022 was recorded as an income tax benefit along with an equal and offsetting amount recorded in other losses and gains, net, to recognize a reduction in the indemnification asset. During the year ended December 31, 2021, an income tax benefit of $5,171 was recorded upon the lapse of the statute of limitations with an equal and offsetting amount in other losses and gains, net.
(2) | The gross unrecognized tax benefits were accrued in British pounds.

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