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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Taxes [Abstract] |
Schedule of Income Taxes Paid by Jurisdiction | The U.S. and foreign components of income before income tax expense for the years ended December 31, 2024, 2023 and 2022 are as follows:
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
U.S. |  | $ | 27,638 |  |  | $ | 4,652 |  |  | $ | (4,067 | )
Foreign |  |  | 67,764 |  |  |  | 114,356 |  |  |  | 44,017 |
Total |  | $ | 95,402 |  |  | $ | 119,008 |  |  | $ | 39,950 |
Schedule of 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, 2024, 2023 and 2022 are as follows:
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |  |
Federal |  | $ | 13,377 |  |  | $ | 6,957 |  |  | $ | 4,685 |
State and local |  |  | 3,547 |  |  |  | 1,883 |  |  |  | 1,415 |
Foreign |  |  | 12,183 |  |  |  | 8,103 |  |  |  | (15,538 | )
|  | $ | 29,107 |  |  | $ | 16,943 |  |  | $ | (9,438 | )
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (581 | ) |  | $ | (494 | ) |  | $ | (6 | )
State and local |  |  | (120 | ) |  |  | (102 | ) |  |  | (1 | )
Foreign |  |  | 303 |  |  |  | 115 |  |  |  | (1,289 | )
|  |  | (398 | ) |  |  | (481 | ) |  |  | (1,296 | )
Income tax expense/(benefit) |  | $ | 28,709 |  |  | $ | 16,462 |  |  | $ | (10,734 | )
Schedule of Reconciliation of Statutory Federal Income Tax Rate and Company's Effective Rate | Below is a tabular rate reconciliation pursuant to the disclosure requirements of ASU 2023-09 for the year ended December 31, 2024:
|  | Year Ended December 31, 2024
|  | Amount |  | Percent
U.S. federal statutory income tax |  | $ | 20,034 |  |  |  | 21.0% |
State and local income taxes, net of federal benefit(1) |  |  | 909 |  |  |  | 1.0% |
Foreign tax effects: |  |  |  |  |  |  |  |
Jersey, Channel Islands: |  |  |  |  |  |  |  |
Statutory tax rate difference |  |  | (3,456 | ) |  |  | (3.6% | )
United Kingdom: |  |  |  |  |  |  |  |
Statutory tax rate difference |  |  | 1,822 |  |  |  | 1.9% |
Other |  |  | (96 | ) |  |  | (0.1% | )
Ireland: |  |  |  |  |  |  |  |
Statutory tax rate difference |  |  | (351 | ) |  |  | (0.4% | )
Other |  |  | 75 |  |  |  | 0.1% |
Other Foreign Jurisdictions |  |  | 226 |  |  |  | 0.2% |
Changes in valuation allowances |  |  | 290 |  |  |  | 0.3% |
Non-taxable or non-deductible items |  |  |  |  |  |  |  |
Loss on debt extinguishment |  |  | 6,219 |  |  |  | 6.5% |
Civil money penalty relating to SEC ESG Settlement |  |  | 972 |  |  |  | 1.0% |
Executive compensation |  |  | 901 |  |  |  | 1.0% |
Stock-based compensation tax shortfalls |  |  | 409 |  |  |  | 0.4% |
Other adjustments |  |  | 755 |  |  |  | 0.8% |
Income tax expense |  | $ | 28,709 |  |  |  | 30.1% |
| (1) | State and local taxes in New York and California comprise the majority of this category.
Schedule of Reconciliation of Statutory Federal Income Tax Rate and Company's Effective Rate | Below is a reconciliation of the statutory federal income tax expense and the Company’s total income tax expense for the years ended December 31, 2023 and 2022:
|  | Years Ended December 31,
|  | 2023 |  | 2022
U.S. federal statutory income tax |  | $ | 24,992 |  |  | $ | 8,386 |
Gain on revaluation/termination of deferred consideration(1) |  |  | (13,007 | ) |  |  | (5,842 | )
Non-deductible loss on extinguishment of convertible notes |  |  | 2,263 |  |  |  | — |
Foreign operations |  |  | (1,868 | ) |  |  | (2,919 | )
Non-deductible executive compensation |  |  | 1,833 |  |  |  | 789 |
Decrease in unrecognized tax benefits, net |  |  | (1,386 | ) |  |  | (19,871 | )
Change in valuation allowance – Capital losses |  |  | 1,340 |  |  |  | 4,761 |
Expiration of capital losses |  |  | 796 |  |  |  | — |
Stock-based compensation tax shortfalls |  |  | 373 |  |  |  | 507 |
Change in tax-related indemnification assets, net |  |  | 291 |  |  |  | 4,173 |
Change in foreign net operating losses (“NOLs”) |  |  | 174 |  |  |  | — |
State income tax rate, net of federal benefit |  |  | 153 |  |  |  | (134 | )
Change in valuation allowance—Foreign NOLs and interest carryforwards |  |  | — |  |  |  | (1,609 | )
GILTI |  |  | — |  |  |  | 499 |
Other differences, net |  |  | 508 |  |  |  | 526 |
Income tax expense/(benefit) |  | $ | 16,462 |  |  | $ | (10,734 | )
| (1) | The gain 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 Taxes Paid by Jurisdiction | Disclosed below is a summary of income taxes paid by jurisdiction pursuant to the disclosure requirements of ASU 2023-09 for the year ended December 31, 2024:
|  | Year Ended December 31, 2024
United States - Federal |  | $ | 16,139 |
United States - State and local |  |  | 4,005 |
United Kingdom |  |  | 11,485 |
Other |  |  | 589 |
|  | $ | 32,218 |
Disclosed below is a summary of income taxes paid by jurisdiction for the years ended December 31, 2023 and 2022:
|  | Years Ended December 31,
|  | 2023 |  | 2022
Federal |  | $ | 4,824 |  |  | $ | 6,424 |
State and local |  |  | 1,457 |  |  |  | 1,431 |
Foreign |  |  | 9,875 |  |  |  | 4,645 |
|  | $ | 16,156 |  |  | $ | 12,500 |
Schedule of Deferred Tax Assets | A summary of the components of the Company’s deferred tax assets at December 31, 2024 and 2023 is as follows:
|  | 2024 |  | 2023
Deferred tax assets: |  |  |  |  |  |  |  |
Capital losses |  | $ | 21,984 |  |  | $ | 22,489 |
Accrued expenses |  |  | 6,465 |  |  |  | 6,000 |
Stock-based compensation |  |  | 2,843 |  |  |  | 2,468 |
NOLs—Foreign |  |  | 1,024 |  |  |  | 1,502 |
Goodwill and intangible assets |  |  | 705 |  |  |  | 895 |
Foreign currency translation adjustment |  |  | 427 |  |  |  | 146 |
Software capitalization |  |  | 199 |  |  |  | — |
Operating lease liabilities |  |  | 95 |  |  |  | 96 |
NOLs—U.S. |  |  | — |  |  |  | 127 |
Unrealized losses |  |  | — |  |  |  | 335 |
Other |  |  | 332 |  |  |  | 401 |
Deferred tax assets |  |  | 34,073 |  |  |  | 34,459 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Fixed assets and prepaid assets |  |  | 246 |  |  |  | 296 |
Right of use assets—operating leases |  |  | 95 |  |  |  | 96 |
Unremitted earnings—European subsidiaries |  |  | 92 |  |  |  | 186 |
Unrealized gains |  |  | 76 |  |  |  | — |
Deferred tax liabilities |  |  | 509 |  |  |  | 578 |
Total deferred tax assets less deferred tax liabilities |  |  | 33,564 |  |  |  | 33,881 |
Less: Valuation allowance |  |  | (21,908 | ) |  |  | (22,824 | )
Deferred tax assets, net |  | $ | 11,656 |  |  | $ | 11,057 |

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