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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The following are the domestic and foreign components of our (loss) income before income taxes (in thousands):

			Year Ended December 31,
			2021						2020						2019
Domestic			$	(119,195)					$	25,272					$	19,778
Foreign			(420)						(12,947)						(9,174)
Total (loss) income before income taxes			$	(119,615)					$	12,325					$	10,604

Schedule of Components of Income Tax Expense (Benefit)

The details for the (benefit from) provision for income taxes by jurisdiction are as follows (in thousands):

			Year Ended December 31,
			2021						2020						2019
Current
Federal			$	(194)					$	846					$	277
State			760						243						700
Foreign			78						15						255
Total current provision			644						1,104						1,232
Deferred
Federal			(9,605)						2,322						2,944
State			(1,990)						(997)						(1,015)
Foreign			—						—						—
Total deferred provision			(11,595)						1,325						1,929
Total (benefit from) provision for income tax			$	(10,951)					$	2,429					$	3,161

Schedule of Effective Income Tax Rate Reconciliation

The (benefit from) provision for income taxes for December 31, 2021, 2020 and 2019 differed from the amounts computed by applying the U.S. Federal income tax rate of 21% to (loss) income before income taxes as a result of the following (in thousands):

			Year Ended December 31,
			2021						2020						2019
(Benefit from) provision for income taxes at statutory rate			$	(25,120)					$	2,588					$	2,227
State income taxes, net of federal benefit			(2,309)						(891)						284
Rate differential on foreign earnings			(68)						(1,217)						1,818
Research and development credits			(887)						(1,340)						(600)
Change in valuation allowance			809						5,011						117
Stock-based compensation			(3,065)						(2,162)						(2,014)
Nondeductible stock-based compensation			18,267						—						—
Unrecognized tax benefits			703						978						563
Non-deductible expenses			287						(52)						820
Other			$	432					$	(486)					$	(54)
Total (benefit from) provision for income taxes			$	(10,951)					$	2,429					$	3,161

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of our deferred tax assets and liabilities consisted of the following as of December 31, 2021 and 2020, (in thousands):

			As of December 31,
			2021						2020
Deferred tax assets
Deferred revenue			$	697					$	694
Accrued expenses			5,321						3,746
Stock-based compensation			7,631						3,314
Impairment on investment			1,445						1,445
Net operating loss carryforwards			17,206						12,857
Tax credit carryforwards			12,112						10,462
Interest expense carryforward			10,851						7,679
Capital loss carryforwards			452						—
Derivatives and hedging			—						4,400
Total deferred tax assets			55,715						44,597
Valuation allowance			(14,170)						(12,950)
Net deferred tax assets			41,545						31,647
Deferred tax liabilities
Depreciation and amortization			(10,865)						(6,024)
State taxes			(3,026)						(2,816)
Net deferred tax liabilities			(13,891)						(8,840)
Net deferred tax assets and liabilities			$	27,654					$	22,807

Summary of Valuation Allowance

			Year Ended December 31,
			2021						2020						2019
Beginning balance			$	12,950					$	7,816					$	7,707
Net increase in current year			1,312						4,646						769
Net (decrease) increase in valuation prior period			(14)						528						(87)
Net decrease in valuation allowance from acquisitions			(78)						(40)						(573)
Ending balance			$	14,170					$	12,950					$	7,816

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the changes in unrecognized tax benefits for the years ended December 31, 2021 and 2020 (in thousands):

			Gross Unrealized Tax Benefits
Balance at Balance at December 31, 2018			$	6,498
Additions for tax positions related to the current year			671
Reductions for tax positions related to prior years			(913)
Balance at December 31, 2019			$	6,256
Additions for tax positions related to the current year			916
Additions for tax positions related to prior years			59
Balance at December 31, 2020			$	7,231
Additions for tax positions related to the current year			887
Reductions for tax positions related to prior years			(245)
Balance at December 31, 2021			$	7,873

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