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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of components of loss before income taxes

The components of income (loss) before income taxes were as follows:

			YEAR ENDED DECEMBER 31,
			2024						2023						2022
			(In thousands)
Domestic			$	(15,443)					$	(60,587)					$	9,456
Foreign			(1,741)						5,444						9,299
Total			$	(17,184)					$	(55,143)					$	18,755

Schedule of components of income tax expense (benefit)

The components of provision for (benefit from) income taxes were as follows:

			DECEMBER 31,
			2024						2023						2022
			(In thousands)
Current tax provision
Federal			$	(1,675)					$	3,986					$	1,882
State and local			2,169						3,976						3,335
Foreign			7,068						8,775						10,318
Total current			7,562						16,737						15,535
Deferred tax benefit
Federal			(6,977)						(10,957)						(6,788)
State and local			(2,934)						(2,835)						(2,190)
Foreign			(2,784)						(2,731)						(2,533)
Total deferred			(12,695)						(16,523)						(11,511)
Total provision (benefit)			$	(5,133)					$	214					$	4,024

Schedule of primary reconciling items between the statutory income tax rate and the effective income tax rate

The effective income tax rate was 29.87%, (0.39)% , and 21.46% for the years ended December 31, 2024, 2023 and 2022, respectively. The primary reconciling items between the statutory income tax rate of 21% and the effective income tax rate were as a result of the following:

			DECEMBER 31,
			2024												2023												2022
			(In thousands, except for percentage)
Tax at U.S. federal statutory rate			$	(3,611)					21.00		%				$	(11,580)					21.00		%				$	3,939					21.00		%
State taxes, net of federal benefit			(1,201)						6.98		%				136						(0.25)		%				967						5.16		%
Foreign rate differential			4,940						(28.73)		%				4,552						(8.26)		%				3,545						18.90		%
Permanent items			(1,944)						11.31		%				5,205						(9.44)		%				(1,227)						(6.54)		%
Equity compensation			2,738						(15.91)		%				1,582						(2.87)		%				2,278						12.15		%
GIL TI inclusion			1,442						(8.38)		%				2,374						(4.30)		%				451						2.41		%
Tax credits			(7,969)						46.34		%				(10,031)						18.19		%				(6,427)						(34.27)		%
Rate change			—						—		%				(237)						0.43		%				(605)						(3.23)		%
Other adjustments			2,304						(13.40)		%				4,148						(7.52)		%				(4,554)						(24.28)		%
Return to provision adjustments			820						(4.76)		%				(1,288)						2.34		%				(405)						(2.16)		%
Valuation allowance			(2,652)						15.42		%				5,353						(9.71)		%				6,062						32.32		%
Effective tax rate			$	(5,133)					29.87		%				$	214					(0.39)		%				$	4,024					21.46		%

Schedule of tax effects of temporary differences that gave rise to deferred tax assets and liabilities

The tax effects of temporary differences that give rise to deferred tax assets and liabilities are summarized as follows:

			DECEMBER 31,
			2024						2023
			(In thousands)
Deferred tax assets
Accounts receivable			$	570					$	341
Accrued compensation			4,191						4,033
Accrued expenses			15						27
Deferred revenue			286						2,061
Net operating loss carryforwards			12,448						17,192
R&D credit carryforward			4,171						4,172
Foreign tax credits			12,045						14,970
Equity based compensation			4,366						4,600
Other assets			1,303						—
Interest expense			1,080						195
Lease liability			3,362						2,295
Section 174			16,975						11,455
Total gross deferred tax asset			60,812						61,341
Less: Valuation allowance			(24,023)						(31,500)
Net deferred tax asset			36,789						29,841
Deferred tax liabilities
Property, equipment, and other long-lived assets			(146)						(223)
Goodwill and intangible assets			(68,314)						(71,253)
Prepaid expenses			(1,352)						(1,715)
Interest rate hedge			(567)						(1,393)
Right-of-use (ROU) Asset			(2,643)						(1,847)
Other liabilities			(226)						—
Total gross deferred tax liability			(73,248)						(76,431)
Net deferred tax liability			$	(36,459)					$	(46,590)

Schedule of reconciliation of the beginning and ending balance of unrecognized tax benefits

A reconciliation of the beginning and ending balance of unrecognized tax benefits is as follows:

			(In thousands)
Balance at December 31, 2022			$	2,818
Additions for tax positions related to the current year			309
Additions for tax positions of prior years			17
Reductions for tax positions of prior years			(436)
Balance at December 31, 2023			$	2,708
Additions for tax positions related to the current year			509
Additions for tax positions of prior years			5,312
Reductions for tax positions of prior years			(14)
Reductions related to settlements with taxing authorities			(1,104)
Balance at December 31, 2024			$	7,411

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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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.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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