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Income Taxes (Tables) | 6 Months Ended
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Jun. 30, 2021
Income Tax Disclosure [Abstract] |
U.S. and international components of loss before income taxes | U.S. and international components of income (loss) before income taxes were as follows:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| (in thousands)
U.S. | $ | (46,444) |  |  | $ | (23,463) |  |  | $ | (14,330) |
International | 51,300 |  |  | 26,656 |  |  | (3,161) |
Income (loss) before income taxes | $ | 4,856 |  |  | $ | 3,193 |  |  | $ | (17,491) |
Schedule of income tax expense (benefit) | Income tax expense (benefit) was composed of the following:
| Year Ended December 31, |  |
| 2020 |  | 2019 |  | 2018 |  |  |  |
| (in thousands) |  |
Current: |  |  |  |  |  |  |  |  |
Federal | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  |
State | — |  |  | — |  |  | 84 |  |  |  |  |
International | 16,065 |  |  | 10,438 |  |  | 6,652 |  |  |  |  |
| 16,065 |  |  | 10,438 |  |  | 6,736 |  |  |  |  |
Deferred: |  |  |  |  |  |  |  |  |
Federal | 86 |  |  | (64) |  |  | (2,290) |  |  |  |  |
State | 5 |  |  | (133) |  |  | (55) |  |  |  |  |
International | (4,142) |  |  | (4,536) |  |  | (8,190) |  |  |  |  |
| (4,051) |  |  | (4,733) |  |  | (10,535) |  |  |  |  |
Income tax expense (benefit) | $ | 12,014 |  |  | $ | 5,705 |  |  | $ | (3,799) |  |  |  |  |
Schedule of effective income tax rate reconciliation | The difference between the income tax expense (benefit) derived by applying the federal statutory income tax rate to our income (loss) before income taxes and the amount recognized in our Combined Financial Statements is as follows:
| Year Ended December 31, |  |
| 2020 |  | 2019 |  | 2018 |  |  |  |
| (in thousands) |  |
Expense (benefit) derived by applying the federal statutory income tax rate to income before income taxes | $ | 1,020 |  |  | $ | 670 |  |  | $ | (3,673) |  |  |  |  |
State taxes, net of federal benefit | (185) |  |  | (93) |  |  | 23 |  |  |  |  |
Permanent items | — |  |  | 1 |  |  | 50 |  |  |  |  |
Research and experimentation tax credits | (786) |  |  | (422) |  |  | (386) |  |  |  |  |
Withholding tax | (44) |  |  | 112 |  |  | 722 |  |  |  |  |
Valuation allowance for deferred tax assets | 11,680 |  |  | 5,638 |  |  | 938 |  |  |  |  |
Stock-based compensation | (333) |  |  | (636) |  |  | 129 |  |  |  |  |
Meals & entertainment | 15 |  |  | 130 |  |  | 105 |  |  |  |  |
Acquisition costs | 35 |  |  | 297 |  |  | 124 |  |  |  |  |
Effect of foreign operations | 612 |  |  | 8 |  |  | (1,831) |  |  |  |  |
| $ | 12,014 |  |  | $ | 5,705 |  |  | $ | (3,799) |  |  |  |  |
Schedule of deferred tax assets and liabilities | The components of the net deferred tax amounts recognized in the accompanying Combined Balance Sheets were:
| December 31, |  |
| 2020 |  | 2019 |  |
| (in thousands) |  |
Deferred tax assets: |  |  |  |  |
Allowance for doubtful accounts | $ | 262 |  |  | $ | 228 |  |  |
Accrued expenses | 209 |  |  | 125 |  |  |
Net operating loss | 17,935 |  |  | 15,313 |  |  |
Research and experimentation credits | 1,349 |  |  | 562 |  |  |
Stock-based compensation | 2,446 |  |  | 559 |  |  |
Interest | 1,072 |  |  | 832 |  |  |
Deferred revenue | 91 |  |  | 137 |  |  |
Unrealized exchange gain | 1 |  |  | 2 |  |  |
Leases | 1,560 |  |  | 1,775 |  |  |
Other credits | 51 |  | 464 |  |  |
Total deferred tax assets | 24,976 |  |  | 19,997 |  |  |
Valuation allowance | (18,256) |  |  | (6,576) |  |  |
Deferred tax assets, net of valuation allowance | 6,720 |  |  | 13,421 |  |  |
Deferred tax liabilities: |  |  |  |  |
Property and equipment | 846 |  |  | 733 |  |  |
Prepaid expenses | 574 |  |  | 179 |  |  |
Leases | 1,686 |  |  | 1,821 |  |  |
Intangibles | 6,478 |  |  | 17,598 |  |  |
Total deferred tax liabilities | 9,584 |  |  | 20,331 |  |  |
Net deferred tax liability | $ | 2,864 |  |  | $ | 6,910 |  |  |
Schedule of unrecognized tax benefits | The aggregate changes in the balance of our gross unrecognized tax benefits, excluding accrued interest, were as follows:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| (in thousands)
Balance, beginning of year | $ | 87 |  |  | $ | 87 |  |  | $ | 138 |
Increases for tax positions related to the current year | — |  | — |  |  | — |
Decreases for tax positions related to the current year | — |  | — |  |  | — |
Increases for tax positions related to prior years | — |  | — |  |  | — |
Decreases for tax positions related to prior years | — |  | — |  |  | (51) |
Reductions due to lapsed statute of limitations | — |  | — |  |  | — |
Balance, end of year | $ | 87 |  |  | $ | 87 |  |  | $ | 87 |

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