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Income Taxes (Tables)

6 Months Ended

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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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 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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