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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The geographical breakdown of income before income taxes is as follows (in thousands):

			Years Ended December 31,
			2024						2023						2022
Domestic income			$	56,707					$	41,105					$	52,231
Foreign income			1,392						2,690						485
Income before income taxes			$	58,099					$	43,795					$	52,716

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes consisted of the following (in thousands):

			Years Ended December 31,
			2024						2023						2022
Current provision for income taxes:
Federal			$	3,894					$	329					$	—
State			1,809						2,016						1,107
Foreign			1,959						1,228						1,917
Total current			7,662						3,573						3,024
Deferred tax expense (benefit):
Federal			$	975					$	1,374					$	2,206
State			(556)						(1,265)						656
Foreign			(122)						143						(78)
Total deferred			297						252						2,784
Provision for income taxes			$	7,959					$	3,825					$	5,808

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of the statutory federal income taxes and the provision for income taxes is as follows (in thousands, except percentages):

			Years Ended December 31,
			2024												2023												2022
			Amount						Percentage						Amount						Percentage						Amount						Percentage
Tax at statutory rate			$	12,201					21.0		%				$	9,197					21.0		%				$	11,070					21.0		%
State tax - net of federal benefits			763						1.3						751						1.7						1,531						2.9
Foreign rate differential			1,606						2.8						954						2.2						1,737						3.3
Changes in federal valuation allowance			—						—						210						0.5						—						—
Stock-based compensation			108						0.2						(1,083)						(2.5)						(1,992)						(3.8)
Non-deductible meals and entertainment expenses			289						0.5						398						0.9						252						0.5
Other permanent items			—						—						5						—						73						0.1
Federal tax credits - net of uncertain tax positions			(3,959)						(6.8)						(4,047)						(9.2)						(3,844)						(7.3)
Amended return true-up			(162)						(0.3)						(8)						—						(4,176)						(7.9)
Foreign-derived intangible income deduction			(3,699)						(6.4)						(3,585)						(8.2)						—						—
162(m) limitation on officers compensation			873						1.5						1,221						2.8						998						1.9
Other			(61)						(0.1)						(188)						(0.4)						159						0.3
			$	7,959					13.7		%				$	3,825					8.7		%				$	5,808					11.0		%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax balances are comprised of the following (in thousands):

			As of December 31, 2024						As of December 31, 2023
Deferred tax assets:
Net operating loss carryforwards			$	3,561					$	3,799
Research and development credits, net of uncertain tax positions			29,217						36,592
Accruals, reserves and other			19,086						18,433
Stock-based compensation			2,040						1,475
Depreciation and amortization			(1,293)						(1,052)
Operating lease liability			2,728						3,669
Capitalized research and development expenses			30,985						23,497
Gross deferred tax assets			86,324						86,413
Valuation allowance			(18,569)						(17,588)
Total deferred tax assets			67,755						68,825
Deferred tax liabilities:
Deferred contract acquisition costs			(2,560)						(2,429)
Operating lease right-of-use asset			(2,610)						(3,533)
Other			(221)						(138)
Total deferred tax liabilities			(5,391)						(6,100)
Net deferred tax assets			$	62,364					$	62,725

Schedule of Unrecognized Tax Benefits Roll Forward

The activity related to the unrecognized tax benefits is as follows (in thousands):

			Years Ended December 31,
			2024						2023						2022
Gross unrecognized tax benefits—beginning balance			$	7,575					$	7,077					$	6,841
Increases (decreases) related to tax positions from prior years			—						27						(226)
Increases related to tax positions taken during current year			576						580						462
Releases / statute lapses			(76)						(109)						—
Gross unrecognized tax benefits—ending balance			$	8,075					$	7,575					$	7,077

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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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