XML 57 R38.htm IDEA: XBRL DOCUMENT v3.24.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Loss Before Income Taxes

Loss before income taxes includes the following components:

						Year ended December 31,
						2023						2022						2021
						(in thousands)
United States						$	(137,240)					$	(196,469)					$	(224,159)
Foreign						3,931						5,789						1,531
Loss before income taxes						$	(133,309)					$	(190,680)					$	(222,628)

Schedule of Income Tax Expense (Benefit)

The income tax expense (benefit) consists of the following:

						Year ended December 31,
						2023						2022						2021
						(in thousands)
Current tax provision (benefit):
Federal						$	—					$	—					$	—
State						57						(79)						—
Foreign						622						173						322
Deferred tax benefit:
Federal						—						—						(253)
State						—						—						—
Foreign						(900)						—						—
Total tax expense (benefit)						$	(221)					$	94					$	69

Schedule of Effective Tax Rate Reconciliation

Reconciliation between the Company’s effective tax rate on income from continuing operations and the U.S. federal statutory rate is as follows:

						Year ended December 31,
						2023						2022						2021
Provision at federal statutory tax rate						21		%				21		%				21		%
Change in valuation allowance						(25)						(14)						(30)
Foreign tax rate differential						1						—						—
Stock-based compensation						(4)						(9)						2
Research and development credits						10						2						5
Disallowed executive compensation						(3)						—						—
Restructuring						—						—						2
Effective tax rate						—		%				—		%				—		%

Schedule of Deferred Tax Assets and Liabilities

The Company’s deferred tax assets and liabilities were as follows:

						Year ended December 31,
						2023						2022
						(in thousands)
Deferred tax assets:
Net operating losses						$	178,149					$	183,306
Lease liability						20,137						23,245
Research and development credits						38,280						21,383
Capitalized research and development						45,418						21,032
Stock-based compensation						11,765						10,429
Deferred revenue						4,934						2,811
Reserves and accruals						4,336						4,648
Other						1,889						4,179
Deferred tax assets						304,908						271,033
Intangible asset amortization						(16,310)						(21,713)
Right-of-use asset						(15,322)						(18,847)
State taxes						(13,032)						(10,732)
Prepaid commissions						(13,868)						(11,526)
Deferred tax liabilities						(58,532)						(62,818)
Valuation allowance						(245,476)						(208,215)
Net deferred tax (liabilities) assets						$	900					$	—

Schedule of Unrecognized Tax Benefits

A reconciliation of the Company’s unrecognized tax benefits is as follows (in thousands):

			Year ended December 31,
			2023						2022
Balance at beginning of year			$	17,337					$	7,808
Increases related to prior year tax positions			2,674						8,697
Decreases related to prior year tax positions			—						(751)
Increases related to current year tax positions			3,234						1,583
Balance at end of year			$	23,245					$	17,337

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration