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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Pretax Income (Loss) before Income Tax, Domestic and Foreign

The components of pretax income (loss) for the years ended December 31, 2024, 2023 and 2022 were as follows (in thousands):

			Year Ended December 31,
			2024						2023						2022
United States			$	53,852					$	16,285					$	(65,256)
International			(84,243)						(59,711)						(126,714)
Income (loss) before provision (benefit) for income taxes			$	(30,391)					$	(43,426)					$	(191,970)

Schedule of Components of Income Tax Expense (Benefit)

The Provision (benefit) for income taxes for the years ended December 31, 2024, 2023 and 2022 consisted of the following components (in thousands):

			Year Ended December 31,
			2024						2023						2022
Current taxes:
U.S. federal			$	10,336					$	1,305					$	161
State			2,577						2,094						704
International			8,572						4,374						(7,554)
Total current taxes			21,485						7,773						(6,689)
Deferred taxes:
U.S. federal			40						35						31,132
State			46						106						20,307
International			4,552						1,594						(2,340)
Total deferred taxes			4,638						1,735						49,099
Provision (benefit) for income taxes			$	26,123					$	9,508					$	42,410

Schedule of Effective Income Tax Rate Reconciliation

The items accounting for differences between the income tax provision (benefit) computed at the U.S. federal statutory rate and the Provision (benefit) for income taxes for the years ended December 31, 2024, 2023 and 2022 were as follows (in thousands):

			Year Ended December 31,
			2024						2023						2022
U.S. federal income tax provision (benefit) at statutory rate			$	(6,382)					$	(9,120)					$	(40,314)
Foreign income and losses taxed at different rates (1)			8,348						6,842						9,035
State income taxes, net of federal benefits, and state tax credits			6,592						3,709						4,133
Change in valuation allowances			3,589						87,993						64,328
Effect of income tax rate changes on deferred items			449						(104)						443
Adjustments related to uncertain tax positions			(1,133)						(5,117)						(13,062)
Non-deductible stock-based compensation expense			3,527						1,728						2,191
Tax (windfalls)/shortfalls on stock-based compensation awards			(370)						1,606						2,741
Federal research and development credits, net of adjustments			—						—						(812)
Forgiveness of intercompany liabilities			—						(43)						1,468
Tax attribute expiration			—						—						5,519
Asset impairments			—						(82,988)						7,213
Non-deductible or non-taxable items			8,847						5,002						(473)
Convertible debt payoff			2,656						—						—
Provision (benefit) for income taxes			$	26,123					$	9,508					$	42,410

(1)Tax rates in foreign jurisdictions were generally lower than the U.S. federal statutory rate through December 31, 2024. This resulted in an adverse impact to the Provision (benefit) for income taxes in this rate reconciliation for the years ended December 31, 2024, 2023 and 2022 prior to the impact of valuation allowances, due to the net pretax losses from operations in certain foreign jurisdictions with lower tax rates.

Schedule of Deferred Tax Assets and Liabilities

The deferred income tax assets and liabilities consisted of the following components as of December 31, 2024 and 2023 (in thousands):

			December 31,
			2024						2023
Deferred tax assets:
Accrued expenses and other liabilities			$	31,104					$	33,517
Stock-based compensation			2,584						2,153
Net operating loss and tax credit carryforwards (1)			214,944						217,560
Property, equipment and software, net			14,022						8,462
Intangible assets, net			20,368						20,586
Right-of-use assets			628						1,238
Investments			5,802						26,350
Convertible senior notes			2,047						3,353
Unrealized foreign currency exchange losses			1,510						955
Capitalized research and development costs			16,259						12,645
Other			274						171
Total deferred tax assets			309,542						326,990
Less: Valuation allowances			(286,827)						(296,129)
Deferred tax assets, net of valuation allowance			22,715						30,861
Deferred tax liabilities:
Prepaid expenses and other assets			(11,201)						(11,399)
Operating lease obligation			(31)						(1,417)
Deferred revenue			(7,330)						(8,931)
Total deferred tax liabilities			(18,562)						(21,747)
Net deferred tax asset (liability)			$	4,153					$	9,114

(1)Includes $83.0 million of tax losses recorded in 2023 due to an impairment of investment in subsidiaries. An offsetting valuation allowance was recorded in 2023.

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes activity related to our gross unrecognized tax benefits, excluding interest and penalties, for the years ended December 31, 2024, 2023 and 2022 (in thousands):

			Year Ended December 31,
			2024						2023						2022
Beginning Balance			$	33,599					$	39,172					$	49,502
Increases related to prior year tax positions			1,450						—						—
Decreases related to prior year tax positions			(858)						—						(124)
Increases related to current year tax positions			658						790						3,028
Decreases based on settlements with taxing authorities			(1,965)						—						(109)
Decreases due to lapse of statute limitations			(10,234)						(6,743)						(12,410)
Foreign currency translation			(226)						380						(715)
Ending Balance			$	22,424					$	33,599					$	39,172

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

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