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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Taxes | Income before income taxes and the provision for income taxes consisted of the following:
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | (In thousands) |
United States |  | $ | 42,219 |  |  | $ | 42,124 |  |  | $ | 16,035 |
International |  |  | 23,285 |  |  |  | 28,679 |  |  |  | 13,536 |
Total |  | $ | 65,504 |  |  | $ | 70,803 |  |  | $ | 29,571 |
Schedule of Components of Income Tax Expense (Benefit) |
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | (In thousands) |
Current: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  | $ | 6,198 |  |  | $ | 12,913 |  |  | $ | 4,761 |
State |  |  | 644 |  |  |  | 3,587 |  |  |  | 791 |
Foreign |  |  | 5,000 |  |  |  | 5,178 |  |  |  | (386 | )
|  |  | 11,842 |  |  |  | 21,678 |  |  |  | 5,166 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  |  | 4,607 |  |  |  | (3,052 | ) |  |  | (574 | )
State |  |  | 595 |  |  |  | (6,408 | ) |  |  | 104 |
Foreign |  |  | (927 | ) |  |  | 292 |  |  |  | (916 | )
|  |  | 4,275 |  |  |  | (9,168 | ) |  |  | (1,386 | )
Total |  | $ | 16,117 |  |  | $ | 12,510 |  |  | $ | 3,780 |
Schedule of Deferred Tax Assets and Liabilities | Net deferred tax assets consisted of the following:
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |
|  | (In thousands) |
Deferred Tax Assets: |  |  |  |  |  |  |  |
Accruals and allowances |  | $ | 25,737 |  |  | $ | 25,041 |
Net operating loss carryforwards |  |  | 1,010 |  |  |  | 1,352 |
Stock-based compensation |  |  | 4,032 |  |  |  | 5,374 |
Operating lease liability |  |  | 4,060 |  |  |  | 5,303 |
Deferred revenue |  |  | 1,212 |  |  |  | 641 |
Acquired intangibles |  |  | 29,857 |  |  |  | 33,860 |
Depreciation and amortization |  |  | 1,661 |  |  |  | 1,651 |
Other |  |  | 3,971 |  |  |  | 3,285 |
Total deferred tax assets |  |  | 71,540 |  |  |  | 76,507 |
Deferred Tax Liabilities: |  |  |  |  |  |  |  |
Right of use asset |  |  | (3,130 | ) |  |  | (4,264 | )
Other |  |  | (1,083 | ) |  |  | (987 | )
Total deferred tax liabilities |  |  | (4,213 | ) |  |  | (5,251 | )
Valuation Allowance(1) |  |  | (3,532 | ) |  |  | (2,933 | )
Net deferred tax assets |  | $ | 63,795 |  |  | $ | 68,323 |
(1) | Valuation allowance is presented gross. The valuation allowance net of the federal tax effect was $3.5 million and $2.9 million for the years ended December 31, 2021 and 2020, respectively.
Schedule of Effective Income Tax Rate Reconciliation | The effective tax rate differed from the applicable U.S. statutory federal income tax rate as follows:
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Tax at federal statutory rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
State, net of federal benefit |  |  | 1.4 | % |  |  | 2.9 | % |  |  | 2.4 | %
Impact of international operations |  |  | (1.8 | )% |  |  | (5.0 | )% |  |  | (0.8 | )%
Stock-based compensation |  |  | 2.9 | % |  |  | 5.4 | % |  |  | 10.7 | %
Tax credits |  |  | (1.9 | )% |  |  | (2.3 | )% |  |  | (5.9 | )%
Valuation allowance |  |  | 0.3 | % |  |  | 1.8 | % |  |  | 0.9 | %
State Valuation Allowance Release |  |  | — | % |  |  | (5.8 | )% |  |  | — | %
Base Erosion Anti-Abuse Tax |  |  | 3.7 | % |  |  | — | % |  |  | 7.2 | %
Transaction costs |  |  | (0.9 | )% |  |  | — | % |  |  | (2.5 | )%
Recognition of previously unrecognized tax benefits |  | 0.0% |  |  |  | 0.3 | % |  |  | (20.6 | )%
Others |  |  | (0.1 | )% |  |  | (0.6 | )% |  |  | 0.4 | %
Provision for income taxes |  |  | 24.6 | % |  |  | 17.7 | % |  |  | 12.8 | %
Schedule of Reconciliation of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of gross unrecognized tax benefits (“UTB”) is as follows:
|  | Federal, State, and Foreign Tax |
|  | (In thousands) |
Balance as of December 31, 2018 |  | $ | 11,983 |
Additions based on tax positions related to the current year |  |  | 385 |
Additions for tax positions of prior years |  |  | 996 |
Settlements |  |  | (705 | )
Reductions for tax positions of prior years |  |  | (3,440 | )
Reductions due to lapse of applicable statutes |  |  | (609 | )
Adjustments due to foreign exchange rate movement |  |  | 459 |
Balance as of December 31, 2019 |  |  | 9,069 |
Additions based on tax positions related to the current year |  |  | 442 |
Additions for tax positions of prior years |  |  | 253 |
Reductions due to lapse of applicable statutes |  |  | (744 | )
Adjustments due to foreign exchange rate movement |  |  | 522 |
Balance as of December 31, 2020 |  |  | 9,542 |
Additions based on tax positions related to the current year |  |  | 463 |
Additions for tax positions of prior years |  |  | 50 |
Reductions due to lapse of applicable statutes |  |  | (556 | )
Adjustments due to foreign exchange rate movement |  |  | (295 | )
Balance as of December 31, 2021 |  | $ | 9,204 |

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