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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

The components of income tax expense included in our consolidated statements of operations were as follows:

			Year Ended December 31,
			2024						2023						2022
			(In thousands)
Current:
Federal			$	10,972					$	15,036					$	20,304
State			2,896						3,881						5,413
Foreign			651						861						666
Current income tax expense			14,519						19,778						26,383
Deferred:
Federal			(7,449)						(9,040)						(4,031)
State			(2,906)						(2,666)						(2,730)
Foreign			(1)						(161)						87
Deferred income tax benefit			(10,356)						(11,867)						(6,674)
Income tax expense			$	4,163					$	7,911					$	19,709

Schedule of Reconciliation of Effective Tax Rate

The sources and tax effects of the differences are as follows:

			Year Ended December 31,
			2024						2023						2022
U.S. federal statutory tax rate			21.0		%				21.0		%				21.0		%
State income taxes, net of federal tax benefit			2.1						2.0						2.2
Foreign tax rate differential			1.0						(1.5)						(0.3)
General business credits			10.2						(25.0)						(3.2)
Stock-based compensation			(31.4)						28.8						3.2
Bank owned life insurance income			2.6						(4.2)						(0.7)
Bank owned life insurance surrender			(10.0)						—						—
Nondeductible penalties			(22.4)						29.1						0.1
Global intangible low-tax income tax			(1.4)						2.0						0.3
IRC 162(m) limitation			12.7						0.4						0.8
Change in valuation allowance			(1.9)						—						—
Other			(1.0)						1.5						0.1
Effective tax rate			(18.5)		%				54.1		%				23.5		%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary difference that give rise to significant portions of our deferred tax assets and liabilities were as follows:

			December 31,
			2024						2023
			(In thousands)
Deferred tax assets:
Net operating loss carryforwards			$	8,424					$	8,349
Stock-based compensation			8,370						8,695
Reserve for overdrawn accounts			6,736						6,441
Accrued liabilities			5,051						3,071
Lease liabilities			1,895						1,110
Internal-use software costs			7,768						—
Tax credit carryforwards			13,296						12,641
Unrealized loss on available-for-sale securities			91,583						94,338
Other			5,840						4,259
Unrealized loss on equity securities			628						—
Capital loss carryforwards			13						—
Gross deferred tax assets			149,604						138,904
Valuation allowance			(519)						—
Total deferred tax assets			$	149,085					$	138,904
Deferred tax liabilities:
Internal-use software costs			$	—					$	1,458
Property and equipment, net			1,274						1,237
Deferred expenses			312						390
Intangible assets			21,335						17,786
Lease right-of-use assets			1,759						894
Total deferred tax liabilities			24,680						21,765
Net deferred tax assets			$	124,405					$	117,139

Schedule of Unrecognized Tax Benefits Roll Forward

The reconciliation of the beginning unrecognized tax benefits balance to the ending balance is as follows:

			Year Ended December 31,
			2024						2023						2022
			(In thousands)
Beginning balance			$	12,109					$	11,178					$	10,972
Increases related to positions taken during prior years			27						543						6
Increases related to positions taken during the current year			1,339						1,431						1,260
Decreases related to positions taken during prior years			(44)						—						—
Decreases related to positions settled with tax authorities			(86)						(90)						—
Decreases due to a lapse of applicable statute of limitations			(804)						(953)						(1,060)
Ending balance			$	12,541					$	12,109					$	11,178
The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate			$	11,999					$	11,611					$	10,720

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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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