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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of income (loss) before taxes

The components of (loss) income from continuing operations before income taxes consisted of the following (in thousands):

			Year ended December 31,
			2022						2021						2020
(Loss) income before income taxes:
United States			$	(84,784)					$	(29,985)					$	123,817
Foreign			(27,815)						(178,158)						(30,500)
			$	(112,599)					$	(208,143)					$	93,317

Schedule of income tax expense (benefit)

The (benefit) provision for income taxes from continuing operations consisted of the following (in thousands):

			Year ended December 31,
			2022						2021						2020
(Benefit) provision for income taxes:
Current:
Federal			$	(3,582)					$	5,033					$	677
State			2,573						1,836						1,310
Foreign			4,744						7,661						7,355
Total current			3,735						14,530						9,342
Deferred:
Federal			(10,333)						(38,027)						1,957
State			(4,045)						97						(15)
Foreign			(3,873)						(7,558)						(6,558)
Total deferred			(18,251)						(45,488)						(4,616)
Total			$	(14,516)					$	(30,958)					$	4,726

Schedule of effective income tax rate reconciliation

A reconciliation of the Company's effective tax rate for continuing operations to the U.S. statutory federal rate is as follows:

			Year ended December 31,
			2022						2021						2020
U.S. statutory income tax rate			21.0		%				21.0		%				21.0		%
State income taxes, net of federal benefit			1.8						(0.7)						1.1
Foreign income taxes			(1.4)						0.5						0.2
Stock-based compensation			(2.4)						(0.1)						1.0
Tax credits			2.2						1.6						(2.8)
Uncertain tax positions			1.3						0.5						0.5
Valuation allowance			(3.8)						2.5						(20.3)
Non-deductible goodwill impairment			—						(11.7)						—
Other permanent adjustments			(2.6)						0.9						1.8
Permanent foreign exchange adjustments			(1.4)						0.5						1.8
Other, net			(1.8)						(0.1)						0.8
Effective income tax rate			12.9		%				14.9		%				5.1		%

Summary of deferred tax assets and liabilities

The following is a summary of the significant components of deferred income tax assets and liabilities (in thousands):

			December 31,
			2022						2021
Assets:
Net operating loss carryforwards			$	413,773					$	437,669
Capital loss carryforwards			99,505						79,716
Tax credit carryforwards			28,902						23,450
Capitalized research and development expenses			40,668						18,106
Deferred revenue			3,510						3,472
Accrued expenses			9,068						7,505
Inventory			2,820						3,102
Stock-based compensation			1,709						1,689
Fixed assets			2,506						2,710
Lease liabilities			12,829						15,250
Mark-to-market investments			—						1,714
Other temporary differences			1,324						3,839
			616,614						598,222
Valuation allowance			(488,550)						(471,515)
Total deferred tax assets			128,064						126,707
Liabilities:
Intangible assets			(55,037)						(65,647)
Operating lease right-of-use assets			(8,519)						(10,370)
Interest rate swap			(6,168)						—
Unremitted foreign income			(8,441)						(11,519)
Total deferred tax liabilities			(78,165)						(87,536)
Total net deferred tax assets			$	49,899					$	39,171

The deferred tax assets and liabilities based on tax jurisdictions are presented in the Company's consolidated balance sheets as follows:

			December 31,
			2022						2021
Deferred income taxes - net noncurrent assets			$	53,649					$	47,287
Deferred income taxes - net noncurrent liabilities			(3,750)						(8,116)
			$	49,899					$	39,171

Schedule of unrecognized tax benefits

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

			Year ended December 31,
			2022						2021						2020
Unrecognized tax benefits at January 1			$	17,813					$	14,054					$	2,932
Increases related to current year tax positions			156						4,017						485
Increases related to prior period tax positions			40						3,168						11,209
Decreases related to the lapse of the applicable statute of limitations			(560)						(3,087)						(122)
Decreases related to prior period tax positions			$	(5,448)					$	(339)					$	(450)
Unrecognized tax benefits at December 31			$	12,001					$	17,813					$	14,054

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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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