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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 | For financial reporting purposes, income (loss) from continuing operations before income taxes includes the following components (in thousands):
|  | Years ended December 31,
|  | 2021 |  | 2020 |  | 2019
United States income (loss) |  | $ | 121,180 |  |  | $ | 95,115 |  |  | $ | (62,917) |
Foreign income |  | 1,836 |  |  | 1,375 |  |  | 1,069 |
Total income (loss) from continuing operations before income taxes |  | $ | 123,016 |  |  | $ | 96,490 |  |  | $ | (61,848) |
Schedule of provision (benefit) for income taxes | The provision (benefit) for income taxes for 2021, 2020 and 2019 consists of the following (in thousands):
|  | Years ended December 31,
|  | 2021 |  | 2020 |  | 2019
Current: |  |  |  |  |  |
Federal |  | $ | 532 |  |  | $ | — |  |  | $ | (49) |
State |  | 4,344 |  |  | 1,316 |  |  | 191 |
Foreign |  | 183 |  |  | 68 |  |  | 136 |
Total current |  | 5,059 |  |  | 1,384 |  |  | 278 |
Deferred: |  |  |  |  |  |
Federal |  | (49,045) |  |  | — |  |  | 612 |
State |  | (4,763) |  |  | — |  |  | 172 |
Foreign |  | (26) |  |  | (21) |  |  | (2) |
Total deferred |  | (53,834) |  |  | (21) |  |  | 782 |
Total provision (benefit) for income taxes |  | $ | (48,775) |  |  | $ | 1,363 |  |  | $ | 1,060 |
Schedule of difference in income tax provision from amount computed by applying U.S. federal income tax rate of 35% to loss before income taxes | The provision (benefit) for income taxes for 2021, 2020 and 2019 differ from the amounts computed by applying the U.S. federal income tax rate of 21% to income (loss) before income taxes for the following reasons (in thousands):
|  | Year ended December 31,
|  | 2021 |  | 2020 |  | 2019
U.S. federal income tax provision (benefit) at statutory rate |  | $ | 25,833 |  |  | $ | 20,263 |  |  | $ | (12,988) |
State income tax expense, net of federal benefit |  | 5,734 |  |  | 3,224 |  |  | (2,373) |
Non-deductible executive compensation |  | 1,908 |  |  | 147 |  |  | — |
Other, net |  | 110 |  |  | (165) |  |  | 399 |
Gain on subsidiary stock |  | — |  |  | 360 |  |  | (855) |
Delaware gift card litigation reversal |  | — |  |  | (1,022) |  |  | — |
Research and development credit |  | (1,419) |  |  | (1,266) |  |  | (1,677) |
Stock based compensation expense |  | (3,851) |  |  | 1,839 |  |  | 976 |
Change in valuation allowance |  | (77,090) |  |  | (22,017) |  |  | 17,578 |
Total provision (benefit) for income taxes |  | $ | (48,775) |  |  | $ | 1,363 |  |  | $ | 1,060 |
Schedule of components of deferred tax assets and liabilities | The components of our deferred tax assets and liabilities as of December 31, 2021 and 2020 are as follows (in thousands):
|  | December 31,
|  | 2021 |  | 2020
Deferred tax assets: |  |  |  |
Net operating loss carryforwards |  | $ | 35,247 |  |  | $ | 88,990 |
Research and development tax credits |  | 19,551 |  |  | 20,067 |
Basis difference in equity securities |  | 6,092 |  |  | 8,079 |
Accrued expenses |  | 5,750 |  |  | 7,168 |
Unearned revenue |  | 5,431 |  |  | 4,747 |
Operating lease liabilities |  | 3,128 |  |  | 6,604 |
Reserves and other |  | 2,835 |  |  | 3,877 |
Other tax credits and carryforwards |  | 207 |  |  | 253 |
Intangible assets |  | 135 |  |  | 2,897 |
Interest expense carryforward |  | — |  |  | 1,799 |
Gross deferred tax assets |  | 78,376 |  |  | 144,481 |
Valuation allowance |  | (11,384) |  |  | (134,305) |
Total deferred tax assets |  | 66,992 |  |  | 10,176 |
Deferred tax liabilities: |  |  |  |
Basis difference in equity securities |  | (20,831) |  |  | (218) |
Operating lease right-of-use assets |  | (3,077) |  |  | (6,152) |
Fixed assets |  | (2,264) |  |  | (2,236) |
Prepaid expenses |  | (785) |  |  | (777) |
Goodwill |  | — |  |  | (934) |
Total deferred tax liabilities |  | (26,957) |  |  | (10,317) |
Total deferred tax assets (liabilities), net |  | $ | 40,035 |  |  | $ | (141) |
Schedule of reconciliation of beginning and ending tax contingencies, excluding interest and penalties | A reconciliation of the beginning and ending unrecognized tax benefits, excluding interest and penalties, as of December 31, 2021, 2020 and 2019 is as follows (in thousands):
|  | Year ended December 31,
|  | 2021 |  | 2020 |  | 2019
Beginning balance |  | $ | 9,638 |  |  | $ | 9,058 |  |  | $ | 7,974 |
Additions for tax positions related to the current year |  | 1,992 |  |  | 971 |  |  | 1,064 |
Additions (reductions) for tax positions taken in prior years |  | 331 |  |  | (35) |  |  | 20 |
Reduction due to settlements |  | — |  |  | (301) |  |  | — |
Reduction due to cash payments |  | — |  |  | (55) |  |  | — |
Ending balance |  | $ | 11,961 |  |  | $ | 9,638 |  |  | $ | 9,058 |

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