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INCOME TAXES (Tables)

12 Months Ended

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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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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