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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

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,
			2022						2021						2020
United States income (loss)			$	(35,272)					$	121,180					$	95,115
Foreign income			1,420						1,836						1,375
Total income (loss) from continuing operations before income taxes			$	(33,852)					$	123,016					$	96,490

Schedule of provision (benefit) for income taxes

The provision (benefit) for income taxes for 2022, 2021 and 2020 consists of the following (in thousands):

			Years ended December 31,
			2022						2021						2020
Current:
Federal			$	802					$	532					$	—
State			1,874						4,344						1,316
Foreign			112						183						68
Total current			2,788						5,059						1,384
Deferred:
Federal			(1,275)						(49,045)						—
State			(50)						(4,763)						—
Foreign			(79)						(26)						(21)
Total deferred			(1,404)						(53,834)						(21)
Total provision (benefit) for income taxes			$	1,384					$	(48,775)					$	1,363

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 2022, 2021 and 2020 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,
			2022						2021						2020
U.S. federal income tax provision (benefit) at statutory rate			$	(7,109)					$	25,833					$	20,263
State income tax expense, net of federal benefit			(1,170)						5,734						3,224
Global intangible low-tax income			919						143						229
Non-deductible executive compensation			905						1,908						147
Stock based compensation expense			219						(3,851)						1,839
Other, net			(67)						(33)						(34)
Delaware gift card litigation reversal			—						—						(1,022)
Research and development credit			(2,956)						(1,419)						(1,266)
Change in valuation allowance			10,643						(77,090)						(22,017)
Total provision (benefit) for income taxes			$	1,384					$	(48,775)					$	1,363

Schedule of components of deferred tax assets and liabilities

The components of our deferred tax assets and liabilities as of December 31, 2022 and 2021 are as follows (in thousands):

			December 31,
			2022						2021
Deferred tax assets:
Net operating loss carryforwards			$	20,711					$	35,247
Research and development tax credits			20,549						19,551
Basis difference in equity securities			15,302						6,092
Capitalized software development			12,604						—
Unearned revenue			5,694						5,431
Accrued expenses			4,259						5,750
Reserves and other			2,592						2,835
Operating lease liabilities			1,844						3,128
Other tax credits and carryforwards			288						207
Intangible assets			208						135
Gross deferred tax assets			84,051						78,376
Valuation allowance			(21,459)						(11,384)
Total deferred tax assets			62,592						66,992
Deferred tax liabilities:
Basis difference in equity securities			(15,072)						(20,831)
Operating lease right-of-use assets			(1,702)						(3,077)
Fixed assets			(3,730)						(2,264)
Prepaid expenses			(649)						(785)
Total deferred tax liabilities			(21,153)						(26,957)
Total deferred tax assets (liabilities), net			$	41,439					$	40,035

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, 2022, 2021 and 2020 is as follows (in thousands):

			Year ended December 31,
			2022						2021						2020
Beginning balance			$	11,961					$	9,638					$	9,058
Additions for tax positions related to the current year			1,083						1,992						971
Additions (reductions) for tax positions taken in prior years			444						331						(35)
Reduction due to settlements			—						—						(301)
Reduction due to cash payments			—						—						(55)
Ending balance			$	13,488					$	11,961					$	9,638

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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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