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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2023
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,
| 2023 |  | 2022 |  | 2021
United States income (loss) | $ | (267,058) |  |  | $ | (35,272) |  |  | $ | 121,180 |
Foreign income | 936 |  |  | 1,420 |  |  | 1,836 |
Total income (loss) from continuing operations before income taxes | $ | (266,122) |  |  | $ | (33,852) |  |  | $ | 123,016 |
Schedule of provision (benefit) for income taxes | The provision (benefit) for income taxes for 2023, 2022 and 2021 consists of the following (in thousands):
| Years ended December 31,
| 2023 |  | 2022 |  | 2021
Current: |  |  |  |  |
Federal | $ | (55) |  |  | $ | 802 |  |  | $ | 532 |
State | 369 |  |  | 1,874 |  |  | 4,344 |
Foreign | 58 |  |  | 112 |  |  | 183 |
Total current | 372 |  |  | 2,788 |  |  | 5,059 |
Deferred: |  |  |  |  |
Federal | 37,160 |  |  | (1,275) |  |  | (49,045) |
State | 4,201 |  |  | (50) |  |  | (4,763) |
Foreign | (13) |  |  | (79) |  |  | (26) |
Total deferred | 41,348 |  |  | (1,404) |  |  | (53,834) |
Total provision (benefit) for income taxes | $ | 41,720 |  |  | $ | 1,384 |  |  | $ | (48,775) |
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 2023, 2022 and 2021 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,
| 2023 |  | 2022 |  | 2021
U.S. federal income tax provision (benefit) at statutory rate | $ | (55,886) |  |  | $ | (7,109) |  |  | $ | 25,833 |
State income tax expense, net of federal benefit | (12,297) |  |  | (1,170) |  |  | 5,734 |
Research and development credit | (3,245) |  |  | (2,956) |  |  | (1,419) |
Global intangible low-tax income | (736) |  |  | 919 |  |  | 143 |
Other, net | (1) |  |  | (67) |  |  | (33) |
Non-deductible executive compensation | 762 |  |  | 905 |  |  | 1,908 |
Stock-based compensation expense | 2,477 |  |  | 219 |  |  | (3,851) |
Change in valuation allowance | 110,646 |  |  | 10,643 |  |  | (77,090) |
Total provision (benefit) for income taxes | $ | 41,720 |  |  | $ | 1,384 |  |  | $ | (48,775) |
Schedule of components of deferred tax assets and liabilities | The components of our deferred tax assets and liabilities as of December 31, 2023 and 2022 are as follows (in thousands):
| December 31,
| 2023 |  | 2022
Deferred tax assets: |  |  |
Basis difference in equity securities | $ | 34,729 |  |  | $ | 15,302 |
Net operating loss carryforwards | 29,440 |  |  | 20,711 |
Capitalized software development | 25,840 |  |  | 12,604 |
Research and development tax credits | 24,202 |  |  | 20,549 |
Unearned revenue | 7,925 |  |  | 5,694 |
Property and equipment, net held for sale | 6,484 |  |  | 255 |
Accrued expenses | 4,275 |  |  | 4,259 |
Reserves and other | 2,551 |  |  | 2,592 |
Operating lease liabilities | 861 |  |  | 1,844 |
Other tax credits and carryforwards | 270 |  |  | 288 |
Intangible assets | 117 |  |  | 208 |
Gross deferred tax assets | 136,694 |  |  | 84,306 |
Valuation allowance | (132,105) |  |  | (21,459) |
Total deferred tax assets | 4,589 |  |  | 62,847 |
Deferred tax liabilities: |  |  |
Basis difference in equity securities | — |  |  | (15,072) |
Property and equipment, net | (3,125) |  |  | (3,985) |
Operating lease right-of-use assets | (786) |  |  | (1,702) |
Prepaid expenses | (587) |  |  | (649) |
Total deferred tax liabilities | (4,498) |  |  | (21,408) |
Total deferred tax assets, net | $ | 91 |  |  | $ | 41,439 |
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, 2023, 2022 and 2021 is as follows (in thousands):
| Year ended December 31,
| 2023 |  | 2022 |  | 2021
Beginning balance | $ | 13,488 |  |  | $ | 11,961 |  |  | $ | 9,638 |
Additions for tax positions related to the current year | 1,258 |  |  | 1,083 |  |  | 1,992 |
Additions for tax positions taken in prior years | 274 |  |  | 444 |  |  | 331 |
Ending balance | $ | 15,020 |  |  | $ | 13,488 |  |  | $ | 11,961 |

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