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INCOME TAXES (Tables)

12 Months Ended

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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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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