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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Domestic and Foreign Components of (Loss) Income Before Income Taxes | The following table presents domestic and foreign components of (loss) income before income taxes for the tax years ended December 31, 2024, 2023 and 2022:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In thousands)
United States | $ | 7,670 |  |  | $ | 759 |  |  | $ | 30,594 |
International | (16,623) |  |  | (20,062) |  |  | (13,288) |
(Loss) income before income taxes | $ | (8,953) |  |  | $ | (19,303) |  |  | $ | 17,306 |
Schedule of Benefit for Income Taxes from Operations | Benefit for income taxes from operations consists of the following:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In thousands)
Current: |  |  |  |  |
Federal | $ | (342) |  |  | $ | (653) |  |  | $ | (2,717) |
State | (1,581) |  |  | (1,309) |  |  | (803) |
Foreign | (1,053) |  |  | (2,219) |  |  | (815) |
Total | (2,976) |  |  | (4,181) |  |  | (4,335) |
Deferred: |  |  |  |  |
Federal | 29 |  |  | (75) |  |  | 1,004 |
State | — |  |  | — |  |  | (1) |
Foreign | 5,376 |  |  | 7,216 |  |  | 5,596 |
Total | 5,405 |  |  | 7,141 |  |  | 6,599 |
Income tax benefit | $ | 2,429 |  |  | $ | 2,960 |  |  | $ | 2,264 |
Schedule of Reconciliation ofStatutory Federal Tax Rate and Effective Tax Rate | The following table presents a reconciliation of the statutory federal tax rate and the Company’s effective tax rate for the years ended December 31, 2024, 2023 and 2022:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Federal Tax Rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State Tax Rate - statutory blended rate | 4.2 |  |  | 4.3 |  |  | 4.3 |
Other effective state tax adjustments | (8.5) |  |  | (5.2) |  |  | 3.6 |
Non-deductible expenses | (4.6) |  |  | (4.1) |  |  | 4.0 |
Non-deductible executive compensation | (12.4) |  |  | — |  |  | — |
Research tax benefits | 49.4 |  |  | 24.4 |  |  | (31.6) |
Stock-based compensation | 1.2 |  |  | (18.0) |  |  | 6.3 |
Change in valuation allowance | (22.8) |  |  | (11.7) |  |  | (16.1) |
Deferred tax rate change | 0.1 |  |  | 0.6 |  |  | 0.5 |
Intangibles and deferred adjustments | (7.3) |  |  | — |  |  | (4.7) |
Foreign rate differential | 5.4 |  |  | 2.8 |  |  | 1.6 |
Other | 1.4 |  |  | 1.2 |  |  | (2.0) |
Total | 27.1 | % |  | 15.3 | % |  | (13.1) | %
Schedule of Significant Components of Net Deferred Tax Liability | The following table presents the significant components of the Company’s net deferred tax liability:
| As of December 31,
| 2024 |  | 2023
| (In thousands)
Deferred tax assets: |  |  |
Allowance for doubtful accounts | $ | 276 |  |  | $ | 80 |
Accrued liabilities | 3,256 |  |  | 3,459 |
Operating lease liabilities | 56,788 |  |  | 57,152 |
Deferred revenue | 1,913 |  |  | 1,915 |
Stock-based compensation | 2,826 |  |  | 3,363 |
Capitalized research and development expenses | 44,716 |  |  | 40,306 |
Tax credits | 15,694 |  |  | 12,994 |
Net operating losses | 12,761 |  |  | 17,421 |
Other deferred tax assets | 1,859 |  |  | 3,238 |
Gross deferred tax assets | 140,089 |  |  | 139,928 |
Less: valuation allowance | (70,008) |  |  | (67,950) |
Total deferred tax assets | 70,081 |  |  | 71,978 |
Deferred tax liabilities: |  |  |
Property, plant and equipment | 22,436 |  |  | 24,469 |
Goodwill | 1,554 |  |  | 1,416 |
Intangibles | 34,305 |  |  | 39,334 |
Operating lease assets | 39,090 |  |  | 39,780 |
Total deferred tax liabilities | 97,385 |  |  | 104,999 |
Net deferred tax liability | $ | (27,304) |  |  | $ | (33,021) |
Schedule of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| Year Ended December 31,
| 2024 |  | 2023
| (In thousands)
Unrecognized tax benefits—January 1, | $ | 6,170 |  |  | $ | 4,800 |
Gross increases—tax positions in prior period | 91 |  |  | 142 |
Gross increases—tax positions in current period | 1,177 |  |  | 1,228 |
Unrecognized tax benefits—December 31, | $ | 7,438 |  |  | $ | 6,170 |

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