XML 89 R54.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Components of Income Before Income Taxes | The components of our income before income taxes for the years ended December 31, 2022, 2021 and 2020 are as follows:
(in thousands) |  | 2022 |  | 2021 |  | 2020
Income (loss) before income taxes: |  |  |  |  |  |
Domestic |  | $ | (110,610) |  |  | $ | 308,514 |  |  | $ | (45,973) |
Foreign |  | (10,199) |  |  | 11,026 |  |  | (97,437) |
Total |  | $ | (120,809) |  |  | $ | 319,540 |  |  | $ | (143,410) |
Components of Income Tax Provision | The components of income tax provision for the years ended December 31, 2022, 2021 and 2020 are as follows:
(in thousands) |  | 2022 |  | 2021 |  | 2020
Current: |  |  |  |  |  |
U.S. federal |  | $ | 119 |  |  | $ | (8,675) |  |  | $ | 1,294 |
State |  | (498) |  |  | 2,097 |  |  | 451 |
Foreign |  | 5,037 |  |  | 6,861 |  |  | 5,645 |
Total |  | 4,658 |  |  | 283 |  |  | 7,390 |
Deferred: |  |  |  |  |  |
U.S. federal |  | — |  |  | — |  |  | 67 |
State |  | — |  |  | — |  |  | — |
Foreign |  | (2,518) |  |  | (2,795) |  |  | (1,273) |
Total |  | (2,518) |  |  | (2,795) |  |  | (1,206) |
Total income tax (benefit) provision |  | $ | 2,140 |  |  | $ | (2,512) |  |  | $ | 6,184 |
Schedule of Effective Tax Rate Reconciliation | The overall effective tax rate differs from the statutory federal tax rate for the years ended December 31, 2022, 2021 and 2020 as follows:
|  | % of Pretax (Loss) Income
|  | 2022 |  | 2021 |  | 2020
Tax provision based on the federal statutory rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Increase in valuation allowances |  | (10.7) |  |  | (10.4) |  |  | (8.5) |
Dividends not taxable |  | — |  |  | — |  |  | 9.5 |
Net operating loss carryback claim |  | — |  |  | — |  |  | 6.2 |
Change in carryforward attributes |  | (1.9) |  |  | (0.7) |  |  | (3.2) |
Global intangible low-taxed income inclusion |  | (0.5) |  |  | 1.2 |  |  | (0.3) |
Non-deductible expenses |  | (1.6) |  |  | 1.4 |  |  | (13.5) |
Non-deductible earnout expense |  | (2.8) |  |  | — |  |  | — |
Foreign income tax rate differential |  | (0.3) |  |  | — |  |  | (3.3) |
Deemed income related to foreign operations |  | (0.2) |  |  | — |  |  | (1.6) |
Tax rate change |  | (1.2) |  |  | (0.7) |  |  | (0.3) |
Employee share-based payments |  | (1.6) |  |  | (1.3) |  |  | (1.4) |
Other |  | 0.4 |  |  | — |  |  | (0.4) |
Deferred and payable adjustments |  | (1.7) |  |  | 1.4 |  |  | (2.6) |
Non-deductible penalties |  | (2.5) |  |  | — |  |  | — |
State taxes, net of federal benefit, before valuation allowance |  | 1.4 |  |  | 1.0 |  |  | 0.5 |
Return-to-provision adjustments |  | (0.2) |  |  | (0.1) |  |  | 0.9 |
Other tax credits |  | 0.8 |  |  | (0.5) |  |  | 0.2 |
Uncertain tax positions and audit settlements |  | (0.2) |  |  | (3.0) |  |  | (7.5) |
Divestitures |  | — |  |  | (10.1) |  |  | — |
Effective tax rate |  | (1.8) | % |  | (0.8) | % |  | (4.3) | %
Components of Net Deferred Income Tax Assets and Net Deferred Income Tax Liabilities | The components of our net deferred income tax assets and net deferred income tax (liabilities) at December 31, 2022 and 2021 are as follows:
(in thousands) |  | 2022 |  | 2021
Deferred income tax assets: |  |  |  |
Intangible assets |  | $ | 8,601 |  |  | $ | 10,950 |
Stock options and restricted stock awards |  | 6,091 |  |  | 8,005 |
Reserves and allowances |  | 6,145 |  |  | 8,692 |
Net operating loss carryforwards |  | 51,845 |  |  | 38,394 |
Tax credit carryforwards |  | 19,649 |  |  | 19,967 |
Accrued liabilities |  | 2,518 |  |  | 2,893 |
Deferred revenue |  | 5,502 |  |  | 8,141 |
Lease tax assets |  | 9,589 |  |  | 10,362 |
Research expenditures capitalization |  | 11,140 |  |  | — |
Other |  | 1,180 |  |  | — |
Valuation allowance |  | (100,694) |  |  | (91,165) |
Total deferred income tax assets |  | 21,566 |  |  | 16,239 |
Deferred income tax liabilities: |  |  |  |
Intangible assets |  | 9,090 |  |  | 2,356 |
Property and equipment |  | 4,477 |  |  | 2,110 |
Lease tax liabilities |  | 7,785 |  |  | 8,458 |
Other |  | 807 |  |  | 434 |
Total deferred income tax liabilities |  | 22,159 |  |  | 13,358 |
Net deferred income tax (liabilities) assets |  | $ | (593) |  |  | $ | 2,881 |
Schedule of Unrecognized Tax Benefits |
|  | Unrecognized Tax Benefits*
(in thousands) |  | 2022 |  | 2021 |  | 2020
Balance at January 1 |  | $ | (17,261) |  |  | $ | (25,902) |  |  | $ | (15,467) |
Increases related to prior year tax positions |  | (192) |  |  | (467) |  |  | (10,426) |
Decreases related to prior year tax positions |  | 508 |  |  | 8,886 |  |  | 788 |
Decreases related to prior year tax positions as a result of lapse of statute |  | 145 |  |  | 371 |  |  | — |
Decreases related to settlement |  | — |  |  | 1,043 |  |  | — |
Increases related to current year tax positions |  | (269) |  |  | (553) |  |  | (797) |
Increases related to acquired tax positions |  | (119) |  |  | (639) |  |  | — |
Decreases related to acquired tax positions |  | 38 |  |  | — |  |  | — |
Balance at December 31 |  | $ | (17,150) |  |  | $ | (17,261) |  |  | $ | (25,902) |
* The unrecognized tax benefit balance includes an insignificant amount of interest and penalties.
Summary of Deferred Income Tax Asset Valuation Allowance | The following presents the changes in the balance of our deferred income tax asset valuation allowance:
Year Ended |  | Item |  | Balance at beginning of year |  | Additions (reductions) charged to expense |  | Other |  | Balance at end of year
2022 |  | Deferred income tax asset valuation allowance |  | $ | 91,165 |  |  | $ | 12,848 |  |  | $ | (3,319) |  |  | $ | 100,694 |
2021 |  | Deferred income tax asset valuation allowance |  | $ | 123,113 |  |  | $ | (31,948) |  |  | $ | — |  |  | $ | 91,165 |
2020 |  | Deferred income tax asset valuation allowance |  | $ | 109,643 |  |  | $ | 13,470 |  |  | $ | — |  |  | $ | 123,113 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfPositionsForWhichSignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration