XML 72 R55.htm IDEA: XBRL DOCUMENT v3.25.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Loss Before Income Taxes

The components of our loss before income taxes for the years ended December 31, 2024, 2023 and 2022 are as follows:

						Year Ended December 31,
(in thousands)						2024						2023						2022
Loss before income taxes:
Domestic						$	(160,709)					$	(239,971)					$	(110,610)
Foreign						(89,287)						(122,341)						(10,199)
Total						$	(249,996)					$	(362,312)					$	(120,809)

Schedule of Components of Income Tax Provision

The components of our income tax provision for the years ended December 31, 2024, 2023 and 2022 are as follows:

(in thousands)						2024						2023						2022
Current:
U.S. federal						$	24					$	135					$	119
State						301						(50)						(498)
Foreign						2,820						1,686						5,037
Total						3,145						1,771						4,658
Deferred:
U.S. federal						—						—						—
State						—						—						—
Foreign						(952)						(2,412)						(2,518)
Total						(952)						(2,412)						(2,518)
Total income tax (benefit) provision						$	2,193					$	(641)					$	2,140

Schedule of Effective Tax Rate Reconciliation

The overall effective tax rate differs from the statutory federal tax rate for the years ended December 31, 2024, 2023 and 2022 as follows:

						% of Pretax (Loss) Income
						2024						2023						2022
Tax provision based on the federal statutory rate						21.0		%				21.0		%				21.0		%
Increase in valuation allowances						(17.3)						(6.5)						(10.7)
Change in carryforward attributes						—						—						(1.9)
Global intangible low-taxed income inclusion						—						(0.4)						(0.5)
Non-deductible expenses						—						—						(1.6)
Non-deductible earnout expense						—						1.0						(2.8)
Goodwill impairment charge						(8.7)						(14.6)						—
Foreign income tax rate differential						0.2						0.5						(0.3)
Deemed income related to foreign operations						(0.6)						(0.3)						(0.2)
Tax rate change						(0.1)						—						(1.2)
Employee share-based payments						(0.3)						(0.5)						(1.6)
Other						(0.3)						(0.7)						0.4
Deferred and payable adjustments						1.3						(1.3)						(1.7)
Non-deductible penalties						—						—						(2.5)
State taxes, net of federal benefit, before valuation allowance						1.2						0.7						1.4
Return-to-provision adjustments						(0.5)						0.2						(0.2)
Other tax credits						2.0						1.1						0.8
Uncertain tax positions and audit settlements						1.3						—						(0.2)
Effective tax rate						(0.8)		%				0.2		%				(1.8)		%

Schedule of Unrecognized Tax Benefits Roll Forward

The components of our net deferred income tax assets and net deferred income tax (liabilities) at December 31, 2024 and 2023 are as follows:

(in thousands)						2024						2023
Deferred income tax assets:
Intangible assets						$	15,685					$	13,830
Stock options and restricted stock awards						3,032						5,409
Reserves and allowances						6,879						6,395
Net operating loss carryforwards						59,641						47,875
Tax credit carryforwards						31,326						25,286
Accrued liabilities						2,681						2,371
Deferred revenue						2,176						2,783
Lease tax assets						17,498						15,985
Research expenditures capitalization						44,773						30,601
Other						3,236						1,227
Valuation allowance						(168,299)						(125,533)
Total deferred income tax assets						18,628						26,229
Deferred income tax liabilities:
Intangible assets						2,081						8,688
Property and equipment						2,352						4,082
Lease tax liabilities						14,159						13,924
Other						49						467
Total deferred income tax liabilities						18,641						27,161
Net deferred income tax liabilities						$	(13)					$	(932)

We include interest and penalties in the consolidated financial statements as a component of income tax expense.

						Unrecognized Tax Benefits(1)
(in thousands)						2024						2023						2022
Balance at January 1						$	(18,604)					$	(17,150)					$	(17,261)
Increases related to prior year tax positions						(1,170)						(99)						(192)
Decreases related to prior year tax positions						4,337						107						508
Decreases related to prior year tax positions as a result of lapse of statute						—						271						145
Decreases related to settlement						—						—						—
Increases related to current year tax positions						(976)						(1,733)						(269)
Increases related to acquired tax positions						—						—						(119)
Decreases related to acquired tax positions						—						—						38
Balance at December 31						$	(16,413)					$	(18,604)					$	(17,150)

(1) The unrecognized tax benefit balance as of December 31, 2024, 2023, and 2022 includes $1.3 million, $0.3 million, and $0.3 million of interest and penalty, respectively.

Schedule 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(1)						Balance at end of year
2024						Deferred income tax asset valuation allowance						$	125,533					$	43,365					$	(599)					$	168,299
2023						Deferred income tax asset valuation allowance						$	100,694					$	23,606					$	1,233					$	125,533
2022						Deferred income tax asset valuation allowance						$	91,165					$	12,848					$	(3,319)					$	100,694

(1) The Other portion of changes to our valuation allowance consists primarily of the impact of acquisitions and changes in foreign currency translation rates.

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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ 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 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://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ 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
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ 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 the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration