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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of income tax provisions | Benefit from (provision for) income taxes the years ended December 31, 2022 and 2021 consisted of the following (in thousands):
|  |  | Years Ended December 31,
|  |  |  |  | 2022 |  | 2021
Income before benefit from (provision for) income taxes |  |  |  |  | 26,965 |  |  | 17,290 |
Benefit from (provision for) income taxes |  |  |  |  | 3,699 |  |  | (4,806) |
Effective tax rate |  |  |  |  | (13.7) | % |  | 27.8 | %
Schedule of pre-tax book income or loss from continuing operations | The components of our income before benefit from (provision for) income taxes were as follows (in thousands):
| Years Ended December 31,
| 2022 |  | 2021
Domestic | $ | 14,552 |  |  | $ | 5,893 |
Foreign | 12,413 |  |  | 11,397 |
Total | $ | 26,965 |  |  | $ | 17,290 |
Schedule of provisions for income taxes | The benefit from (provision for) income taxes consisted of the following (in thousands):
| Years Ended December 31,
| 2022 |  | 2021
Current: |  |  |
U.S. federal | $ | 458 |  |  | $ | 3,285 |
States and local | 74 |  |  | 2 |
Foreign | 871 |  |  | 934 |
Total current | 1,403 |  |  | 4,221 |
Deferred: |  |  |
U.S. federal | (5,694) |  |  | — |
States and local | — |  |  | — |
Foreign | 592 |  |  | 585 |
Total deferred | (5,102) |  |  | 585 |
Total benefit from (provision for) income taxes | $ | (3,699) |  |  | $ | 4,806 |
Details of significant components of net deferred tax assets and liabilities | Significant components of the net deferred tax assets and liabilities consisted of (in thousands):
| December 31,
| 2022 |  | 2021
Deferred tax assets: |  |  |
Net operating loss carryforwards | $ | 5,391 |  |  | $ | 7,638 |
State income taxes | 15 |  |  | 1 |
Deferred revenue | 3,498 |  |  | 4,502 |
Research and development and other credits | 3,757 |  |  | 10,493 |
Reserve and accruals recognized in different periods | 1,692 |  |  | 395 |
Capitalized research and development expenses | 3,019 |  |  | 3,333 |
Depreciation and amortization | 1,802 |  |  | 2,492 |
Lease liability | 104 |  |  | 339 |
Total deferred tax assets | 19,278 |  |  | 29,193 |
Valuation allowance | (12,341) |  |  | (27,239) |
Net deferred tax assets | 6,937 |  |  | 1,954 |
Deferred tax liabilities: |  |  |
Right of use lease assets | (67) |  |  | (185) |
Foreign credits | — |  |  | — |
Other deferred tax liabilities | — |  |  | — |
Total deferred tax liabilities | (67) |  |  | (185) |
Net deferred taxes | $ | 6,870 |  |  | $ | 1,769 |
Reconciliation between provision for income taxes at statutory rate and effective tax rate | The reconciliation of federal statutory income tax rate to our effective tax rate was as follows (in thousands):
| Years Ended December 31,
| 2022 |  | 2021
Federal statutory rate | 21.0 | % |  | 21.0 | %
Foreign withholding | 0.3 | % |  | 0.4 | %
Stock-based compensation expense | 0.3 | % |  | 0.6 | %
Foreign rate differential | (2.3) | % |  | (7.9) | %
Prior year true-up items | (0.9) | % |  | 0.1 | %
Tax reserves | 5.3 | % |  | (2.3) | %
Loss on expiration of capital loss carryover | — | % |  | — | %
FTC | 1.4 | % |  | — | %
Other | 0.7 | % |  | 2.7 | %
FTC conversion true up | — | % |  | (11.1) | %
2017 Tax Act impact | — | % |  | — | %
State taxes, net of federal benefit | 0.2 | % |  | — | %
Global intangible low-taxed income | 6.4 | % |  | 9.7 | %
Nondeductible officers compensation | 1.1 | % |  | — | %
Irish corporation restructure | — | % |  | — | %
Valuation allowance | (47.2) | % |  | 14.6 | %
Effective tax rate | (13.7) | % |  | 27.8 | %
Reconciliation of beginning and ending amount of gross unrecognized tax benefits | A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands):
| Years Ended December 31,
| 2022 |  | 2021
Balance at beginning of year | 7,569 |  |  | 4,525 |
Gross increases for tax positions of prior years | (2,170) |  |  | 1 |
Gross decreases for federal tax rate change for tax positions of prior years | 647 |  |  | — |
Gross increases for tax positions of current year | 1,146 |  |  | 3,296 |
Settlements | — |  |  | — |
Lapse of statute of limitations | (99) |  |  | (253) |
Balance at end of year | 7,093 |  |  | 7,569 |

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