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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of provision (benefit) for income taxes | The Company’s provision (benefit) for income taxes consists of the following during the years ended December 31, 2024, 2023, and 2022:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |
Federal | $ | — |  |  | $ | 2,411 |  |  | $ | 15,793 |
State | 300 |  |  | 1,871 |  |  | (1,090) |
Foreign | 2,627 |  |  | (2,438) |  |  | 279 |
Total current provision | 2,927 |  |  | 1,844 |  |  | 14,982 |
Deferred: |  |  |  |  |
Federal | 18,154 |  |  | (30,049) |  |  | (60,736) |
State | 632 |  |  | (10,294) |  |  | (19,544) |
Foreign | 412 |  |  | (616) |  |  | 46 |
Total deferred | 19,198 |  |  | (40,959) |  |  | (80,234) |
Total (benefit from) provision for income taxes | $ | 22,125 |  |  | $ | (39,115) |  |  | $ | (65,252) |
Schedule of reconciliation effective tax rate for income (loss) before income taxes | A reconciliation of the federal statutory rate of 21.0% to the effective tax rate for loss from continuing operations before income taxes is as follows during the years ended December 31, 2024, 2023, and 2022:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Provision for income taxes at federal statutory rate | (21.0 | %) |  | (21.0 | %) |  | (21.0 | %)
State income taxes, net of federal benefit | (6.3 | %) |  | (6.4 | %) |  | (7.0 | %)
Employee stock based compensation | 0.5 | % |  | 1.3 | % |  | (1.8 | %)
Bargain purchase | — | % |  | (2.0 | %) |  | — | %
Foreign tax differential | — | % |  | (3.5 | %) |  | (0.1 | %)
Goodwill impairment | 0.8 | % |  | 6.5 | % |  | — | %
Provision true-up | 1.5 | % |  | (2.5 | %) |  | 1.9 | %
Change in valuation allowance | 27.4 | % |  | 7.7 | % |  | 9.4 | %
Other | (0.4 | %) |  | 0.3 | % |  | (0.9 | %)
Effective income tax rate (benefit) | 2.5 | % |  | (19.6 | %) |  | (19.5 | %)
Schedule of deferred income tax assets (liabilities) | Deferred income tax assets (liabilities) consisted of the following as of December 31, 2024 and 2023:
| December 31,
| 2024 |  | 2023
Deferred tax assets: |  |  |
Accrued liabilities and other | $ | 12,521 |  |  | $ | 14,006 |
Loans receivable and investments | 151,725 |  |  | 3,696 |
Other | 8,733 |  |  | 1,784 |
Share based payments | 3,464 |  |  | 13,953 |
Credit carryforwards | 973 |  |  | — |
Capital loss carryforward | 64,875 |  |  | 43,488 |
Net operating loss carryforward | 103,559 |  |  | 103,313 |
Total deferred tax assets | 345,850 |  |  | 180,240 |
Deferred tax liabilities: |  |  |
Deductible goodwill and other intangibles | (8,169) |  |  | (33,265) |
State taxes | (12,515) |  |  | (5,051) |
Depreciation | (5,479) |  |  | (2,983) |
Other | — |  |  | (993) |
Total deferred tax liabilities | (26,163) |  |  | (42,292) |
Net deferred tax assets | 319,687 |  |  | 137,948 |
Valuation allowance | (311,756) |  |  | (104,317) |
Net deferred tax asset | $ | 7,931 |  |  | $ | 33,631 |
Deferred tax assets, net | $ | 13,393 |  |  | $ | 33,631 |
Deferred tax liabilities, net | (5,462) |  |  | — |
Net deferred tax asset | $ | 7,931 |  |  | $ | 33,631 |
Schedule of reconciliation of the amounts of gross unrecognized tax benefits | A reconciliation of the amounts of gross unrecognized tax benefits (before federal impact of state items), excluding interest and penalties, was as follows:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Beginning balance | $ | 14,819 |  |  | $ | 16,146 |  |  | $ | 10,826 |
Additions for current year tax positions | — |  |  | — |  |  | 7,129 |
Additions for prior year tax positions | 23 |  |  | — |  |  | — |
Reductions for prior year tax positions | — |  |  | (969) |  |  | (1,766) |
Reductions due to lapse in statutes of limitations | (1,680) |  |  | (358) |  |  | (43) |
Ending balance | $ | 13,162 |  |  | $ | 14,819 |  |  | $ | 16,146 |

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