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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Components of Income (loss) before Income Taxes | The components of loss before income taxes were as follows for the fiscal periods indicated (in thousands):
| Year-ended December 31,
| 2023 |  | 2022 |  | 2021
Domestic | $ | (96,517) |  |  | $ | (380,014) |  |  | $ | (83,172) |
Foreign | 14,100 |  |  | (940) |  |  | (7,106) |
Loss before provision for income taxes | $ | (82,417) |  |  | $ | (380,954) |  |  | $ | (90,278) |
Schedule of Provision for Income Taxes | Provision for income taxes consisted of the following components for the fiscal periods indicated (in thousands):
| Year-ended December 31,
| 2023 |  | 2022 |  | 2021
Current: |  |  |  |  |
Federal | $ | 12 |  |  | $ | 241 |  |  | $ | 124 |
State | 95 |  |  | 8 |  |  | 208 |
Foreign | 4,018 |  |  | 2,247 |  |  | 2,095 |
Total current tax expense | $ | 4,125 |  |  | $ | 2,496 |  |  | $ | 2,427 |
Deferred expense: |  |  |  |  |
Federal | $ | (26) |  |  | $ | — |  |  | $ | 1 |
State | 26 |  |  | — |  |  | — |
Foreign | (2,140) |  |  | (1,310) |  |  | (939) |
Total deferred tax benefit | $ | (2,140) |  |  | $ | (1,310) |  |  | $ | (938) |
Provision for income taxes | $ | 1,985 |  |  | $ | 1,186 |  |  | $ | 1,489 |
Schedule of Effective Income Tax Rate Reconciliation | Reconciliations of the differences between the effective and statutory income tax rates are as follows for the fiscal periods indicated:
| Year-ended December 31,
| 2023 |  | 2022 |  | 2021
Federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income taxes, net of federal benefit | 0.3 |  |  | 3.2 |  |  | 3.7 |
Foreign rate differential | (0.5) |  |  | (0.1) |  |  | (2.0) |
Stock-based compensation | (15.3) |  |  | (3.8) |  |  | (14.3) |
Global intangible low-taxed income | (5.3) |  |  | (0.6) |  |  | (1.6) |
Non-deductible items | (2.3) |  |  | (1.1) |  |  | (1.1) |
Research and development credits | 1.0 |  |  | 0.1 |  |  | 0.6 |
Change in partnership investment | 15.7 |  |  | (0.9) |  |  | (3.0) |
Changes in valuation allowance | (25.6) |  |  | (19.5) |  |  | (5.4) |
Changes in tax rates | 0.5 |  |  | — |  |  | (0.7) |
Return to provision | 3.2 |  |  | — |  |  | — |
Other | 4.9 |  |  | 1.4 |  |  | 1.0 |
| (2.4) | % |  | (0.3) | % |  | (1.7) | %
Schedule of Amount of Comprised Deferred Tax Assets, Net | The amounts that comprised deferred income tax assets, net are as follows for the fiscal periods indicated (in thousands):
| Year-ended December 31,
| 2023 |  | 2022 |  | 2021
Deferred tax assets: |  |  |  |  |
Net operating loss carryforwards | $ | 33,706 |  |  | $ | 30,785 |  |  | $ | 19,483 |
Sec. 163(j) interest | 17,032 |  |  | 9,948 |  |  | 3,342 |
Tax credits | 2,033 |  |  | 1,516 |  |  | 1,206 |
Stock-based compensation | — |  |  | 1 |  |  | 68 |
Property and equipment | 76 |  |  | 78 |  |  | — |
Deferred compensation | — |  |  | — |  |  | 722 |
Operating lease liabilities | 78 |  |  | 168 |  |  | — |
Investments | 66,367 |  |  | 55,952 |  |  | 340 |
Other | 365 |  |  | 180 |  |  | — |
Less: valuation allowance | (119,231) |  |  | (98,211) |  |  | (25,092) |
Total deferred tax assets | $ | 426 |  |  | $ | 417 |  |  | $ | 69 |
Deferred tax liabilities: |  |  |  |  |
Property and equipment | $ | (809) |  |  | $ | (645) |  |  | $ | (229) |
Intangible assets | (7,769) |  |  | (9,971) |  |  | (11,513) |
Investments | — |  |  | — |  |  | — |
Operating right-of-use assets | (84) |  |  | (171) |  |  | — |
Total deferred tax liabilities | $ | (8,662) |  |  | $ | (10,787) |  |  | $ | (11,742) |
Net deferred tax liability | $ | (8,236) |  |  | $ | (10,370) |  |  | $ | (11,673) |
Schedule of Unrecognized Tax Benefits Roll Forward | The following summarizes activity related to unrecognized tax benefits for the fiscal periods indicated (in thousands):
| Year-ended December 31,
| 2023 |  | 2022 |  | 2021
Unrecognized benefit—beginning of the year | $ | 1,056 |  |  | $ | 908 |  |  | $ | — |
Gross increases—current period positions | 184 |  |  | 196 |  |  | 908 |
Gross increases—prior period positions | 179 |  |  | — |  |  | — |
Gross decreases—prior period positions | — |  |  | (48) |  |  | — |
Unrecognized benefit—end of the year | $ | 1,419 |  |  | $ | 1,056 |  |  | $ | 908 |

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