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INCOME TAXES (Tables)

12 Months Ended

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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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.

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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