XML 58 R43.htm IDEA: XBRL DOCUMENT v3.25.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The following table presents our (provision for) benefit from income taxes (in thousands):

			Years Ended December 31,
			2024						2023						2022
Current income taxes:
Federal			$	(234)					$	(2,460)					$	(113)
State			(1,128)						(3,064)						(2,172)
Foreign			(4,021)						(33)						(3,702)
Total current provision for income taxes			(5,383)						(5,557)						(5,987)
Deferred income taxes:
Federal			(122,057)						(26,210)						147,236
State			(17,558)						(1,634)						19,995
Foreign			(3,704)						1,269						1,448
Total deferred benefit from income taxes			(143,319)						(26,575)						168,679
Total (provision for) benefit from income taxes			$	(148,702)					$	(32,132)					$	162,692

Schedule of (Loss) Income before (Provision for) Benefit from Income Taxes

The following table presents our (loss) income before (provision for) benefit from income taxes (in thousands):

			Years Ended December 31,
			2024						2023						2022
United States			$	(297,183)					$	61,152					$	123,269
Foreign			(391,183)						(10,840)						(19,323)
Total (loss) income before (provision for) benefit from income taxes			$	(688,366)					$	50,312					$	103,946

Schedule of Effective Income Tax Rate Reconciliation

The following table presents the differences between our (provision for) benefit from income taxes as presented in the accompanying consolidated statements of operations and the income tax expense computed at the federal statutory rate as a percentage of (loss) income before (provision for) benefit from income taxes (in percentages):

			Years Ended December 31,
			2024						2023						2022
Income tax at U.S. statutory rate			21.0		%				21.0		%				21.0		%
State, net of federal benefit			2.9						11.6						1.6
Taxes on foreign earnings			1.7						0.7						(1.1)
Share-based compensation			(2.5)						39.3						15.3
Non-deductible expenses			—						(2.5)						1.6
Effect of flow-through entities			12.5						—						—
Goodwill impairment			(17.1)						—						—
Tax credits			—						0.8						(0.7)
Change in valuation allowance			(40.1)						4.2						(210.5)
Settlement of unrecognized tax benefits			—						(8.0)						—
Foreign-derived intangible income			0.1						(5.2)						—
Convertible senior notes			—						—						15.0
Other			(0.1)						2.0						1.3
Total			(21.6)		%				63.9		%				(156.5)		%

Schedule of Deferred Tax Assets and Liabilities

The following table presents a summary of our deferred tax assets (in thousands):

			December 31,
			2024						2023
Deferred tax assets:
Research and experimental expenditures capitalization			$	102,382					$	69,362
Net operating loss and credits carryforwards			80,413						92,302
Accrued expenses and reserves			25,039						10,442
Share-based compensation			3,414						11,200
Convertible senior notes			1,790						5,566
Goodwill			89,583						—
Property and equipment and intangible assets			15,947						—
Other items			—						6,133
Gross deferred tax assets			318,568						195,005
Valuation allowance			(307,985)						(40,162)
Total deferred tax assets			$	10,583					$	154,843
Deferred tax liabilities:
Property and equipment and intangibles assets			$	—					$	(2,621)
Other			(11,396)						(13,134)
Total deferred tax liabilities			$	(11,396)					$	(15,755)
Net deferred tax (liability) asset			$	(812)					$	139,088

Schedule of Reconciliation of Unrecognized Tax Benefits

The following table presents the reconciliation of the beginning and ending balances of the total amount of unrecognized tax benefits, excluding accrued interest and penalties (in thousands):

			Years Ended December 31,
			2024						2023						2022
Beginning balance			$	12,400					$	16,953					$	16,805
Increase in tax positions for prior years			13						—						333
Decrease in tax positions for prior years			—						(131)						(876)
Decrease in tax positions for prior year settlement			—						(4,703)						(386)
Decrease in tax positions for prior years due to statutes lapsing			—						—						—
Increase in tax positions for current year			295						281						1,520
Change due to translation of foreign currencies			—						—						(443)
Ending balance			$	12,708					$	12,400					$	16,953

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 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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
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