v3.19.3.a.u2

Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule components of loss before income taxes | The following table presents the components of loss before income taxes:
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
| (in thousands)
Loss before income taxes: |  |  |  |  |  |  |  |
United States | $ | (239,629 | ) |  | $ | (33,339 | ) |  | $ | (25,002 | )
Foreign | (15,453 | ) |  | (9,858 | ) |  | (5,718 | )
Total | $ | (255,082 | ) |  | $ | (43,197 | ) |  | $ | (30,720 | )
Components of income tax (provision) benefit | The following table presents the components of the income tax (provision) benefit:
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
| (in thousands)
Current income tax (provision) benefit: |  |  |  |  |
United States federal and state | $ | (97 | ) |  | $ | — |  |  | $ | — |
Foreign | 3 |  |  | — |  |  | — |
Total current income tax (provision) benefit | $ | (94 | ) |  | $ | — |  |  | $ | — |
Deferred income tax benefit: |  |  |  |  |  |  |  |
United States federal and state | $ | 17,459 |  |  | $ | 2,774 |  |  | $ | — |
Foreign | 2,495 |  |  | 2,093 |  |  | 1,297 |
Total deferred income tax benefit | $ | 19,954 |  |  | $ | 4,867 |  |  | $ | 1,297 |
Total income tax (provision) benefit | $ | 19,860 |  |  | $ | 4,867 |  |  | $ | 1,297 |
Schedule of reconciliation of the statutory federal income tax rate to the actual effective income tax rate | A reconciliation between the Company’s statutory federal income tax rate and the effective tax rate is presented below:
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
U.S. statutory federal income tax rate | 21.0 | % |  | 21.0 | % |  | 35.0 | %
Increase (decrease) resulting from: |  |  |  |  |
U.S. state income taxes, net of federal benefits | 4.2 |  |  | 0.9 |  |  | 9.9 |
Foreign tax rate differential | 0.2 |  |  | 1.1 |  |  | (1.4 | )
Non-deductible expenses | (1.1 | ) |  | (2.6 | ) |  | (1.8 | )
Stock-based compensation | 0.5 |  |  | 30.0 |  |  | 40.9 |
Change in valuation allowance | (10.9 | ) |  | (39.3 | ) |  | 29.8 |
Change in tax rate | — |  |  | (0.1 | ) |  | (108.0 | )
Non-deductible impairment | (5.8 | ) |  | — |  |  | — |
Other | (0.3 | ) |  | 0.3 |  |  | (0.2 | )
Effective tax rate | 7.8 | % |  | 11.3 | % |  | 4.2 | %
Schedule of significant components of deferred tax assets and liabilities | The significant components of the Company’s deferred tax assets and liabilities are as follows:
| As of December 31,
| 2019 |  | 2018
| (in thousands)
Deferred tax assets: |  |  |  |  |
Accrued expenses and other | $ | 3,037 |  |  | $ | 2,580 |
Accrued compensation and related benefits | 2,779 |  |  | 3,395 |
Rebate reserve | — |  |  | 5 |
Deferred rent | 7,543 |  |  | 6,388 |
Stock-based compensation | 14,546 |  |  | 8,279 |
Deferred income | 345 |  |  | 257 |
Interest expense carryforwards | 2,059 |  |  | — |
Foreign net operating loss carryforwards | 3,171 |  |  | 1,543 |
U.S. net operating loss carryforwards | 164,854 |  |  | 96,809 |
Valuation allowance | (116,244 | ) |  | (88,061 | )
Total deferred tax assets | $ | 82,090 |  |  | $ | 31,195 |
Deferred tax liabilities: |  |  |  |  |
Prepaid expenses and other | $ | (142 | ) |  | $ | (95 | )
Property and equipment | (3,056 | ) |  | (4,038 | )
Intangibles | (84,025 | ) |  | (34,011 | )
Total deferred tax liabilities | (87,223 | ) |  | (38,144 | )
Net deferred tax liabilities | $ | (5,133 | ) |  | $ | (6,949 | )

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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