Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The income tax provision for the years ended December 31, 2020, 2021 and 2022 is summarized below (in thousands):

	2020		2021		2022
Current:
Federal	$	31,398	$	20,754	$	13,825
State	9,786		5,736		5,650
Foreign	125		2,761		12,063
Total current	41,309		29,251		31,538
Deferred:
Federal	(8,537)		(10,128)		(1,978)
State	(538)		(612)		(1,668)
Foreign	(4,545)		3,001		(4,993)
Total deferred	(13,620)		(7,739)		(8,639)
Total provision for income taxes	$	27,689	$	21,512	$	22,899

Schedule of Income before Income Tax, Domestic and Foreign

The U.S. and foreign components of income (loss) before income taxes for the years ended December 31, 2020, 2021 and 2022 are summarized below (in thousands):

	2020		2021		2022
United States	$	128,822	$	57,804	$	46,646
Foreign	(14,865)		18,795		22,923
Total income before income taxes	$	113,957	$	76,599	$	69,569

Schedule of Tax Effects of Principal Temporary Differences Affecting Net Deferred Tax Assets (Liabilities)

The tax effects of the principal temporary differences that give rise to the Company’s net deferred tax liability are as follows as of December 31, 2021 and 2022 (in thousands):

	2021		2022
Lease liabilities	$	25,706	$	21,674
Allowance for credit losses	13,190		12,862
Contract liabilities	10,214		9,527
Stock-based compensation	7,758		8,138
Other	6,195		4,363
Other facility-related costs	1,916		1,313
Loss carryforward	1,444		2,013
Intangible assets	(74,016)		(69,920)
Property and equipment	(21,320)		(9,968)
Right-of-use lease assets	(15,052)		(12,786)
Valuation allowance	(630)		(1,821)
Net deferred tax liability	$	(44,595)	$	(34,605)

Summary of Changes in Unrecognized Tax Benefits

The following table summarizes changes in unrecognized tax benefits, excluding interest and penalties, for the respective periods (in thousands):

	Year Ended December 31,
	2021		2022
Beginning unrecognized tax benefits	$	314	$	1,043
Additions for tax positions taken in the prior year	948		—
Reductions for tax positions taken in prior years	(219)		(95)
Ending unrecognized tax benefits	$	1,043	$	948

Schedule of Reconciliation Between Statutory Tax Rate and Effective Tax Rate

A reconciliation between the Company’s statutory tax rate and the effective tax rate for the years ended December 31, 2020, 2021, and 2022 is as follows:

	2020		2021		2022
Statutory federal rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefits	5.6		3.4		3.2
Impact of foreign operations	(1.2)		2.2		3.0
Nondeductible compensation	2.2		1.9		2.4
Change in valuation allowance	—		0.8		1.7
Excess tax benefit on share-based compensation	(2.0)		—		1.7
Transaction costs	0.6		—		—
Other	(1.9)		(1.2)		(0.1)
Effective tax rate	24.3	%	28.1	%	32.9	%