Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and International

The components of Income before income taxes consist of the following:

	Year Ended December 31,
	2022		2021		2020
Domestic	$	98,188	$	(14,544)	$	61,470
International	100,087		107,873		106,150
Income before income taxes	$	198,275	$	93,329	$	167,620

Schedule of Components of Income Tax

The (Provision) benefit for income taxes consists of the following:

	Year Ended December 31,
	2022		2021		2020
Current:
Federal	$	(2,307)	$	770	$	(11,094)
State	(1,387)		163		(3,597)
Foreign	(22,715)		(17,230)		(7,688)
	(26,409)		(16,297)		(22,379)
Deferred:
Federal	3,547		15,182		(5,194)
State	60		3,660		(1,272)
Foreign	1,519		903		(9,780)
	5,126		19,745		(16,246)
(Provision) benefit for income taxes	$	(21,283)	$	3,448	$	(38,625)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the U.S. statutory federal income tax rate to the Company’s effective income tax rate is as follows:

	Year Ended December 31,
	2022		2021		2020
Federal statutory rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit	1.0		(2.7)		2.9
Stock-based compensation	(21.4)		(52.5)		(5.2)
Non-deductible officer compensation	11.0		36.6		4.6
Tax credits	(2.9)		(6.1)		(2.1)
Withholding taxes	2.8		5.8		2.0
Foreign tax rate differential	(2.0)		(6.9)		(4.0)
Net tax on foreign earnings (GILTI/FDII/FTC)	0.9		—		0.5
Transaction costs	0.5		3.9		—
Income tax reserves	(0.1)		0.1		(0.5)
Permanent book/tax differences	—		(1.0)		(0.6)
Expenses associated with IPO	—		—		3.3
Other	(0.1)		(1.9)		1.1
Effective income tax rate	10.7	%	(3.7)	%	23.0	%

Schedule of Deferred Tax Assets and Liabilities

The following is a summary of the significant components of the Company’s deferred tax assets and liabilities:

	December 31,
	2022		2021
Deferred tax assets:
Accrued compensation	$	35,298	$	39,125
Net operating loss (“NOL”) and credit carryforwards	14,960		28,698
Convertible debt and 163(j) limitation	13,349		15,682
Lease liabilities	8,920		10,540
Other accruals not currently deductible	1,122		2,006
Allowance for doubtful accounts	1,856		918
Deferred revenues	2,914		—
Other	2,383		1,851
Total deferred tax assets	80,802		98,820
Less: Valuation allowance	(3,321)		(1,899)
Net deferred tax assets	77,481		96,921
Deferred tax liabilities:
Intangible assets including goodwill	(51,994)		(70,316)
Operating lease right-of-use assets	(8,381)		(10,196)
Deferred revenues	—		(3,421)
Prepaid expenses	(2,877)		(2,739)
Unrealized gains and losses	(9,422)		(2,387)
Property and equipment	(3,406)		(1,500)
Total deferred tax liabilities	(76,080)		(90,559)
Net deferred tax assets (liabilities)	$	1,401	$	6,362

Summary of Operating Loss Carryforwards

The Company had deferred tax assets for tax credits and net operating losses, net of unrecognized tax positions, primarily related to:

Jurisdiction:	December 31, 2022		Begin to Expire
U.S. Federal NOL	$	1,963	Indefinite
U.S. Federal research and development credits	592		2035
U.S. Federal foreign tax credits	267		2029
U.S. State NOL	676		2031
U.S. State research and development credits	416		2030
United Kingdom (“U.K.”) NOL	6,864		Indefinite
U.K. research and development credits	526		Indefinite
Canadian research and development credit	1,551		2029

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of the gross unrecognized tax benefits is as follows:

	Year Ended December 31,
	2022		2021		2020
Gross unrecognized tax benefits, beginning of year	$	1,331	$	1,223	$	1,763
Increases for tax positions of prior years	—		160		1,436
Decreases for tax positions of prior years	(121)		(42)		—
Increases for tax positions related to the current year	—		—		—
Decreases relating to settlements with taxing authorities	(35)		—		(1,723)
Reductions as a result of lapse of the statute of limitations	(265)		(10)		(253)
Gross unrecognized tax benefits, end of year	$	910	$	1,331	$	1,223