INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of income tax provisions

Income tax benefit from (provision for) the years ended December 31, 2021 and 2020 consisted of the following (in thousands):

	For the Year Ended December 31,
	2021			2020
Income before benefit from (provision for) income taxes	$	17,290		$	3,159
Benefit from (provision for) income taxes	(4,806)			2,242
Effective tax rate	27.8		%	(71.0)		%

Schedule of pre-tax book income or loss from continuing operations

The components of our income before benefit from (provision for) income taxes were as follows (in thousands):

	For the Year Ended December 31,
	2021		2020
Domestic	$	5,893	$	(4,602)
Foreign	11,397		7,761
Total	$	17,290	$	3,159

Schedule of provisions for income taxes

The benefit from (provision for) income taxes consisted of the following (in thousands):

	For the Year Ended December 31,
	2021		2020
Current:
U.S, federal	3,285		$	—
States and local	2		(3)
Foreign	934		(114)
Total current	$	4,221	$	(117)
Deferred:
U.S, federal	—		—
States and local	—		—
Foreign	585		2,359
Total deferred	585		2,359
Total benefit from (provision for) income taxes	$	4,806	$	2,242

Details of significant components of net deferred tax assets and liabilities

Deferred tax assets and liabilities are recognized for the temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, tax losses, and credit carryforwards.

Significant components of the net deferred tax assets and liabilities consisted of (in thousands):

	December 31,
	2021		2020
Deferred tax assets:
Net operating loss carryforwards	$	7,638	$	9,239
State income taxes	1		1
Deferred revenue	4,502		5,426
Research and development and other credits	10,493		8,638
Reserve and accruals recognized in different periods	395		1,027
Capitalized research and development expenses	3,333		3,318
Depreciation and amortization	2,492		3,134
Lease liability	339		351
Total deferred tax assets	29,193		31,134
Valuation allowance	(27,239)		(28,475)
Net deferred tax assets	1,954		2,659
Deferred tax liabilities:
Right of use lease assets	(185)		(344)
Foreign credits	—		(14)
Other deferred tax liabilities	—		—
Total deferred tax liabilities	(185)		(358)
Net deferred taxes	$	1,769	$	2,301

Reconciliation between provision for income taxes at statutory rate and effective tax rate

	For the Year Ended December 31,
	2021		2020
Federal statutory rate	21.0	%	21.0	%
Foreign withholding	0.4	%	2.0	%
Stock-based compensation expense	0.6	%	12.9	%
Foreign rate differential	(7.9)	%	(33.0)	%
Prior year true-up items	0.1	%	1.1	%
Tax reserves	(2.3)	%	(4.0)	%
Other	2.7	%	0.1	%
FTC conversion true up	(11.1)	%	(10.3)	%
State taxes, net of federal benefit	—	%	0.1	%
Global intangible low-taxed income	9.7	%	21.0	%
Nondeductible officers compensation	—	%	3.5	%
Irish corporation restructure	—	%	(169.2)	%
Valuation allowance	14.6	%	83.8	%
Effective tax rate	27.8	%	(71.0)	%

Reconciliation of beginning and ending amount of gross unrecognized tax benefits

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

	For the Year Ended December 31,
	2021		2020
Balance at beginning of year	$	4,525	$	4,826
Gross increases for tax positions of prior years	1		—
Gross increases for tax positions of current year	3,296		10
Lapse of statute of limitations	(253)		(311)
Balance at end of year	$	7,569	$	4,525