INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of income tax provisions

Benefit from (provision for) income taxes the years ended December 31, 2022 and 2021 consisted of the following (in thousands):

	Years Ended December 31,
	2022		2021
Income before benefit from (provision for) income taxes	26,965		17,290
Benefit from (provision for) income taxes	3,699		(4,806)
Effective tax rate	(13.7)	%	27.8	%

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):

	Years Ended December 31,
	2022		2021
Domestic	$	14,552	$	5,893
Foreign	12,413		11,397
Total	$	26,965	$	17,290

Schedule of provisions for income taxes

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

	Years Ended December 31,
	2022		2021
Current:
U.S. federal	$	458	$	3,285
States and local	74		2
Foreign	871		934
Total current	1,403		4,221
Deferred:
U.S. federal	(5,694)		—
States and local	—		—
Foreign	592		585
Total deferred	(5,102)		585
Total benefit from (provision for) income taxes	$	(3,699)	$	4,806

Details of significant components of net deferred tax assets and liabilities

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

	December 31,
	2022		2021
Deferred tax assets:
Net operating loss carryforwards	$	5,391	$	7,638
State income taxes	15		1
Deferred revenue	3,498		4,502
Research and development and other credits	3,757		10,493
Reserve and accruals recognized in different periods	1,692		395
Capitalized research and development expenses	3,019		3,333
Depreciation and amortization	1,802		2,492
Lease liability	104		339
Total deferred tax assets	19,278		29,193
Valuation allowance	(12,341)		(27,239)
Net deferred tax assets	6,937		1,954
Deferred tax liabilities:
Right of use lease assets	(67)		(185)
Foreign credits	—		—
Other deferred tax liabilities	—		—
Total deferred tax liabilities	(67)		(185)
Net deferred taxes	$	6,870	$	1,769

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

The reconciliation of federal statutory income tax rate to our effective tax rate was as follows (in thousands):

	Years Ended December 31,
	2022		2021
Federal statutory rate	21.0	%	21.0	%
Foreign withholding	0.3	%	0.4	%
Stock-based compensation expense	0.3	%	0.6	%
Foreign rate differential	(2.3)	%	(7.9)	%
Prior year true-up items	(0.9)	%	0.1	%
Tax reserves	5.3	%	(2.3)	%
Loss on expiration of capital loss carryover	—	%	—	%
FTC	1.4	%	—	%
Other	0.7	%	2.7	%
FTC conversion true up	—	%	(11.1)	%
2017 Tax Act impact	—	%	—	%
State taxes, net of federal benefit	0.2	%	—	%
Global intangible low-taxed income	6.4	%	9.7	%
Nondeductible officers compensation	1.1	%	—	%
Irish corporation restructure	—	%	—	%
Valuation allowance	(47.2)	%	14.6	%
Effective tax rate	(13.7)	%	27.8	%

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):

	Years Ended December 31,
	2022	2021
Balance at beginning of year	7,569	4,525
Gross increases for tax positions of prior years	(2,170)	1
Gross decreases for federal tax rate change for tax positions of prior years	647	—
Gross increases for tax positions of current year	1,146	3,296
Settlements	—	—
Lapse of statute of limitations	(99)	(253)
Balance at end of year	7,093	7,569