XML 112 R96.htm IDEA: XBRL DOCUMENT v3.25.0.1
Income Taxes - Components of Deferred Income Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Deferred income tax assets:        
R&D capitalization, net $ 193,265 $ 99,746    
Deferred revenue 66,948 59,443    
Stock-based compensation 51,088 10,544    
Convertible debt, net 31,603 39,649    
Reserves, accruals, and other 21,634 12,264    
R&D tax credit carryforward 19,100 16,554    
Net operating loss carryforward 17,824 2,115    
Accrued bonus 12,101 11,253    
Lease liability 11,966 9,664    
Inventory reserve 5,794 1,986    
Deferred compensation 4,021 2,803    
Strategic investments 0 6,109    
Amortization 0 4,425    
Total gross deferred tax assets 435,344 276,555    
Valuation allowance (23,054) (21,600) $ (26,368) $ (16,168)
Total deferred income tax assets, net of valuation allowance 412,290 254,955    
Deferred income tax liabilities:        
Strategic investments (42,260) 0    
Amortization (36,185) 0    
Depreciation (16,739) (14,575)    
Right of use asset (10,639) (8,404)    
Prepaid expenses (2,874) (2,223)    
Customer contract asset (1,174) (690)    
Goodwill amortization (509) (314)    
Other 0 (965)    
Total deferred income tax liabilities (110,380) (27,171)    
Deferred taxes are reflected in the consolidated balance sheet as follows:        
Deferred tax assets, net 304,282 227,784    
Non-current tax liabilities (included in other long-term liabilities) (2,372) 0    
Total $ 301,910 $ 227,784