Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

Income before income taxes and the provision for income taxes consisted of the following:

	Year Ended December 31,
	2024		2023			2022
(In thousands)
United States	$	10,634	$	(33,944	)	$	(100,609	)
International		14,254		14,808			18,587
Total	$	24,888	$	(19,136	)	$	(82,022	)

Schedule of Components of Income Tax Expense (Benefit)

	Year Ended December 31,
(In thousands)	2024		2023		2022
Current:
U.S. Federal	$	7,641	$	358	$	3,477
State		1,868		599		1,329
Foreign		2,286		2,423		4,236
		11,795		3,380		9,042
Deferred:
U.S. Federal		—		65,880		(18,761	)
State		—		15,629		(3,017	)
Foreign		730		742		(299	)
		730		82,251		(22,077	)
Total	$	12,525	$	85,631	$	(13,035	)

Schedule of Deferred Tax Assets and Liabilities

Net deferred tax assets consisted of the following:

	Year Ended December 31,
(In thousands)	2024			2023
Deferred Tax Assets:
Accruals and allowances	$	18,573		$	21,324
Net operating loss carryforwards		1,604			1,770
Stock-based compensation		1,416			2,312
Operating lease liability		5,146			7,315
Deferred revenue		1,889			2,085
Tax credit carryforwards		1,673			935
Acquired intangibles		14,814			18,664
Capitalized research and development		61,703			50,670
Depreciation and amortization		999			1,088
Other		4,161			4,392
Total deferred tax assets		111,978			110,555
Deferred Tax Liabilities:
Right of use asset		(4,412	)		(6,179	)
Other		(1,414	)		(1,205	)
Total deferred tax liabilities		(5,826	)		(7,384	)
Valuation Allowance(1)		(103,820	)		(99,828	)
Net deferred tax assets	$	2,332		$	3,343

(1)Valuation allowance is presented gross. The valuation allowance net of the federal tax effect was $99.6 million and $95.7 million for the years ended December 31, 2024 and 2023, respectively.

Schedule of Effective Income Tax Rate Reconciliation

The effective tax rate differed from the applicable U.S. statutory federal income tax rate as follows:

	Year Ended December 31,
	2024			2023			2022
Tax at federal statutory rate		21.0	%		21.0	%		21.0	%
State, net of federal benefit		6.0	%		(3.1	)%		1.7	%
Impact of international operations		(2.6	)%		8.3	%		2.7	%
Stock-based compensation		1.0	%		(2.3	)%		(2.7	)%
Tax credits		(2.5	)%		5.8	%		1.7	%
Valuation allowance		26.7	%		(474.3	)%		(0.3	)%
Goodwill impairment		—	%		—	%		(9.6	)%
Recognition of previously unrecognized tax benefits		(0.8	)%		(0.3	)%		1.8	%
Non-deductible license fees		1.5	%		(1.7	)%		(0.3	)%
Others		0.0	%		(0.9	)%		(0.1	)%
Provision for income taxes		50.3	%		(447.5	)%		15.9	%

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits (“UTB”) is as follows:

(In thousands)	Federal, State, and Foreign Tax
Balance as of December 31, 2021	$	9,204
Additions based on tax positions related to the current year		805
Additions for tax positions of prior years		8
Settlements		(1,355	)
Reductions due to lapse of applicable statutes		(554	)
Adjustments due to foreign exchange rate movement		(174	)
Balance as of December 31, 2022		7,934
Additions based on tax positions related to the current year		426
Additions for tax positions of prior years		533
Reductions due to lapse of applicable statutes		(507	)
Adjustments due to foreign exchange rate movement		232
Balance as of December 31, 2023		8,618
Additions based on tax positions related to the current year		372
Additions for tax positions of prior years		10
Settlements		(712	)
Reductions for tax positions of prior years		(31	)
Reductions due to lapse of applicable statutes		(799	)
Adjustments due to foreign exchange rate movement		72
Balance as of December 31, 2024	$	7,530