Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

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,
	2021		2020		2019
	(In thousands)
United States	$	42,219	$	42,124	$	16,035
International		23,285		28,679		13,536
Total	$	65,504	$	70,803	$	29,571

Schedule of Components of Income Tax Expense (Benefit)

	Year Ended December 31,
	2021			2020			2019
	(In thousands)
Current:
U.S. Federal	$	6,198		$	12,913		$	4,761
State		644			3,587			791
Foreign		5,000			5,178			(386	)
		11,842			21,678			5,166
Deferred:
U.S. Federal		4,607			(3,052	)		(574	)
State		595			(6,408	)		104
Foreign		(927	)		292			(916	)
		4,275			(9,168	)		(1,386	)
Total	$	16,117		$	12,510		$	3,780

Schedule of Deferred Tax Assets and Liabilities

Net deferred tax assets consisted of the following:

	Year Ended December 31,
	2021			2020
	(In thousands)
Deferred Tax Assets:
Accruals and allowances	$	25,737		$	25,041
Net operating loss carryforwards		1,010			1,352
Stock-based compensation		4,032			5,374
Operating lease liability		4,060			5,303
Deferred revenue		1,212			641
Acquired intangibles		29,857			33,860
Depreciation and amortization		1,661			1,651
Other		3,971			3,285
Total deferred tax assets		71,540			76,507
Deferred Tax Liabilities:
Right of use asset		(3,130	)		(4,264	)
Other		(1,083	)		(987	)
Total deferred tax liabilities		(4,213	)		(5,251	)
Valuation Allowance(1)		(3,532	)		(2,933	)
Net deferred tax assets	$	63,795		$	68,323

⁽¹⁾ Valuation allowance is presented gross. The valuation allowance net of the federal tax effect was $3.5 million and $2.9 million for the years ended December 31, 2021 and 2020, 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,
	2021			2020			2019
Tax at federal statutory rate		21.0	%		21.0	%		21.0	%
State, net of federal benefit		1.4	%		2.9	%		2.4	%
Impact of international operations		(1.8	)%		(5.0	)%		(0.8	)%
Stock-based compensation		2.9	%		5.4	%		10.7	%
Tax credits		(1.9	)%		(2.3	)%		(5.9	)%
Valuation allowance		0.3	%		1.8	%		0.9	%
State Valuation Allowance Release		—	%		(5.8	)%		—	%
Base Erosion Anti-Abuse Tax		3.7	%		—	%		7.2	%
Transaction costs		(0.9	)%		—	%		(2.5	)%
Recognition of previously unrecognized tax benefits	0.0%				0.3	%		(20.6	)%
Others		(0.1	)%		(0.6	)%		0.4	%
Provision for income taxes		24.6	%		17.7	%		12.8	%

Schedule of Reconciliation of Unrecognized Tax Benefits

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

	Federal, State, and Foreign Tax
	(In thousands)
Balance as of December 31, 2018	$	11,983
Additions based on tax positions related to the current year		385
Additions for tax positions of prior years		996
Settlements		(705	)
Reductions for tax positions of prior years		(3,440	)
Reductions due to lapse of applicable statutes		(609	)
Adjustments due to foreign exchange rate movement		459
Balance as of December 31, 2019		9,069
Additions based on tax positions related to the current year		442
Additions for tax positions of prior years		253
Reductions due to lapse of applicable statutes		(744	)
Adjustments due to foreign exchange rate movement		522
Balance as of December 31, 2020		9,542
Additions based on tax positions related to the current year		463
Additions for tax positions of prior years		50
Reductions due to lapse of applicable statutes		(556	)
Adjustments due to foreign exchange rate movement		(295	)
Balance as of December 31, 2021	$	9,204