XML 52 R37.htm IDEA: XBRL DOCUMENT

Provision for Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of U.S. and Non-U.S. Components of Loss Before Income Taxes

The U.S. and non-U.S. components of loss before income taxes consisted of the following:


	December 31,
	2021		2020
U.S.	$	(114,127)	$	(138,119)
Non-U.S.	3,024		1,915
Loss before income taxes	$	(111,103)	$	(136,204)

Schedule of Components of Provision for Income Taxes

The components of the Company's (benefit from) provision for income taxes consisted of the following:


	Year Ended December 31,
	2021		2020		2019
Current taxes:

Foreign	$	959	$	(104)	$	918
State	144		240		101
Total current taxes	$	1,103	$	136	$	1,019
Deferred taxes:
Federal	$	419	$	508	$	129
Change in valuation allowance - acquisitions	(74)		—		(14,994)
Foreign	(127)		180		(113)
State	322		592		1,472
Total deferred taxes	540		1,280		(13,506)
(Benefit from) provision for income taxes	$	1,643	$	1,416	$	(12,487)

Significant Components of Deferred Taxes

Significant components of the Company's deferred taxes consisted of the following:


	December 31,
	2021		2020
Deferred tax assets:
NOL and credit carryforwards	$	161,425	$	140,897
Deferred revenue	16,406		14,197
Accrued expenses and other	8,093		8,254
Stock-based compensation	7,776		6,087
Lease liabilities	17,160		10,668
Interest expense carryforwards	14,795		13,550
Convertible debt hedge	15,074		19,518

Total deferred tax assets	240,729		213,171
Deferred tax liabilities:
Deferred expenses	(12,371)		(12,667)
Convertible debt	(28,615)		(36,044)
Depreciation and amortization	(27,779)		(29,675)
Capitalized software	(1,657)		(538)
Right of use assets	(12,737)		(8,478)
Total deferred tax liabilities	(83,159)		(87,402)
Deferred tax assets less tax liabilities	157,570		125,769
Less: valuation allowance	(159,778)		(127,362)
Net deferred tax liability	$	(2,208)	$	(1,593)

Schedule of Effective Income Tax Rate Reconciliation

The Company's benefit from (provision for) income taxes attributable to continuing operations differs from the expected tax benefit amount computed by applying the statutory federal income tax rate of 21% to income before taxes for each of the years ended December 31, 2021, 2020, and 2019, respectively, primarily as a result of the following:


	Year Ended December 31,
	2021		2020		2019
Income tax at U.S. statutory rate	21.0	%	21.0	%	21.0	%
Effect of:
Increase in deferred tax valuation allowance	(30.2)		(35.8)		(50.6)
Stock compensation	14.5		11.4		20.7
Acquisitions	(0.2)		(0.6)		15.8
R&D credit	—		0.1		4.8
State taxes, net of federal benefit	3.9		4.6		7.1
Change in uncertain tax positions	(2.2)		—		—
Executive compensation	(7.4)		(2.5)		(3.3)
Other permanent items	(0.9)		0.9		(0.4)
Income tax benefit (provision) effective rate	(1.5)	%	(0.9)	%	15.1	%

Schedule of Unrecognized Tax Benefits

The reconciliation of uncertain tax positions at the beginning and end of the year is as follows:


	Year Ended December 31,
	2021		2020
Beginning balance	$	358	$	10,738
Gross increase (decrease) related to prior year positions	2,568		(10,460)
Gross decrease related to settlements	(358)		—
Gross increase related to current year positions	—		80


Ending balance	$	2,568	$	358