Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Domestic and Foreign Components of Income (Loss)

The domestic and foreign components of income before income taxes consist of the following:

	Year Ended December 31,
	2021		2020		2019
Domestic	$	110.1	$	99.4	$	5.0
Foreign	16.7		19.0		4.8
Total income before income taxes	$	126.8	$	118.4	$	9.8

Schedule of Current and Deferred Income Tax Expense (Benefit)

For the years ended December 31, 2021, 2020, and 2019, the Company’s current and deferred income tax expense (benefit) attributable to income from operations are as follows:

	Current		Deferred		Total
Year Ended December 31, 2019
U.S. Federal	$	(0.3)	$	(2.2)	$	(2.5)
State & Local	0.7		(0.9)		(0.2)
Foreign	2.5		(2.0)		0.5
	$	2.9	$	(5.1)	$	(2.2)
Year Ended December 31, 2020
U.S. Federal	$	0.2	$	(0.3)	$	(0.1)
State & Local	—		1.0		1.0
Foreign	2.4		(2.0)		0.4
	$	2.6	$	(1.3)	$	1.3
Year Ended December 31, 2021
U.S. Federal	$	(0.1)	$	21.7	$	21.6
State & Local	3.4		—		3.4
Foreign	3.0		1.6		4.6
	$	6.3	$	23.3	$	29.6

Schedule of Reconciliation of Effective Income Tax Rate

Reconciliation of the difference between the effective tax rate and the statutory U.S. federal income tax rate is as follows:

	Year Ended December 31,
	2021		2020		2019
Federal statutory tax rate	21	%	21	%	21	%
Change in income tax rate resulting from:
State and local income taxes, net of federal tax benefits	2	%	1	%	(2)	%
Additional tax on foreign source income	3	%	3	%	18	%
Share-based compensation	(8)	%	(24)	%	(71)	%
Non-deductible expense	5	%	13	%	24	%
Gain on sale	—	%	(11)	%	—	%
Other	—	%	(2)	%	(12)	%
Effective tax rate	23	%	1	%	(22)	%

Schedule of Net Deferred Tax Assets

The following table sets forth the Company’s net deferred tax assets as of December 31, 2021 and 2020:

	As of December 31,
	2021		2020
Deferred tax assets and liabilities:
Net operating loss carryforwards	$	54.7	$	81.6
Share-based compensation	12.2		8.6
Accrued bonus	8.5		1.4
Advanced billing revenue	7.2		6.4
Alternative minimum tax	6.4		5.2
Interest expense limitation	0.1		5.6
Deferred rent liabilities	19.3		21.3
Deferred FICA liability	3.0		6.0
Other	12.3		10.7
Total gross deferred tax assets	123.7		146.8
Intangible assets	(41.7)		(41.7)
Fixed assets	(1.5)		(3.1)
Contract implementation costs	(8.7)		(7.0)
Foreign withholding tax	(4.2)		(0.7)
Deferred rent assets	(13.6)		(14.8)
Less valuation allowances	(6.4)		(5.8)
Net deferred tax assets	$	47.6	$	73.7