Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of the components of provision for/(benefit from) income taxes

The components of our (provision for)/benefit from income taxes are summarized as follows:



	Year Ended December 31,
(in thousands)	2019			2018			2017
Current:
Federal	$	(178	)	$	—		$	(273	)
State	(1,397		)	(27		)	(424		)
Foreign	(924		)	(1,897		)	—
Total (provision for) income taxes	(2,499		)	(1,924		)	(697		)
Deferred:
Federal	(5,237		)	875			(4,353		)
State	(2,243		)	690			151
Foreign	95			729			(1,848		)
Total deferred (provision for)/benefit from income taxes	(7,385		)	2,294			(6,050		)
Total (provision for)/benefit from income taxes	$	(9,884	)	$	370		$	(6,747	)

Schedule of reconciliations between expected income taxes computed at the federal rate and the provision for/(benefit from) income taxes

Reconciliations between expected income taxes computed at the federal statutory rate for each of the years ended December 31, 2019, 2018 and 2017, and the (provision for)/benefit from income taxes is as follows:



	Year Ended December 31,
(in thousands)	2019			2018			2017
Income tax (provision)/benefit at statutory rate	$	(8,342	)	$	(8,716	)	$	3,638
Permanent difference	2,532			9,127			392
(Increase)/decrease in valuation allowance	(1,305		)	714			(976		)
State income tax, net of federal benefit	(1,532		)	240			(213		)
Deferred tax asset adjustments	826			208			(485		)
Unrecognized tax benefit	(831		)	(1,547		)	—
Foreign rate differential	12			(36		)	(1,107		)
Tax Reform impact	—			—			(8,048		)
Rate change impact	(814		)	366			36
Other	(430		)	14			16
(Provision for)/benefit from income taxes	$	(9,884	)	$	370		$	(6,747	)

Schedule of the components of deferred tax assets and liabilities

The significant components of our deferred taxes are as follows:



	December 31,
(in thousands)	2019			2018
Deferred tax assets:
Net operating loss carryforwards	$	33,692		$	33,803
Allowance for doubtful accounts	8,107			6,526
Non-deductible accruals	2,427			4,980
Operating lease obligations	4,842			—
Stock based compensation expense	4,191			3,337
Transaction costs	2,030			2,186
Research and development and AMT credit carryforwards	275			1,092
Deferred revenue and deferred rent	111			1,019
Capital loss carryforwards	2,718			2,114
Other, net	785			917
Total deferred tax assets	59,178			55,974
Less valuation allowance	(3,877		)	(3,021		)
Net deferred tax assets	55,301			52,953
Deferred tax liabilities:
Intangible assets	(31,463		)	(29,663		)
Property and equipment	(6,907		)	(3,173		)
Right-of-use assets	(4,132		)	—
Prepaid insurance	(173		)	(142		)
Total deferred tax liabilities	(42,675		)	(32,978		)
Net deferred tax assets	$	12,626		$	19,975

Schedule of changes in unrecognized tax benefit

The following summarizes the changes in our unrecognized tax benefits:



	Year Ended December 31,
(in thousands)	2019		2018
Unrecognized tax benefits at the beginning of the year	$	52,832	$	39,710
Additions to unrecognized tax benefits related to current year	—		—
Additions to unrecognized tax benefits related to prior years	2,446		13,122
Unrecognized tax benefits at the end of the year	$	55,278	$	52,832