Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest [Abstract]

Summary of Loss Before Provision (Benefit) For Income Taxes

The U.K. and foreign components of the Company’s loss before provision for income taxes consisted of the following (in thousands):

	Year Ended December 31,			Year Ended December 31,			Year Ended December 31,
	2022			2021			2020
U.K.	$	(137,973	)	$	(326,206	)	$	(26,846	)
Foreign		(45,307	)		(278,248	)		(1,689	)
Loss before income taxes	$	(183,280	)	$	(604,454	)	$	(28,535	)

Summary of Components of The Provision (Benefit) For Income Taxes

The components of the Company’s income tax (benefit) expense consisted of the following (in thousands):

	Year Ended December 31,			Year Ended December 31,			Year Ended December 31,
	2022			2021			2020
Current:
U.K.	$	—		$	—		$	—
Foreign		1,827			1,708			47
Current tax expense		1,827			1,708			47
Deferred:
U.K.		—			(13,618	)		1,650
Foreign		(113	)		209			116
Deferred tax expense (benefit)		(113	)		(13,409	)		1,766
Total	$	1,714		$	(11,701	)	$	1,813

Summary of Reconciliation Between Effective Tax Rate On Income From Continuing Operations

Reconciliation between the effective tax rate on income from continuing operations and the statutory tax rate of 19.0% is as follows:

	Year Ended December 31,			Year Ended December 31,			Year Ended December 31,
	2022			2021			2020
U.K. provision at statutory rate		19.0	%		19.0	%		19.0	%
Expenses not deductible for tax purposes		3.4			(1.6	)		0.9
Return to provision		—			(0.4	)		—
Non-deductible interest expense		—			—			(3.6	)
Stock based compensation		—			(19.7	)		2.6
Transaction cost adjustment		—			—			(1.4	)
Tax rate change		—			0.3			—
Foreign rate difference		7.7			5.3			—
Change in valuation allowance		(31.1	)		(0.9	)		(21.6	)
Effective tax rate		(1.0	)%		2.0	%		(4.1	)%

Summary of Components Of Deferred Tax Assets And Liabilities

The Company’s deferred income tax assets and liabilities as of December 31, 2022 and 2021 are as follows (in thousands):

	Year Ended December 31,			Year Ended December 31,
	2022			2021
Deferred tax assets:
Net operating loss carry forward	$	95,735		$	48,031
Property and equipment		(70	)		(78	)
Stock-based compensation		135,837			—
Other		269			180
Deferred tax assets before valuation allowance		231,771			48,133
Valuation allowance		(207,657	)		(19,059	)
Deferred tax assets, net of valuation allowance		24,114			29,074
Deferred tax liabilities:
Outside basis difference		1,816			2,034
Intangible assets		37,307			43,942
Deferred tax liabilities		39,123			45,976
Net deferred tax assets (liabilities)	$	(15,009	)	$	(16,902	)