Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.20.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Summary of loss before income tax benefit
Loss before income tax benefit was generated in the following jurisdictions:
  Year Ended December 31,
  2020 2019 2018
Domestic $ (17,234) $ (61,047) $ (18,242)
Foreign 9,189  12,952  9,080 
Total $ (8,045) $ (48,095) $ (9,162)
Summary of components of the income tax expense (benefit) charged to operations
The components of the income tax expense (benefit) charged to operations are summarized as follows: 
  Year Ended December 31,
  2020 2019 2018
Current:      
Federal $ (1,086) $ 4  $ 4,564 
State 2,111  2,803  1,044 
Foreign (4,542) 5,930  4,849 
(3,517) 8,737  10,457 
Deferred:      
Federal (2,659) (33,952) (19,444)
State 1,158  (5,603) (3,182)
Foreign (383) (75) (1,003)
(1,884) (39,630) (23,629)
Total $ (5,401) $ (30,893) $ (13,172)
Schedule of net deferred tax assets (liabilities)
Net deferred tax assets (liabilities) consisted of the following:
  December 31,
  2020 2019
Deferred revenue $ 5,811  $ 5,148 
Prepaid expenses and accruals 8,737  9,533 
Deferred rent and lease incentives 255  273 
Right of use asset (25,937) (18,507)
Lease liability 30,752  22,983 
Net operating loss and tax credit carryforwards 87,648  86,952 
Property and equipment and intangible assets (113,041) (127,255)
Stock-based compensation expense 9,122  8,033 
Investment in partnerships 1,727  2,196 
Convertible Notes (22,951) (8,471)
Other 639  2,218 
Total deferred tax liabilities, net (17,238) (16,897)
Less: valuation allowance (17,502) (12,584)
Net deferred tax liabilities $ (34,740) $ (29,481)
Summary of expected tax provision
The expected income tax provision (benefit) calculated at the statutory federal rate differs from the actual provision as follows:
  Year Ended December 31,
  2020 2019 2018
Tax benefit, at U.S. federal statutory tax rate $ (1,787) $ (10,012) $ (1,559)
State income tax benefit, net of federal benefit (2,461) (5,390) (1,714)
Effect of stock-based compensation excess tax benefit (9,349) (11,983) (7,782)
Effect of permanent items 258  1,048  2,967 
Effect of India partnerships 2,977  —  — 
Change in valuation allowance 16,210  (3,364) (4,244)
Effect of change in state and foreign income tax rates 1,323  2,449  (269)
Uncertain tax positions (6,093) 4,478  (2,062)
BEAT liability —  —  3,760 
Research and development credits (5,939) (6,756) (4,770)
State net operating loss adjustment 31  (1,588) — 
Other (571) 225  2,501 
Income tax benefit $ (5,401) $ (30,893) $ (13,172)
Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefit
A reconciliation of the beginning and ending amount of unrecognized tax benefit follows:
  Year Ended December 31,
  2020 2019 2018
Balance at beginning of year $ 18,939  $ 15,628  $ 18,312 
Additions based on tax positions related to the current year 1,420  2,261  1,907 
Additions (reductions) based on tax positions related to prior years (2,793) 1,050  (3,976)
Reductions for settlements with taxing authorities related to prior years (2,434) —  (615)
Balance at end of year $ 15,132  $ 18,939  $ 15,628