Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.22.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Loss Before Income Tax Benefit
Income (loss) before income tax expense (benefit) was generated in the following jurisdictions:
  Year Ended December 31,
  2021 2020 2019
(in thousands)
Domestic $ 9,730  $ (17,234) $ (61,047)
Foreign 10,631  9,189  12,952 
Total $ 20,361  $ (8,045) $ (48,095)
Schedule 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,
  2021 2020 2019
Current:
 (in thousands)
Federal $ —  $ (1,086) $ 4 
State 3,488  2,111  2,803 
Foreign 4,499  (4,542) 5,930 
7,987  (3,517) 8,737 
Deferred:      
Federal 4,021  (2,659) (33,952)
State (3,548) 1,158  (5,603)
Foreign (793) (383) (75)
(320) (1,884) (39,630)
Total $ 7,667  $ (5,401) $ (30,893)
Schedule of Net Deferred Tax Assets (Liabilities)
Net deferred tax assets (liabilities) consisted of the following:
  December 31,
  2021 2020
(in thousands)
Deferred revenue $ 6,436  $ 5,811 
Prepaid expenses and accruals 8,099  8,737 
Right of use asset (22,190) (25,937)
Lease liability 28,994  30,752 
Net operating loss and tax credit carryforwards 85,698  87,648 
Property and equipment and intangible assets (100,314) (113,041)
Stock-based compensation expense 9,652  9,122 
Investment in partnerships 2,941  1,727 
Convertible Notes —  (22,951)
Other (173) 894 
Total deferred tax liabilities, net 19,143  (17,238)
Less: valuation allowance (40,164) (17,502)
Net deferred tax liabilities $ (21,021) $ (34,740)
Schedule 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,
  2021 2020 2019
(in thousands)
Tax provision (benefit), at U.S. federal statutory tax rate $ 4,402  $ (1,787) $ (10,012)
State income tax provision (benefit), net of federal benefit 856  (2,461) (5,390)
Effect of stock-based compensation excess tax benefit (364) (9,349) (11,983)
Effect of limitation on executive compensation 1,678  961  1,940 
Effect of permanent items 661  (703) (892)
Effect of India partnerships 1,422  2,977  — 
Change in valuation allowance 5,660  16,210  (3,364)
Effect of change in state and foreign income tax rates (1,184) 1,323  2,449 
Uncertain tax positions 158  (6,093) 4,478 
Research and development credits (5,695) (5,939) (6,756)
State net operating loss adjustment —  31  (1,588)
Other 73  (571) 225 
Income tax provision (benefit) 7,667  (5,401) (30,893)
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,
  2021 2020 2019
(in thousands)
Balance at beginning of year $ 15,132  $ 18,939  $ 15,628 
Additions based on tax positions related to the current year 1,631  1,420  2,261 
Additions (reductions) based on tax positions related to prior years (550) (2,793) 1,050 
Reductions for settlements with taxing authorities related to prior years (394) (2,434) — 
Reductions for lapses of statute of limitations (1,302) —  — 
Balance at end of year $ 14,517  $ 15,132  $ 18,939