Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Taxes

Schedule Components of loss before income taxes and the provision for income taxes

The components of loss before income taxes and the income tax benefit for the years ended December 31, 2020, 2019, and 2018, by jurisdiction, are as follows (in thousands):

							2019						2018
	2020						(as restated)						(as restated)
	U.S.		Foreign		Total		U.S.		Foreign		Total		U.S.		Foreign		Total
Loss before income taxes	$	(624,302)	$	(2,698)	$	(627,000)	$	(82,188)	$	(1,555)	$	(83,743)	$	(93,497)	$	(1,407)	$	(94,903)
Income tax benefit		30,845		—		30,845		—		—		—		9,295		—		9,295
Net loss attributable to the Company	$	(593,457)	$	(2,698)	$	(596,155)	$	(82,188)	$	(1,555)	$	(83,743)	$	(84,201)	$	(1,407)	$	(85,608)

Schedule of Significant Components of Deferred Income Tax Expense (Benefit)

The significant components of deferred income tax expense (benefit) for the years ended December 31, 2020, 2019, and 2018, by jurisdiction, are as follows (in thousands):

							2019						2018
	2020						(as restated)						(as restated)
	U.S.		Foreign		Total		U.S.		Foreign		Total		U.S.		Foreign		Total
Deferred tax (benefit) expense	$	(31,408)	$	(67)	$	(31,475)	$	(10,621)	$	(426)	$	(11,047)	$	(11,745)	$	933	$	(10,812)
Net operating loss carryforward generated		(51,849)		(438)		(52,287)		(5,099)		(270)		(5,369)		(10,321)		(665)		(10,986)
Valuation allowance increase (decrease)		52,412		505		52,917		15,720		696		16,416		12,771		(268)		12,503
Benefit for income taxes	$	(30,845)	$	—	$	(30,845)	$	—	$	—	$	—	$	(9,295)	$	—	$	(9,295)

Schedule of Effective Income Tax Rate Reconciliation

	2020		2019		2018
U.S. Federal statutory tax rate	(21.0)	%	(21.0)	%	(21.0)	%
Deferred state taxes	(2.3)	%	1.4	%	(1.9)	%
Common stock warrant liability	13.4	%	—	%	(1.0)	%
Other, net	(3.4)	%	(0.5)	%	0.9	%
Change in valuation allowance	8.4	%	20.1	%	13.2	%
	(4.9)	%	0.0	%	(9.8)	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2020 and 2019 are as follows (in thousands):

	U.S.				Foreign				Total
			2019				2019				2019
	2020		(as restated)		2020		(as restated)		2020		(as restated)
Intangible assets	$	—	$	—	$	1,197	$	1,197	$	1,197	$	1,197
Deferred revenue		16,082		7,922		192		129		16,274		8,051
Interest expense		21,183		10,216		—		—		21,183		10,216
Other reserves and accruals		5,087		1,504		—		—		5,087		1,504
Tax credit carryforwards		4,360		2,590		1,253		1,253		5,613		3,843
Amortization of stock-based compensation		3,900		9,081		—		—		3,900		9,081
Non-compensatory warrants		5,020		4,322		—		—		5,020		4,322
Capitalized research & development expenditures		30,870		22,601		4,483		4,483		35,353		27,084
Right of use liability (operating leases)		27,715		22,647		—		—		27,715		22,647
Net operating loss carryforwards		110,978		54,438		10,014		9,576		120,992		64,014
Total deferred tax asset		225,195		135,321		17,139		16,638		242,334		151,959
Valuation allowance		(154,467)		(102,055)		(17,127)		(16,622)		(171,594)		(118,677)
Net deferred tax assets	$	70,728	$	33,266	$	12	$	16	$	70,740	$	33,282
Intangible assets		(7,360)		(15)		—		—		(7,360)		(15)
Convertible debt		(27,420)		(6,592)		—		—		(27,420)		(6,592)
Right of use asset (operating leases)		(27,684)		(23,040)		—		—		(27,684)		(23,040)
Other reserves and accruals		—		—		(12)		(16)		(12)		(16)
Property, plant and equipment and right of use assets		(9,191)		(3,619)		—		—		(9,191)		(3,619)
Deferred tax liability	$	(71,655)	$	(33,266)	$	(12)	$	(16)	$	(71,667)	$	(33,282)
Net	$	(927)	$	—	$	—	$	—	$	(927)	$	—

Schedule of Valuation Allowance

A reconciliation of the current year change in valuation allowance is as follows (in thousands):

	U.S.		Foreign		Total
Increase in valuation allowance for current year increase in net operating losses	$	51,848	$		$	51,848
Increase (decrease) in valuation allowance for current year net increase (decrease) in deferred tax assets other than net operating losses		(5,742)		133		(5,609)
Decrease in valuation allowance as a result of foreign currency fluctuation		6,306		—		6,306
Increase in valuation allowance due to change in tax rates		—		372		372
Net increase in valuation allowance	$	52,412	$	505	$	52,917