Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Domestic and Foreign Components of Income Before Provision for Income Taxes

The domestic and foreign components of income (loss) before provision for income taxes consist of the following (amounts in thousands):


	Year Ended December 31,
	2020		2019		2018
United States	$	(113,689)	$	(105,961)	$	(38,078)
Israel	2,214		2,791		3,163
United Kingdom	536		5,377		3,690
Netherlands	3,398		(465)		3,235
Australia	1,663		716		686
Germany	243		3,854		2,900
Other (1)	507		462		230
	$	(105,128)	$	(93,226)	$	(24,174)
(1) Includes Japan and France

Schedule of Provision For Income Taxes

The provision for income taxes consists of the following (amounts in thousands):


	Year Ended December 31,
	2020		2019		2018
Current income taxes:
U.S. Federal	$	(581)	$	(452)	$	(1,932)
State and local	59		89		67
Foreign	2,408		4,415		3,032
Total current income taxes	1,886		4,052		1,167

Deferred income taxes:
U.S. Federal	(151)		126		(295)
State and local	459		135		(28)
Foreign	272		(1,468)		14
Total deferred income taxes	580		(1,207)		(309)
Total provision for income taxes	$	2,466	$	2,845	$	858

Schedule of Reconciliation of Federal Statutory Tax Rate to Effective Income Tax Rate

The difference between the total income taxes computed at the federal statutory rate and the provision for income taxes consists of the following:


	Year Ended December 31,
	2020		2019		2018
Federal statutory rate	21.00	%	21.00	%	21.00	%
State taxes, net of federal benefit	4.82	%	2.95	%	3.30	%
Non-deductible expenses – stock based compensation	(1.21)	%	1.82	%	4.73	%
Global Intangible Low Tax Income Inclusion	—	%	(2.29)	%	(7.99)	%
Non-deductible expenses – Other	0.14	%	(0.37)	%	(0.28)	%
Non-deductible excess compensation	(5.52)	%	(1.20)	%	(2.30)	%
Foreign taxes	(3.98)	%	(1.86)	%	(1.34)	%
Valuation allowance	(30.87)	%	(26.42)	%	(28.91)	%
Stock based compensation - excess tax benefit	9.93	%	6.18	%	6.10	%
Other	3.34	%	(2.86)	%	2.09	%
Total provision	(2.35)	%	(3.05)	%	(3.60)	%

Schedule of Federal Deferred Tax Assets and Deferred Tax Liabilities

The effects of temporary differences and federal NOL carryforwards that give rise to significant portions of federal deferred tax assets and deferred tax liabilities at December 31, 2020 and 2019 are presented below (amounts in thousands):


	Year Ended December 31,
	2020		2019
Deferred tax assets:
Net operating loss carryforwards	$	78,651	$	49,423
Foreign Tax Credit	1,222		—
Original Issue Discount	16,464		5,201
Interest	1,986		875
Operating lease liability	5,150		3,306
Accounts payable and accrued expenses	7,289		5,934
Non-cash compensation	7,401		4,195
Intangibles amortization	3,620		3,273
Allowance for doubtful accounts	954		419
Total deferred tax assets	122,737		72,626
Less valuation allowance	(55,357)		(48,451)
Deferred tax assets, net of valuation allowance	67,380		24,175
Deferred tax liabilities:
Property and equipment	(10,048)		(6,361)
Goodwill amortization and contingent earn-out adjustments	(5,294)		(3,430)
Convertible Notes Issuance	(49,118)		(11,055)
Operating lease right of use asset	(2,511)		(2,504)
Total deferred tax liabilities	(66,971)		(23,350)
Net deferred tax assets (liabilities)	$	409	$	825

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):


	Year Ended December 31,
	2020		2019
Unrecognized tax benefits balance at January 1	$	2,053	$	1,921
Gross decrease for tax positions of prior years	(438)		—
Gross increase for tax positions of current years	2,984		584
Decrease due to expiration of statue	—		(452)
Decrease due to settlement	(984)		—
Gross unrecognized tax benefits at December 31	$	3,615	$	2,053