Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Income tax benefit consisted of the following for the periods shown below:

Year Ended December 31,	2021		2020		2019
Current:
Federal	$	—	$	(1)	$	(141)
State	3,541		(78)		(60)
Total current tax expense (benefit)	$	3,541	$	(79)	$	(201)
Deferred:
Federal	$	(2,066)	$	—	$	—
State	(1,611)		—		—
Total deferred benefit	$	(3,677)	$	—	$	—
Income tax benefit	$	(136)	$	(79)	$	(201)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the income taxes expected at the statutory federal income tax rate and income tax benefit is as follows:

Year Ended December 31,	2021		2020		2019
Tax at federal statutory rate	$	3,873	$	(39,399)	$	(6,499)
State tax, net of federal tax benefit	1,524		(81)		(60)
Stock-based compensation expense	(11,839)		8,044		4,773
Research and development tax credits	(4,354)		(994)		(2,336)
Change in valuation allowance	7,867		29,728		(802)
Change in unrecognized tax benefit	2,177		497		1,168
Non-deductible expenses	742		2,278		3,250
Other	(126)		(152)		305
Income tax benefit	$	(136)	$	(79)	$	(201)

Deferred Tax Assets and Liabilities

The significant components of the Company’s deferred tax assets and liabilities were:

December 31,	2021		2020
Deferred tax assets:
Net operating loss (NOL) carryforwards	$	144,510	$	163,381
Allowance for loan and lease losses	41,170		—
Stock-based compensation	11,721		10,218
Reserves and accruals	13,051		15,652
Operating lease liabilities	25,807		28,032
Goodwill	14,737		17,375
Intangible assets	—		3,151
Tax credit carryforwards	19,339		18,215
Other	3,492		868
Total deferred tax assets	273,827		256,892
Valuation allowance	(223,367)		(211,228)
Deferred tax assets – net of valuation allowance	$	50,460	$	45,664
Deferred tax liabilities:
Internally developed software	$	(17,431)	$	(16,956)
Servicing fees	(2,452)		(2,780)
Operating lease assets	(21,614)		(22,048)
Leases	(6,961)		—
Intangible assets	(440)		—
Change in tax method	—		(1,769)
Other	(1,562)		(2,111)
Total deferred tax liabilities	$	(50,460)	$	(45,664)
Deferred tax asset (liability) – net	$	—	$	—

Changes in Unrecognized Tax Benefit

A reconciliation of the beginning and ending balance of total unrecognized tax benefits is as follows:

Year Ended December 31,	2021		2020		2019
Beginning balance	$	17,626	$	15,998	$	13,377
Gross increase for tax positions related to prior years	1,272		—		—
Gross increase for tax positions related to the current year	3,614		1,628		2,621
Ending balance	$	22,512	$	17,626	$	15,998