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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Loss Before Income Taxes
Loss before income taxes includes the following components:
Year ended December 31,
202120202019
(in thousands)
United States$(224,159)$(86,842)$(30,970)
Foreign1,531 (20,570)(20,088)
Loss before income taxes$(222,628)$(107,412)$(51,058)
Schedule of Income Tax Expense (Benefit)
The income tax expense (benefit) consists of the following:
Year ended December 31,
202120202019
(in thousands)
Current tax provision (benefit):
Federal
$— $— $— 
State
— 420 106 
Foreign
322 1,050 386 
Deferred tax provision (benefit):
Federal
(253)(10,631)— 
State
— (2,319)— 
Foreign
— — — 
Total tax expense (benefit)$69 $(11,480)$492 
Schedule of Effective Tax Rate Reconciliation Reconciliation between our effective tax rate on income from continuing operations and the U.S. federal statutory rate is as follows:
Year ended December 31,
202120202019
Provision at federal statutory tax rate21 %21 %21 %
State taxes, net of federal tax impact— — 
Change in valuation allowance(30)(35)(12)
Foreign tax rate differential— (5)(8)
Acquisition related expenses— (2)— 
Stock-based compensation30 — 
Research and development credits— — 
Restructuring— — 
Other— — (2)
Effective tax rate— %11 %(1)%
Schedule of Deferred Tax Assets and Liabilities
Our deferred tax assets and liabilities were as follows:
Year ended December 31,
20212020
(in thousands)
Reserves and accruals$3,149 $941 
Lease liability20,415 17,481 
Stock-based compensation6,000 3,969 
Net operating losses162,260 109,281 
Payroll taxes454 — 
Depreciation of property, plant and equipment1,958 576 
Research and development credits16,636 — 
Deferred revenue7,821 — 
Deferred tax assets218,693 132,248 
Deferred Revenue— (673)
Right-of-use Asset(19,073)(16,160)
Amortization of intangible assets(21,935)(31,188)
State Taxes(8,969)(4,319)
Other(4,724)(133)
Deferred tax liabilities$(54,701)$(52,473)
Valuation allowance(163,992)(80,028)
Net deferred tax (liabilities) assets$— $(253)
Schedule of Unrecognized Tax Benefits
A reconciliation of the Company’s unrecognized tax benefits is as follows (in thousands):
Year ended December 31,
20212020
Balance at beginning of year
$3,186 $— 
Increases related to prior year tax positions
3,113 2,328 
Decreases related to prior year tax positions
(31)— 
Increases related to current year tax positions
1,540 858 
Balance at end of year
$7,808 $3,186