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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

U.S. and foreign (loss) earnings from continuing operations before income taxes and noncontrolling interests are as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
U.S.	$	(38,717)	$	(87,557)	$	(80,182)
Foreign	10,509		(7,001)		(13,730)
Total	$	(28,208)	$	(94,558)	$	(93,912)

Schedule of Components of Income Tax Expense (Benefit)

The components of the income tax provision (benefit) are as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Current income tax provision:
Federal	$	1,373	$	27	$	36
State	3,198		2,650		3,038
Foreign	7,277		1,691		1,249
Current income tax provision	11,848		4,368		4,323

Deferred income tax (benefit) provision:
Federal	(8,232)		(8,045)		(27,800)
State	(1,499)		(2,894)		(8,712)
Foreign	(278)		1,181		2,295
Deferred income tax benefit	(10,009)		(9,758)		(34,217)
Income tax provision (benefit)	$	1,839	$	(5,390)	$	(29,894)

Schedule of Deferred Tax Assets and Liabilities

The tax effects of cumulative temporary differences that give rise to significant deferred tax assets and deferred tax liabilities are presented below. The valuation allowance relates to deferred tax assets for which it is more likely than not that the tax benefit will not be realized.


	December 31,
	2023		2022
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	182,386	$	187,449
Tax credit carryforwards	26,519		21,588
Capitalized research & development expenditures	18,919		12,551
Long-term lease liabilities	16,288		21,902

Capitalized software, leasehold improvements and equipment, net	10,923		—
Other	33,485		30,980
Total deferred tax assets	288,520		274,470
Less valuation allowance	(76,821)		(64,877)
Net deferred tax assets	211,699		209,593

Deferred tax liabilities:
Intangible assets, net	(46,571)		(47,016)
Right-of-use assets	(10,588)		(13,919)
Capitalized costs to obtain a contract with a customer	(9,004)		(9,264)
Capitalized software, leasehold improvements and equipment, net	—		(3,839)
Other	(92)		(83)
Total deferred tax liabilities	(66,255)		(74,121)
Net deferred tax assets	$	145,444	$	135,472

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the income tax provision (benefit) to the amounts computed by applying the statutory federal income tax rate to earnings (loss) from continuing operations before income taxes is shown as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Income tax (benefit) at the federal statutory rate of 21%	$	(5,924)	$	(19,857)	$	(19,722)
State income taxes, net of effect of federal tax benefit	1,510		362		(1,040)
Research credit	(4,912)		(7,123)		(2,431)
Stock-based compensation	4,546		3,917		(13,643)
Non-deductible executive compensation	3,514		4,731		3,312
Unbenefited losses	3,352		7,106		1,610
Net adjustment related to the reconciliation of income tax provision accruals to tax returns	(2,430)		(1,212)		335
Foreign income taxed at a different statutory tax rate	1,216		5,355		2,872
Change in judgement on beginning of the year valuation allowance	399		966		(4,165)
Deferred tax adjustment for enacted changes in tax law and rates	99		178		768
Other, net	469		187		2,210
Income tax provision (benefit)	$	1,839	$	(5,390)	$	(29,894)

Schedule of Income Tax Contingencies

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest, is as follows:


	December 31,
	2023		2022		2021
	(In thousands)
Balance at January 1	$	6,181	$	6,298	$	5,268
Additions based on tax positions related to the current year	1,564		1,342		1,317
Additions for tax positions of prior years	545		1,006		264
Reductions for tax positions of prior years	(88)		—		(91)
Settlements	(188)		(2,465)		(460)
Balance at December 31	$	8,014	$	6,181	$	6,298