INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Taxes by Tax Jurisdiction

Income (loss) before income taxes by tax jurisdiction consists of the following for the periods shown below (in thousands):

	Years Ended December 31,
	2023		2022		2021
United States	$	(7,749)	$	(27,615)	$	25,181
Foreign	5,229		3,997		(14,702)
Total income (loss)	$	(2,520)	$	(23,618)	$	10,479

Schedule of Provision for (Benefit from) Current and Deferred Income Taxes

Provision for (benefit from) current and deferred income taxes consists of the following for the periods shown below (in thousands):

	Years Ended December 31,
	2023		2022		2021
Current tax expense:
Federal	$	55	$	(422)	$	959
State	559		(314)		731
Foreign	3,861		2,632		396
Total current tax expense	$	4,475	$	1,896	$	2,086
Deferred tax expense:
Federal	$	9,234	$	(6,818)	$	1,443
State	3,643		197		(404)
Foreign	(479)		(1,110)		(3,383)
Total deferred tax expense	$	12,398	$	(7,731)	$	(2,344)
Income tax expense (benefit)	$	16,873	$	(5,835)	$	(258)

Schedule of Difference Between the Actual Rate and the Federal Statutory Rate

The difference between the actual rate and the federal statutory rate is as follows:

	Years Ended December 31,
	2023		2022		2021
Statutory rate	21.0	%	21.0	%	21.0	%
Foreign provision	6.6		—		0.6
State/province income tax	(3.7)		5.8		4.0
Stock compensation	43.6		8.9		(1.6)
Unrecognized tax benefits	11.1		0.9		8.9
Research credit	14.8		3.5		(11.0)
Return to provision	(15.3)		0.8		1.5
Other foreign branch impacts	(16.7)		(10.2)		(4.6)
Valuation allowance	(643.4)		(3.6)		3.2
Foreign-derived intangible income deduction (FDII)	1.2		0.3		—
Global intangible low taxed income (GILTI)	(2.8)		(0.5)		—
Non-deductible expenses-other	(30.7)		(2.3)		3.4
Foreign branch income	(43.6)		(3.5)		1.3
Foreign tax deduction	23.8		2.4		—
Fair value adjustment on warrants	25.2		0.9		(27.9)
Foreign tax settlement	(60.6)		—		—
Other	(0.2)		0.2		(1.3)
Effective tax rate	(669.7)	%	24.6	%	(2.5)	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities consist of the following (in thousands):

	December 31,
	2023		2022
Deferred tax assets:
Net operating loss carryforwards	$	5,770	$	8,704
Tax credit carryforwards	1,953		3,213
Accrued liabilities	955		1,308
Stock compensation	5,826		4,712
Charitable contribution	509		651
Intangibles	852		—
Property and equipment	5,288		—
Operating lease liabilities	2,425		4,672
Total gross deferred tax assets	$	23,578	$	23,260
Less: Valuation allowance	(18,300)		(2,191)
Total deferred tax assets	$	5,278	$	21,069
Deferred tax liabilities:
Intangibles	—		373
Property and equipment	—		748
Prepaid expenses	1,159		1,031
Operating lease assets	2,282		4,491
Other	271		457
Total deferred tax liabilities	$	3,712	$	7,100
Deferred tax assets (liability), net	$	1,566	$	13,969

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits:

	Years Ended December 31,
	2023		2022		2021
Balance at beginning of period	$	533	$	637	$	—
Increases for tax positions of prior years	75		313		609
Increases for tax positions of current year	—		—		148
Decreases for tax positions of prior years	—		—		—
Settlements	—		(183)		(120)
Decreases for lapses in statute of limitations	(261)		$	(234)	$	—
Balance at end of period	$	347	$	533	$	637