Income Taxes Income Tax (Tables)
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12 Months Ended |
Dec. 31, 2019 |
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| Income Tax Disclosure [Abstract] |
|
| Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
The domestic and international components of loss before income taxes are presented as follows:
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Years Ended December 31, |
|
2019 |
|
2018 |
|
2017 |
|
(in thousands) |
Domestic |
$ |
(61,893 |
) |
|
$ |
16,405 |
|
|
$ |
42,580 |
|
Foreign |
29,409 |
|
|
(49,257 |
) |
|
(76,578 |
) |
Loss before income taxes |
$ |
(32,484 |
) |
|
$ |
(32,852 |
) |
|
$ |
(33,998 |
) |
|
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
The income tax provision (benefit) consists of the following:
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Years Ended December 31, |
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2019 |
|
2018 |
|
2017 |
|
(in thousands) |
Current: |
|
|
|
|
|
Federal |
$ |
1,604 |
|
|
$ |
3,292 |
|
|
$ |
13,470 |
|
State |
16 |
|
|
37 |
|
|
26 |
|
Foreign |
1,560 |
|
|
1,640 |
|
|
1,784 |
|
Total current |
3,180 |
|
|
4,969 |
|
|
15,280 |
|
Deferred: |
|
|
|
|
|
Federal |
(13,793 |
) |
|
788 |
|
|
19,451 |
|
State |
(1,829 |
) |
|
(2,799 |
) |
|
(4,668 |
) |
Foreign |
1,095 |
|
|
(3,884 |
) |
|
(3,697 |
) |
Change in valuation allowance |
(1,239 |
) |
|
(5,727 |
) |
|
(51,177 |
) |
Total deferred |
(15,766 |
) |
|
(11,622 |
) |
|
(40,091 |
) |
Total income tax benefit |
$ |
(12,586 |
) |
|
$ |
(6,653 |
) |
|
$ |
(24,811 |
) |
|
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
The actual income tax provision (benefit) differs from the amount computed using the federal statutory rate as follows:
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Years Ended December 31, |
|
2019 |
|
2018 |
|
2017 |
|
(in thousands) |
Provision (benefit) at statutory rate |
$ |
(6,821 |
) |
|
$ |
(6,814 |
) |
|
$ |
(11,899 |
) |
State income taxes (net of federal benefit) |
11 |
|
|
20 |
|
|
17 |
|
Research and development credits |
(7,815 |
) |
|
(8,849 |
) |
|
(8,153 |
) |
Foreign rate differential |
(4,489 |
) |
|
8,640 |
|
|
23,666 |
|
Stock compensation |
(2,750 |
) |
|
74 |
|
|
(5,713 |
) |
Foreign income inclusion |
3,936 |
|
|
1,103 |
|
|
— |
|
Transaction costs |
— |
|
|
— |
|
|
553 |
|
Provision to return |
1,887 |
|
|
(27 |
) |
|
(917 |
) |
Uncertain tax positions |
1,244 |
|
|
1,463 |
|
|
1,993 |
|
Foreign tax credits |
— |
|
|
— |
|
|
(5 |
) |
Permanent and other |
716 |
|
|
1,319 |
|
|
1,730 |
|
Foreign unremitted earnings |
(103 |
) |
|
1,960 |
|
|
(1,368 |
) |
Tax Act |
— |
|
|
185 |
|
|
25,205 |
|
Other tax rate changes |
— |
|
|
— |
|
|
1,257 |
|
Attribute expirations |
2,837 |
|
|
— |
|
|
— |
|
Valuation allowance |
(1,239 |
) |
|
(5,727 |
) |
|
(51,177 |
) |
Total income tax benefit |
$ |
(12,586 |
) |
|
$ |
(6,653 |
) |
|
$ |
(24,811 |
) |
|
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
The components of the deferred income tax assets are as follows:
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|
December 31, |
|
2019 |
|
2018 |
|
(in thousands) |
Deferred tax assets: |
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|
|
Net operating loss carryforwards |
$ |
65,477 |
|
|
$ |
64,887 |
|
Research and development credits |
80,404 |
|
|
75,032 |
|
Accrued expenses and other |
7,768 |
|
|
7,965 |
|
Lease obligation |
2,047 |
|
|
— |
|
Accrued compensation |
1,441 |
|
|
2,504 |
|
Stock-based compensation |
3,460 |
|
|
2,550 |
|
|
160,597 |
|
|
152,938 |
|
Less valuation allowance |
(77,957 |
) |
|
(79,196 |
) |
|
82,640 |
|
|
73,742 |
|
Deferred tax liabilities: |
|
|
|
Fixed assets |
(246 |
) |
|
(1,391 |
) |
Leased right-of-use assets |
(1,483 |
) |
|
— |
|
Intangible assets |
(13,627 |
) |
|
(20,833 |
) |
Net deferred tax assets |
$ |
67,284 |
|
|
$ |
51,518 |
|
|
| Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
The following table summarizes the changes to the unrecognized tax benefits during 2019, 2018 and 2017:
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|
|
|
|
(in thousands) |
Balance as of December 31, 2016 |
$ |
23,417 |
|
Additions based on tax positions related to the current year |
3,037 |
|
Additions related to acquisitions |
37,090 |
|
Decreases based on tax positions of prior year |
(458 |
) |
Balance as of December 31, 2017 |
$ |
63,086 |
|
Additions based on tax positions related to the current year |
3,080 |
|
Decreases based on tax positions of prior year |
(4,696 |
) |
Balance as of December 31, 2018 |
$ |
61,470 |
|
Additions based on tax positions related to the current year |
1,678 |
|
Decreases based on tax positions of prior year |
(1,121 |
) |
Balance as of December 31, 2019 |
$ |
62,027 |
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