Income Taxes	3 Months Ended
Mar. 31, 2017
Income Taxes	Note 7 — Income Taxes The Company’s income tax benefit of $0.3 million for the three months ended March 31, 2017 reflects an effective tax rate of 1.8%. The Company’s income tax expense of $0.4 million for the three months ended March 31, 2016 reflects an effective tax rate of (2.5%). The majority of the tax benefit for the three months ended March 31, 2017 relates to foreign income taxes partially offset by the U.S. alternative minimum tax. The majority of the tax expense for the three months ended March 31, 2016 relates to foreign taxes. During the first quarter of 2017, the Company adopted ASU 2016-09, “Improvement to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for share-based payments, including treatment of excess tax benefits and forfeitures, as well as consideration of minimum statutory tax withholding requirements. Under the new standard, all excess tax benefits and tax deficiencies will be recognized as income tax expense or benefit in the income statement as discrete items in the reporting period in which they occur. Discrete tax expense of $51,000 was recognized in the income statement, but was fully offset by the valuation allowance. The Company had no unrecognized tax benefits related to its share-based payment awards at the adoption date. Therefore, no cumulative-effect adjustment to retained earnings was required as of the adoption date. In accordance with the provisions of this ASU, excess tax benefits will be recognized on a prospective basis within the operating section of the consolidated statement of cash flows, rather than the financing section. The Company has previously classified cash paid for tax withholding purposes as a financing activity in the statement of cash flows; therefore there is no change related to this requirement. The amendments allow for a one-time accounting policy election to either account for forfeitures as they occur or continue to estimate forfeitures as required by previous guidance. The Company has elected to continue estimating forfeitures under the previous guidance. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.

Note 7 — Income Taxes

The Company’s income tax benefit of $0.3 million for the three months ended March 31, 2017 reflects an effective tax rate of 1.8%. The Company’s income tax expense of $0.4 million for the three months ended March 31, 2016 reflects an effective tax rate of (2.5%). The majority of the tax benefit for the three months ended March 31, 2017 relates to foreign income taxes partially offset by the U.S. alternative minimum tax. The majority of the tax expense for the three months ended March 31, 2016 relates to foreign taxes.

During the first quarter of 2017, the Company adopted ASU 2016-09, “Improvement to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for share-based payments, including treatment of excess tax benefits and forfeitures, as well as consideration of minimum statutory tax withholding requirements. Under the new standard, all excess tax benefits and tax deficiencies will be recognized as income tax expense or benefit in the income statement as discrete items in the reporting period in which they occur. Discrete tax expense of $51,000 was recognized in the income statement, but was fully offset by the valuation allowance. The Company had no unrecognized tax benefits related to its share-based payment awards at the adoption date. Therefore, no cumulative-effect adjustment to retained earnings was required as of the adoption date. In accordance with the provisions of this ASU, excess tax benefits will be recognized on a prospective basis within the operating section of the consolidated statement of cash flows, rather than the financing section. The Company has previously classified cash paid for tax withholding purposes as a financing activity in the statement of cash flows; therefore there is no change related to this requirement. The amendments allow for a one-time accounting policy election to either account for forfeitures as they occur or continue to estimate forfeitures as required by previous guidance. The Company has elected to continue estimating forfeitures under the previous guidance. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.