Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Summary of (Provision) Benefit from Income Taxes

The following summarizes the provision from income taxes (in thousands):

	Year Ended December 31,			Year Ended December 31,			Year Ended December 31,
	2017			2016			2015
Current
Federal	$	(25,974	)	$	(26,978	)	$	(15,296	)
State	(9,122		)	(4,077		)	(3,350		)
Deferred
Federal	(26,663		)	(1,395		)	(5,259		)
State	(1,174		)	(2,400		)	(2,901		)
	$	(62,933	)	$	(34,850	)	$	(26,806	)

Schedule of Difference in Income Taxes from Amounts Computed by Applying Federal Statutory Rates

Income taxes differ from the amounts computed by applying the applicable federal statutory rates due to the following (in thousands):

	Year Ended December 31,			Year Ended December 31,			Year Ended December 31,
	2017			2016			2015
Provision for federal income taxes at the statutory rate	$	(42,240	)	$	(35,986	)	$	(30,473	)
(Increases)/decreases in tax resulting from:
Provision for state income taxes, net of federal income tax benefits	(6,692		)	(4,210		)	(4,063		)
Rate adjustment - new tax reform legislation	(23,126		)	—			—
Change in valuation allowance	—			—			1,626
Domestic production activities deduction	2,868			2,481			2,087
Nondeductible items-other	(94		)	(58		)	(52		)
Non-controlling interests	3,366			2,895			1,024
Change in RBIL estimate	—			—			1,771
Tax credits	(160		)	166			1,272
Stock based compensation	281			27			—
Other, net	2,864			(165		)	2
	$	(62,933	)	$	(34,850	)	$	(26,806	)

Summary of Temporary Differences Giving Rise to Deferred Income Taxes

Temporary differences giving rise to deferred income taxes consist of the following (in thousands):

	December 31,
	2017			2016
Deferred tax assets
Impairment and other reserves	$	33,883		$	53,806
Compensation deductible for tax purposes when paid	5,093			9,161
AMT credit carryover	1,384			1,384
Unused recognized built-in loss	10,706			18,651
Net operating loss	3,488			3,172
Effect of book/tax differences for general and administrative	4,508			6,427
Other	806			694
	59,868			93,295
Deferred tax liabilities
Effect of book/tax differences for joint ventures	(1,343		)	(2,706		)
Effect of book/tax differences for capitalized interest	(6,478		)	(11,103		)
Fixed assets and intangibles	(1,850		)	(1,716		)
Goodwill and other intangibles	(1,998		)	(1,541		)
Other	(284		)	(478		)
	(11,953		)	(17,544		)
Total deferred tax assets, net	$	47,915		$	75,751