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Income Taxes
3 Months Ended
Mar. 31, 2016
Income Tax Disclosure [Abstract]  
Income Taxes

10. Income Taxes

The Company is subject to income tax in the United States as well as other tax jurisdictions in which it conducts business. Earnings from non-U.S. activities are subject to local country income tax. The Company does not provide for federal income taxes on the undistributed earnings of its foreign subsidiaries as such earnings are to be reinvested indefinitely. For the three months ended March 31, 2016 and 2015, the Company recorded income tax benefit of $0.1 million and an income tax expense $0.4 million respectively. The income tax benefit for the three months ended March 31, 2016 was primarily attributable to an intraperiod tax expense allocation related to unrealized gains reported in other comprehensive income, offset in part, by foreign and state income taxes. The income tax expense for the three months ended March 31, 2015 was primarily attributable to foreign and state income taxes.

Factors that impact the income tax provision include, but are not limited to, stock-based compensation expense, permanent tax adjustments, foreign operations and a valuation allowance against the Company’s domestic deferred tax assets.