Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Taxes

Schedule of Income/(Loss) Before Income Taxes

Income (loss) from operations before income taxes consisted of the following (in thousands):

	2017		2016		2015
Domestic	$	(30,593)	$	(1,856)	$	(43,518)
Foreign		(577)		(165)		72
Loss from operations before income taxes	$	(31,170)	$	(2,021)	$	(43,446)

Schedule of Income Tax Benefit (Expense)

Income tax benefit (expense) consisted of the following (in thousands):

	2017		2016		2015
Current (expense) benefit:
Federal	$	—	$	—	$	—
State		(85)		(6)		(32)
International		55		(22)		(23)
Deferred (expense) benefit:
Federal		(22)		—		—
State		(5)		—		—
International		94		38		—
Total income tax benefit (expense)	$	37	$	10	$	(55)

Reconciliation of Federal Statutory Income Tax Rate to Effective Income Tax Rate

The reconciliation of the federal statutory income tax rate of 35% to our effective income tax rate is as follows (in thousands):

	2017		2016		2015
Expected income tax benefit at U.S. statutory rate	$	10,909	$	707	$	15,198
Difference between U.S. and foreign taxes		(92)		(32)		6
State tax (expense) benefit, net of federal taxes		325		(41)		983
Stock-based compensation		243		(725)		(982)
Meals and entertainment		(116)		(98)		(135)
Non-deductible officer compensation		(1,463)		—		—
Deferred tax changes due to new tax rate and other adjustments		(32,304)		(1,371)		(1,604)
Valuation allowance		22,530		1,549		(13,509)
Other		5		21		(12)
Total income tax benefit (expense)	$	37	$	10	$	(55)

Tax Effects of Temporary Differences That Give Rise to Significant Portions of Deferred Tax Assets and Deferred Tax Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below (in thousands):

	December 31,		December 31,
	2017		2016
Deferred tax assets:
Accrued liabilities not currently deductible	$	1,542	$	2,479
Intangible assets—excess of tax basis over financial statement basis		21,327		37,693
Federal impact of deferred state taxes		(2,011)		(3,242)
Net operating losses		45,268		52,367
Stock-based compensation		2,152		3,640
Other		399		408
		68,677		93,345
Deferred tax liabilities:
Intangible assets—excess of financial statement basis over tax basis		(332)		(677)
Property and equipment		(755)		(1,169)
Deferred gain on sale		—		(1,555)
		(1,087)		(3,401)
Valuation allowance		(67,630)		(90,052)
Net deferred tax liabilities	$	(40)	$	(108)
Current	$	—	$	—
Non-current		(40)		(108)
	$	(40)	$	(108)