Income Taxes (Restated) (Tables)

12 Months Ended

Dec. 31, 2013

The components of income tax provision were as follows at December 31:

		2013 (Restated)			2012			2011
Current:
U.S. federal	$	30		$	388		$	36
U.S. state and local taxes		58			67			178
Total current		88			455			214

Deferred:
U.S. federal		(35,672	)		(11,877	)		-
U.S. state and local taxes		(1,877	)		(2,308	)		-
Foreign		(63	)
Total deferred		(37,612	)		(14,185	)		-
Total income tax (benefit) expense	$	(37,524	)	$	(13,730	)	$	214

A reconciliation of income tax computed at the U.S. statutory rate to the effective income tax rate is as follows at December 31:

	2013 (Restated)		2012		2011
Statutory federal income tax rate	35.0	%	35.0	%	34.0	%
State tax expense, net of federal benefit	3.7	%	6.1	%	-4.5	%
Nondeductible expense related to stock warrants	0.0	%	-11.2	%	-72.8	%
Nondeductible expense related to embedded derivative	0.0	%	10.0	%	0.0	%
Other nondeductible expenses	3.4	%	2.7	%	-2.5	%
Effect of change in income tax rates	-1.9	%	14.4	%	5.1	%
Impact of state net operating losses	5.4	%	-11.4	%	15.5	%
Stock options	0.1	%	0.7	%	-4.8	%
Other	0.0	%	1.0	%	0.6	%
Expired net operating losses	15.7	%
Reduction in valuation allowance due to business
combination	0.0	%	-145.1	%	0.0	%
Change in valuation allowance	-283.0	%	-42.7	%	24.1	%
Total expense	-221.6	%	-140.5	%	-5.3	%

The following is a summary of the components of our deferred tax assets and liabilities at December 31:

		2013 (Restated)			2012
Deferred tax assets:
Net operating losses and credit carryforwards	$	58,798		$	62,307
Stock options		5,299			5,513
Deferred rent		1,692			196
Deferred revenue		13			44
Accrued expenses		792			1,310
Other		367			-
Total deferred tax assets		66,961			69,370
Valuation allowance		(1,229	)		(49,146	)
Net deferred tax assets	$	65,732		$	20,224

Deferred tax liabilities:
Property and equipment	$	(18,777	)	$	(20,012	)
Other		(627	)		(212	)
Total deferred tax liabilities		(19,404	)		(20,224	)
Net deferred tax assets	$	46,328		$	-