Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of components of income tax expense (benefit)

The following table presents the components of our consolidated income tax expense for the years ended December 31, 2015, 2014 and 2013:



	Current			Deferred			Total
Year ended December 31, 2015
U.S. Federal	$	3		$	(3,768	)	$	(3,765	)
State and local	(60		)	$	883		$	823
Foreign	423			—			423
	$	366		$	(2,885	)	$	(2,519	)
Year ended December 31, 2014
U.S. Federal	$	247		$	2,571		$	2,818
State and local	599			(702		)	(103		)
Foreign	460						460
	$	1,306		$	1,869		$	3,175
Year ended December 31, 2013
U.S. Federal	$	(936	)	$	19		$	(917	)
State and local	238			(258		)	(20		)
	$	(698	)	$	(239	)	$	(937	)

Schedule of effective income tax reconciliation

The Company’s income tax provision reconciles to the provision at the statutory U.S. federal income tax rate for each year ended December 31, as follows:



	2015			2014			2013
Statutory amount (computed at 35%)	$	(3,703	)	$	3,519		$	(212	)
State income tax, net of federal benefit	(709		)	(312		)	(20		)
Permanent differences	43			122			(13		)
Permanent differences, incentive stock options	298			157			237
True up of deferred balances for non-qualified stock options	—			—			(571		)
True up of deferred balances for state tax benefits	—			—			(401		)
True up to prior year taxes	—			(311		)	—
Valuation Allowance	1,552			—			—
Other, net	—			—			43
Consolidated income tax provision	$	(2,519	)	$	3,175		$	(937	)
Consolidated effective tax rate	23.8		%	31.6		%	154.6		%

Schedule of deferred tax assets and liabilities

The Company’s deferred tax assets and liabilities are as follows:



	December 31, 2015						December 31, 2014
	Current			Long- term			Current			Long- term
Assets related to:
Accrued liabilities	$	3,073		$	—		$	2,714		$	—
Intangible assets	—			2,983			111			1,935
Net operating loss carryforward	—			4,597			—			3,797
Valuation Allowance	—			(1,552		)	—			—
Non-qualified stock options	31			1,354			45			1,248
Foreign tax credits	—			1,501			—			1,078
AMT credits	—			995			—			993
Other	44			32			44			(16		)
Total assets	3,148			9,910			2,914			9,035
Liabilities related to:
Depreciation and amortization	—			(24,309		)	—			(26,173		)
Goodwill	—			(4,933		)	—			(3,753		)
Deferred revenue on maintenance contracts	(8		)	—			(1,121		)	14
Other	(32		)	(13		)	(38		)	—
Total liabilities	(40		)	(29,255		)	(1,159		)	(29,912		)
Net deferred assets (liabilities)	$	3,108		$	(19,345	)	$	1,755		$	(20,877	)

Schedule of net deferred tax assets and liabilities as reported in the balance sheet

As reported in the balance sheets:



	December 31, 2015			December 31, 2014
Net current deferred tax assets	3,108			1,755
Net non-current deferred tax liabilities	(19,345		)	(20,877		)
Total net deferred tax liabilities:	$	(16,237	)	$	(19,122	)