Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of components of income tax expense (benefit)

The following table presents the components of our consolidated income tax expense (benefit) for the years ended December 31, 2016, 2015 and 2014:



	Current			Deferred			Total
Year ended December 31, 2016
U.S. Federal	$	35		$	(1,093	)	$	(1,058	)
State and local	511			$	1,519		$	2,030
Foreign	284			325			609
	$	830		$	751		$	1,581
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

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:



	2016			2015			2014
Statutory amount (computed at 35%)	$	(714	)	$	(3,703	)	$	3,519
State income tax, net of federal benefit	94			(709		)	(312		)
Permanent differences	99			43			122
Permanent differences, incentive stock options	224			298			157
True up to prior year taxes	109			—			(311		)
Valuation Allowance	1,769			1,552			—
Consolidated income tax provision	$	1,581		$	(2,519	)	$	3,175
Consolidated effective tax rate	(77.5		)%	23.8		%	31.6		%

Schedule of deferred tax assets and liabilities

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



	December 31, 2016						December 31, 2015
	Current			Long- term			Current			Long- term
Assets related to:
Accrued liabilities	$	2,322		$	—		$	3,073		$	—
Intangible assets	—			4,517			—			2,983
Net operating loss carryforward	—			7,455			—			4,597
Valuation allowance	—			(3,321		)	—			(1,552		)
Non-qualified stock options	112			1,367			31			1,354
Foreign tax credits	—			2,035			—			1,501
AMT credits	—			780			—			995
Other	45			16			44			32
Total assets	2,479			12,849			3,148			9,910
Liabilities related to:
Depreciation and amortization	—			(25,326		)	—			(24,309		)
Goodwill	—			(6,502		)	—			(4,933		)
Deferred revenue on maintenance contracts	(429		)	—			(8		)	—
Other	(37		)	(21		)	(32		)	(13		)
Total liabilities	(466		)	(31,849		)	(40		)	(29,255		)
Net deferred assets (liabilities)	$	2,013		$	(19,000	)	$	3,108		$	(19,345	)

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

As reported in the balance sheets:



	December 31, 2016			December 31, 2015
Net current deferred tax assets	2,013			3,108
Net non-current deferred tax liabilities	(19,000		)	(19,345		)
Total net deferred tax liabilities:	$	(16,987	)	$	(16,237	)