XML 74 R18.htm IDEA: XBRL DOCUMENT

Income Taxes

12 Months Ended

Dec. 31, 2014

12.

Income Taxes

The income tax provision for the years ended December 31, 2014 and 2013 comprised the following (in thousands):


	Years Ended December 31,
	2014		2013
Federal income taxes:
Current	$	37	$	356
Deferred		6		(113	)
State income taxes:
Current		26		43
Deferred		1		(13	)

Income tax provision	$	70	$	273

As of December 31, 2014 and 2013, the Company had $0.5 million of net deferred tax assets representing basis differences in the assets of the TRS and stock-based compensation attributable to the TRS.

Management has evaluated the Company’s income tax positions and concluded that the Company has no uncertain income tax positions as of December 31, 2014 or 2013.

The Company had no income tax expense or benefit for the years ended December 31, 2012 and 2011 as the Predecessor consisted of flow-through entities that were not subject to tax.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details