XML 58 R37.htm IDEA: XBRL DOCUMENT v3.6.0.2
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]  
Schedule of Reconciliation of Differences Between Income Taxes

The following reconciles the differences between income taxes computed at the federal income tax rate and the provision for income taxes:

 

 

 

Year Ended December 31,

 

 

2016

 

 

2015

 

 

2014

 

 

Expected income tax benefit at the federal

   statutory rate

 

 

34.0

 

%

34.0

 

%

 

34.0

 

%

State taxes, net of federal benefit

 

 

0.0

 

 

 

(0.8

)

 

 

3.7

 

 

Change in effective tax rate

 

 

0.0

 

 

 

(0.9

)

 

 

1.3

 

 

Non-deductible items and other

 

 

(0.7

)

 

 

(0.5

)

 

 

0.4

 

 

Federal and state credits

 

 

0.6

 

 

 

(0.7

)

 

 

1.2

 

 

Change in valuation allowance

 

 

(33.9

)

 

 

(31.1

)

 

 

(40.6

)

 

Total

 

 

0.0

 

%

 

0.0

 

%

 

0.0

 

%

 

Schedule of Deferred Tax Assets

The principal components of the Company’s net deferred tax assets consisted of the following at December 31, 2016 and 2015 (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

Net operating loss carryforwards

 

$

75,036

 

 

$

60,979

 

Research and development tax credits

 

 

2,131

 

 

 

1,731

 

Reserves and accruals

 

 

1,791

 

 

 

966

 

Other

 

 

4,594

 

 

 

2,433

 

Total deferred tax assets

 

 

83,552

 

 

 

66,109

 

Valuation allowance

 

 

(83,552

)

 

 

(66,109

)

Net deferred tax assets

 

$

 

 

$

 

 

Schedule of Unrecognized Tax Benefits

At December 31, 2016 and 2015, the Company’s unrecognized tax benefits consist of the following:

 

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

Unrecognized tax benefit, beginning of period

 

$

742

 

 

$

 

Gross increases — current year tax positions

 

 

198

 

 

 

130

 

Gross decreases — current year tax positions

 

 

 

 

 

 

Gross increases — prior year tax positions

 

 

 

 

 

612

 

Unrecognized tax benefit, end of period

 

$

940

 

 

$

742