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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of Reconciliation of Differences Between Federal Income Tax Rate and Effective Tax Rate

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,

 

 

2017

 

 

2016

 

 

2015

 

 

Expected income tax benefit at the federal

   statutory rate

 

 

34.0

 

%

 

34.0

 

%

 

34.0

 

%

State taxes, net of federal benefit

 

 

0.0

 

 

 

0.0

 

 

 

(0.8

)

 

Change in effective tax rate

 

 

(54.1

)

 

 

0.0

 

 

 

(0.9

)

 

Non-deductible items and other

 

 

0.5

 

 

 

(0.7

)

 

 

(0.5

)

 

Federal and state credits

 

 

0.5

 

 

 

0.6

 

 

 

(0.7

)

 

Change in valuation allowance

 

 

19.1

 

 

 

(33.9

)

 

 

(31.1

)

 

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, 2017 and 2016 (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2017

 

 

2016

 

Net operating loss carryforwards

 

$

61,049

 

 

$

75,036

 

Research and development tax credits

 

 

3,731

 

 

 

2,131

 

Reserves and accruals

 

 

1,168

 

 

 

1,791

 

Other

 

 

6,611

 

 

 

4,594

 

Total deferred tax assets

 

 

72,559

 

 

 

83,552

 

Valuation allowance

 

 

(72,559

)

 

 

(83,552

)

Net deferred tax assets

 

$

 

 

$

 

 

Schedule of Unrecognized Tax Benefits

At December 31, 2017 and 2016, the Company’s unrecognized tax benefits consist of the following:

 

 

 

Year Ended December 31,

 

 

 

2017

 

 

2016

 

Unrecognized tax benefit, beginning of period

 

$

940

 

 

$

742

 

Gross increases — current year tax positions

 

 

327

 

 

 

198

 

Gross increases — prior year tax positions

 

 

73

 

 

 

 

Gross decreases — prior year tax positions

 

 

(205

)

 

 

 

Unrecognized tax benefit, end of period

 

$

1,135

 

 

$

940