Income Taxes - (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Components of (Loss) Income Before Income Taxes

The components of income (loss) before income taxes consisted of the following (in thousands):



	Year Ended December 31,
	2017		2016		2015
Domestic	$	52,986	$	18,016	$	(12,294	)
Foreign jurisdictions	$	3,959	$	3,941	$	4,464
Income (loss) before income taxes	$	56,945	$	21,957	$	(7,830	)

Schedule of Income Tax Provision (Benefit)

Income tax provision (benefit) consisted of the following (in thousands):

	Current		Deferred			Total
Year ended December 31, 2017
U.S. Federal	$	10,953	$	3,466		$	14,419
U.S. state and local		2,032		51			2,083
Foreign jurisdictions		1,576		(255	)		1,321
	$	14,561	$	3,262		$	17,823

Year ended December 31, 2016
U.S. Federal	$	15,105	$	(8,784	)	$	6,321
U.S. state and local		1,636		(524	)		1,112
Foreign jurisdictions		710		389			1,099
	$	17,451	$	(8,919	)	$	8,532

Year ended December 31, 2015
U.S. Federal	$	11,067	$	(11,995	)	$	(928	)
U.S. state and local		1,119		(761	)		358
Foreign jurisdictions		1,372		41			1,413
	$	13,558	$	(12,715	)	$	843

Summary Of Difference Between Statutory Rate for Federal Income Tax and Effective Income Tax Rate

The difference between the statutory rate for federal income tax and the effective income tax rate was as follows (in thousands):



	Year Ended December 31,
	2017					2016					2015
Income tax expense calculated at the federal statutory rate	$	19,931		35.0	%	$	7,685		35.0	%	$	(2,740	)		35.0	%
Effect of:
State and local taxes, net of federal benefit		1,606		2.8			912		4.2			487			(6.2	)
Tax on foreign earnings, net of tax credits and deductions		(69	)	(0.1	)		(26	)	(0.1	)		(330	)		4.2
Tax reform adjustment		(3,418	)	(6.0	)
Deferred credit		(1,053	)	(1.9	)
Change in valuation allowance		-		-			-		-			-			-
Permanent items:
Goodwill impairment		-		-			-		-			2,106			(26.9	)
Stock-based awards		(179	)	(0.3	)		(534	)	(2.4	)		778			(9.9	)
Tax reform adjustment		574		1.0			-		-			-			-
Other		483		0.9			174		0.8			185			(2.4	)
State/Local tax credits		(1,187	)	(2.1	)		(1,049	)	(4.8	)		(931	)		11.9
Change in liability for uncertain tax positions		1,141		2.0			1,212		5.5			1,250			(16.0	)
Other		(6	)	(0.0	)		158		0.7			38			(0.5	)
	$	17,823		31.3	%	$	8,532		38.9	%	$	843		(10.8)%

Schedule of Components of Company's Net Deferred Tax Asset (Liability)

Components of the Company’s net deferred tax asset (liability) included in the consolidated balance sheets consisted of the following at December 31 (in thousands):


	2017			2016
Deferred tax assets:
Accrued liabilities	$	17,563		$	19,393
Depreciation and amortization		980			1,787
Foreign operating loss carryforward		246			246
U.S. federal tax credits and carryforward		8,152			-
U.S. state and local tax credits and carryforward		1,799			385
Other		667			1,209
Valuation allowance		(2,394	)		(987	)
Total deferred tax assets		27,013			22,033

Deferred tax liabilities:
Depreciation and amortization		(20,117	)		(33,436	)
Prepaid expenses		(572	)		(310	)
Other		(541	)		(220	)
Total deferred tax liabilities		(21,230	)		(33,966	)
Net deferred tax asset (liability)	$	5,783		$	(11,933	)

Schedule of Annual Activity Related to Valuation Allowance

Annual activity related to the Company’s valuation allowance is as follows (in thousands):



	Year Ended December 31,
	2017			2016			2015
Beginning Balance	$	987		$	1,021		$	1,086
Additions charged to expense		-			-			-
Additions due to asset acquisition		2,033			-			-
Reductions from utilization, reassessments and expirations		3			(34	)		(65	)
Remeasurement due to effect of tax reform		(629	)		-			-
Ending Balance	$	2,394		$	987		$	1,021

Schedule of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows (in thousands):



	Year Ended December 31,
	2017		2016			2015
Beginning Balance	$	5,698	$	2,604		$	1,353
Increases in tax positions for prior years		5		-			-
Decreases in tax positions for prior years		-		(196	)		(14	)
Increases in tax positions for current year		1,187		3,365			1,265
Lapse in statute of limitations		-		(75	)		-
Ending Balance	$	6,890	$	5,698		$	2,604