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Income Taxes
3 Months Ended
Mar. 31, 2015
Income Taxes [Abstract]  
Income Taxes
Note 11
Income Taxes:
The Company's tax expense includes federal, state and foreign income taxes at statutory rates and the effects of various permanent differences.
The difference between the Company's effective tax rates for the three month period ended March 31, 2015 and the U.S. Federal statutory rate (34%) resulted primarily from current federal and state losses for which no tax benefit is provided due to the 100% valuation allowance for those jurisdictions. In addition, the Israeli and UK subsidiaries' earnings are taxed at rates lower than the U.S. federal statutory rate (Israel 26.5% standard corporation tax rate and in the UK 20%).
During the three months ended March 31, 2015, the Company had no material changes to liabilities for uncertain tax positions. The Company is currently under examination for its 2012 federal return and various states. At this time, the Company does not believe that the results of these examinations will have a material impact on its financial statements.