11. INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Provision for income taxes

	Years Ended December 31,
	2015			2014		2013
Current provision (benefit)	$	(8,011	)	$	11,040	$	–
Deferred provision (benefit)		(2,023	)		4,097		–
Total	$	(10,034	)	$	15,137	$	–

Schedule of Effective Income Tax Rate Reconciliation

	Years Ended December 31,
	2015			2014			2013
Statutory rate		35.0%			35.0%			35.0%
State income taxes, net of federal benefit		9.2			10.0			(8.2	)
Change in valuation allowance		(4.2	)		(11.5	)		458.0
Fair value adjustments and warrant inducements		2.0			31.8			–
Domestic production gross receipts deduction		(2.9	)		(2.0	)		–
Section 382 reduction to loss carryover		0.1			(24.2	)		(141.1	)
Stock compensation		(0.8	)		–			(20.9	)
Non-deductible items		(0.5	)		0.6			(27.7	)
Change in tax status of PE Op Co.		–			(1.6	)		–
Convertible debt instruments		–			–			(297.7	)
Other		(3.2	)		(1.3	)		2.6
Effective rate		34.7%			36.8%			0.0%

Components of deferred income taxes

	December 31,
	2015			2014
Deferred tax assets:
Net operating loss carryforwards	$	53,867		$	12,385
Railcar contracts		5,143			–
Pension liability		2,647			–
R&D and AMT credits		2,303			–
Litigation accrual		1,290			–
Capital leases		1,021			–
Stock-based compensation		724			781
Other		5,367			1,944
Total deferred tax assets		72,362			15,110
Deferred tax liabilities:
Fixed assets		(30,272	)		(24,813	)
Intangibles		(1,091	)		(1,134	)
Debt basis		(912	)		–
Other		(1,423	)		(450	)
Total deferred tax liabilities		(33,698	)		(26,397	)
Valuation allowance		(39,838	)		(4,147	)
Net deferred tax liabilities	$	(1,174	)	$	(15,434	)
Classified in balance sheet as:
Deferred tax liabilities	$	(1,174	)	$	(15,434	)

Net operating loss carryforwards

Tax Years	Federal		State
2016–2020	$	–	$	21,344
2021–2025		7,258		1,412
2026–2030		13,624		33,635
2031–2035		116,729		67,071
	$	137,611	$	123,462

Certain of these net operating losses are not immediately available, but become available to be utilized in each of the years ended December 31, as follows (in thousands):

Year		Federal		State
	2016	$	26,820	$	32,504
	2017		10,862		6,748
	2018		10,862		6,748
	2019		6,383		6,277
	2020		5,282		6,169
	Thereafter		77,402		65,016
		$	137,611	$	123,462

Federal Income Tax Note

Jurisdiction	Tax Years
Federal	2012 – 2014
Arizona	2012 – 2014
California	2011 – 2014
Colorado	2011 – 2014
Idaho	2012 – 2014
Illinois	2012 – 2014
Indiana	2012 – 2014
Iowa	2014
Kansas	2014
Minnesota	2014
Missouri	2014
Nebraska	2012 – 2014
Oklahoma	2014
Oregon	2012 – 2014