Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes

Schedule of components of income tax (benefit)/expense from continuing operations

(In thousands)	2013			2012			2011
Federal
Current	$	(485	)	$	(5,570	)	$	(5,539	)
Deferred		—			19,174			(568	)
State and local
Current		(597	)		(635	)		(1,193	)
Deferred		—			9,971			(122	)
Total income tax (benefit)/expense from continuing operations	$	(1,082	)	$	22,940		$	(7,422	)

Schedule of reconciliation of U.S. federal statutory income tax rate to the Company's effective income tax rate

(In thousands)	2013			2012			2011
Federal statutory rate—35%	$	(9,663	)	$	(9,452	)	$	(6,710	)
Increase in deferred tax asset valuation allowance		12,664			35,299			—
State and local income taxes, net of federal income taxes		(3,001	)		(2,935	)		(1,443	)
Expiration of statute of limitations		(608	)		—			—
Provision to return adjustments		(486	)		(274	)		530
Change in estimated state tax rates		—			—			(181	)
Uncertain tax positions		—			281			96
Other		12			21			286
Total income tax (benefit)/expense from continuing operations	$	(1,082	)	$	22,940		$	(7,422	)

Schedule of deferred tax assets and liabilities

(In thousands)	2013			2012
Deferred tax assets, net
Net operating loss carryforwards ("NOLs")	$	72,996		$	22,089
Compensation		5,007			12,061
Accrued liabilities		1,143			2,230
Investments		(4,050	)		(3,782	)
Uncertain tax positions		831			831
Fixed assets		—			(337	)
Intangible assets		—			(823	)
Deferred revenues		—			92
Other		417			1,323
Total net deferred tax asset before valuation allowance		76,344			33,684
Less: valuation allowance		(76,344	)		(33,684	)
Total deferred tax assets, net of valuation allowance	$	—		$	—

Summary of activity related to the Company's unrecognized tax benefits

(In thousands)
Balance—December 31, 2011	$	3,551
Decreases related to settlements		(184	)
Decreases related to expiration of statute of limitations		(133	)
Gross increases related to current year's tax positions		285
Balance—December 31, 2012	$	3,519
Decreases related to expiration of statute of limitations		(671	)
Balance—December 31, 2013	$	2,848