Income Taxes (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Net Operating Losses for Tax Purposes

The Company has generated net operating losses for tax purposes (“NOLs”). The following table summarizes the activity for NOLs for the three months ended March 31, 2016:

December 31, 2015	$	(26,070	)
U.S. GAAP pretax income		23,216
State income taxes		(49	)
Income tax differences:
Temporary		(27,186	)
Permanent		1,227
March 31, 2016	$	(28,862	)

Summary of Gross and Tax Affected Deferred Tax Asset Recorded

A summary of the components of the gross and tax affected deferred tax asset as of March 31, 2016 is as follows:

Stock-based compensation	$	7,298
Deferred rent liability		5,414
NOLs		7,879
Accrued expenses		3,242
Incentive compensation		(6,219	)
Fixed assets		(5,865	)
Other		220
Total U.S. deferred components		11,969
U.S. income tax rate		38.74	%
U.S. tax affected		4,637
Japan		80
Total tax affected	$	4,717

Foreign Subsidiaries [Member]

Schedule of Net Operating Losses for Tax Purposes

The following table summarizes the activity for these NOLs for the three months ended March 31, 2016:

December 31, 2015	$	(10,746	)
Foreign subsidiaries loss		(1,650	)
March 31, 2016	$	(12,396	)