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Income Taxes Income Taxes (Tables)
12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities
At December 31, 2015 and 2014, the estimated deferred income tax assets and liability were comprised of the following:
 
(in thousands)
 
2015
 
2014
Deferred tax assets:
 
 
 
Net operating loss carry forwards
$
57,177

 
$
56,942

Stock—based compensation
6,706

 
7,636

Development costs
20,101

 
6,776

Other
2,108

 
1,301

 
86,092

 
72,655

Deferred tax liability:
 
 
 
Depreciation

 
(551
)
Net deferred tax assets
86,092

 
72,104

Valuation allowance
(86,092
)
 
(72,104
)
Deferred tax assets, net
$

 
$

Schedule of Effective Income Tax Rate Reconciliation
The following is a reconciliation of the federal statutory tax rate to the Company’s effective tax rate:
 
Year ended
December 31,
 
2015
 
2014
 
2013
Tax provision at federal statutory tax rate
35.0
 %
 
35.0
 %
 
35.0
 %
State income taxes, net
(0.1
)%
 
 %
 
(0.1
)%
Non-deductible interest
(1.2
)%
 
(11.3
)%
 
 %
Permanent items
(2.5
)%
 
1.8
 %
 
(0.3
)%
Expiration of net operating loss carry forwards
 %
 
 %
 
 %
Change in valuation allowance
(31.4
)%
 
(25.5
)%
 
(34.7
)%
Other taxes
 %
 
 %
 
 %
Non-includable (income) expenses
 %
 
 %
 
 %
Effective tax rate
(0.2
)%
 
 %
 
(0.1
)%