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Income Taxes Income Taxes (Tables)
12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities
At December 31, 2017 and 2016, the estimated deferred income tax assets and liability were comprised of the following:
 
 
 
12/31/2017
 
12/31/2016
 
(in thousands)
Deferred tax assets:
 
 
 
Net operating loss carryforwards
$
40,502

 
$
57,327

Stock—based compensation
2,097

 
2,863

Development costs
27,213

 
26,805

Other
1,396

 
1,939

Net deferred tax assets
71,208

 
88,934

Valuation allowance
(71,208
)
 
(88,934
)
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,
 
2017
 
2016
 
2015
Tax provision at federal statutory tax rate
35.0
 %
 
35.0
 %
 
35.0
 %
New York State income taxes, net
 %
 
 %
 
(0.1
)%
Non-deductible interest
 %
 
(0.3
)%
 
(1.2
)%
Permanent items
(3.1
)%
 
(3.5
)%
 
(2.5
)%
Change in valuation allowance
(31.9
)%
 
(31.2
)%
 
(31.4
)%
Effective tax rate
 %
 
 %
 
(0.2
)%