XML 54 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes
6 Months Ended
Jun. 30, 2013
Income Tax Disclosure [Abstract]  
Income Taxes

8. Income Taxes

The Company established a valuation allowance for all U.S. deferred tax assets as required by FASB Accounting Standards Codification (“ASC”) 740-10. During the six months ended June 30, 2013, the Company incurred additional losses increasing the valuation allowance and utilized its net operating loss carry-forwards to offset tax on the gain on the sale of SCO resulting in a net decrease in the valuation allowance of $11.3 million (2012—increase of $4.0 million) to $52.6 million.