XML 60 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2013
Income Tax Disclosure [Abstract]  
Schedule of Income (Loss) Before Provision for Income Taxes

Income (loss) before provision for income taxes was generated from the following sources (in thousands):

 

     Year Ended December 31,   
     2013        2012        2011   

Domestic

   $ (27,968 )    $ (25,269 )    $ (165,555 ) 

Foreign

     168        (428)        20   
  

 

 

   

 

 

   

 

 

 

Total income (loss) before provision for income taxes

   $ (27,800 )    $ (25,697 )    $ (165,535 ) 
  

 

 

   

 

 

   

 

 

 

Summary of Income Tax Expense

A summary of the income tax expense is as follows (in thousands):

 

             Year Ended December 31,            
     2013        2012        2011   

Current:

      

Federal

   $ -        $ 50      $ (6,844 ) 

State

     (19 )      (440 )      190   

Foreign

     172        156        311   
  

 

 

   

 

 

   

 

 

 

Total current

     153        (234 )      (6,343 ) 
  

 

 

   

 

 

   

 

 

 

Deferred:

      

Federal

     -          -          (873 ) 

State

     -          -          1,713   

Tax deficiencies related to restricted stock expense

     -          -          (426 ) 
  

 

 

   

 

 

   

 

 

 

Total deferred

     -          -          414   
  

 

 

   

 

 

   

 

 

 

Total provision

   $ 153      $ (234 )    $ (5,929 ) 
  

 

 

   

 

 

   

 

 

 

Federal Statutory Rate to Profit before Income Taxes

A reconciliation of the provision for income taxes to the amount of income tax expense that would result from applying the federal statutory rate to the profit before income taxes is as follows:

 

     Year Ended December 31,   
     2013        2012        2011   

Federal statutory rate

     35 %      35 %      35 % 

State tax, net of federal benefit

     4        3        4     

Equity compensation

     (3 )      (2 )      -     

R&D tax credit

     -          -          -     

Goodwill impairment

     -          -          (5 ) 

Other

     2        (4 )      -     

Change in valuation allowance

     (39 )      (31 )      (30 ) 
  

 

 

   

 

 

   

 

 

 
     (1 )%      1 %      4 % 
  

 

 

   

 

 

   

 

 

 

 

Components of Deferred Tax Assets and Liabilities

The major components of the Company’s deferred tax assets and liabilities are as follows (in thousands):

 

     Year Ended December 31,   
     2013     2012  

Current

    

Various reserves

   $ 162      $ 199   

Nondeductible accruals

     1,879        1,352   

Prepaid expenses

     (101 )      (95 ) 

Other

     22        43   

Valuation allowance

     (1,810 )      (1,410 ) 
  

 

 

   

 

 

 

Total Current

   $ 152      $ 89   
  

 

 

   

 

 

 

Non-current

    

Credit carryforwards

     3,708        3,708   

Net operating loss carryforwards

     38,204        23,808   

Nondeductible accruals

     606        -    

Fixed assets

     1,498        1,299   

Amortization

     28,537        31,483   

Identifiable intangibles acquired

     (2,250 )      (2,239 ) 

Equity based compensation

     301        934   

Other

     14        24   

Valuation allowance

     (70,772 )      (59,108 ) 
  

 

 

   

 

 

 

Total Non-current

   $ (154 )    $ (91 ) 
  

 

 

   

 

 

 

Gross Unrecognized Tax Benefits Changes in Balances

The Company’s gross unrecognized tax benefits as of December 31, 2013 and 2012 and the changes in those balances are as follows (in thousands):

 

     Year Ended December 31,      
     2013         2012      
  

 

 

    

Beginning Balance

   $ 592       $ 324      

Increases for tax positions for current year

     -           -        

Increases/(Decreases) in tax positions for the prior year

     -           268      

Lapse in statute of limitations

     -           -        

Settlements

     -           -        

Other

     -           -        

Change in valuation allowance

     -           -        
  

 

 

    

Gross Unrecognized tax benefits, ending balance

   $ 592       $ 592