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1045 - Disclosure - Income Taxes (Tables)
(http://www.alsk.com/taxonomy/role/NotesToFinancialStatementsIncomeTaxDisclosureTextBlockTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001089511 (http://www.sec.gov/CIK)
Income Tax Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Income Tax Disclosure [Abstract]
 
Schedule of Consolidated Income (Loss) Before Income Tax

Consolidated income (loss) before income tax was as follows:

 

     2016      2015      2014  

Income (loss) before income tax

    $ 3,752      $ 23,085      $ (4,567 ) 
  
Schedule of Income Tax Provision

The income tax provision for the years ended December 31, 2016, 2015 and 2014 was comprised of the following:

 

     2016      2015      2014  

Current:

         

Federal income tax

    $ (276 )     $ 4,320      $ 217  

State income tax

      6        693        43  
  

 

 

     

 

 

     

 

 

  

Total current (benefit) expense

      (270 )       5,013        260  
  

 

 

     

 

 

     

 

 

  

Deferred:

         

Federal, excluding operating loss carry forwards

      1,680        69,774        (1,620 ) 

State, excluding operating loss carry forwards

      228        19,725        (427 ) 

Change in valuation allowance

      (139 )       —          —    

Tax benefit of operating loss carry forwards:

         

Federal

      —          (66,285 )       —    

State

      —          (18,027 )       —    
  

 

 

     

 

 

     

 

 

  

Total deferred expense (benefit)

      1,769        5,187        (2,047 ) 
  

 

 

     

 

 

     

 

 

  

Total income tax expense (benefit)

    $ 1,499      $ 10,200      $ (1,787 ) 
  

 

 

     

 

 

     

 

 

  
  
Summary of Reconciliation of Income Tax Expense (Benefit) at Federal Statutory Rate to Recorded Income Tax Expense (Benefit)

The following table provides a reconciliation of income tax expense (benefit) at the Federal statutory rate of 35% to the recorded income tax expense (benefit) for the years ended December 31, 2016, 2015 and 2014, respectively:

 

     2016      2015      2014  

Computed federal income taxes at the statutory rate

    $ 1,313      $ 8,080      $ (1,598 ) 

Expense (benefit) in tax resulting from:

         

State income taxes (net of Federal benefit)

      229        1,408        (278 ) 

Other

      (209 )       263        58  

Stock-based compensation

      27        449        31  

Change in valuation allowance

      139        —          —    
  

 

 

     

 

 

     

 

 

  

Total income tax expense (benefit)

    $ 1,499      $ 10,200      $ (1,787 ) 
  

 

 

     

 

 

     

 

 

  
  
Summary of Income Tax Expense (Benefit) Charged to Statement of Comprehensive Income (Loss) and Statement of Stockholders' Equity (Deficit)

Income tax expense (benefit) was charged to the statement of comprehensive income (loss) and statement of stockholders’ equity (deficit) as follows:

 

     2016      2015      2014  

Statement of comprehensive income (loss):

         

Income (loss) before income tax

    $ 1,499      $ 10,200      $ (1,787 ) 

Other comprehensive income (loss)

    $ 128      $ 1,434      $ 320  

Statement of stockholders’ equity (deficit):

         

Additional paid-in capital:

         

Excess tax expense (benefit) from share-based payments

    $ 47      $ (733 )     $ —    
  
Significant Components of Company's Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2016 and 2015, respectively, are as follows:

 

     2016      2015  

Deferred tax assets:

      

Net operating loss carry forwards

    $ 26,429      $ 16,863  

Deferred GCI capacity revenue

      15,340        22,654  

Reserves and accruals

      12,499        6,522  

Intangibles and goodwill

      1,620        1,765  

Fair value on interest rate swaps

      25        —    

Pension liability

      1,804        2,010  

Allowance for doubtful accounts

      458        696  

Alternative minimum tax carry forward

      9,380        9,668  

Other

      257        277  
  

 

 

     

 

 

  

Total deferred tax assets

      67,812        60,455  

Valuation allowance

      (139 )       —    
  

 

 

     

 

 

  

Deferred tax assets after valuation allowance

      67,673        60,455  
  

 

 

     

 

 

  

Deferred tax liabilities:

      

Debt issuance costs

      (933 )       (1,907 ) 

Property, plant and equipment

      (52,022 )       (41,886 ) 

Fair value on interest rate swaps

      —          (2 ) 
  

 

 

     

 

 

  

Total deferred tax liabilities

      (52,955 )       (43,795 ) 
  

 

 

     

 

 

  

Net deferred tax asset

    $ 14,718      $ 16,660