| INCOME TAXES | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
INCOME TAXES | |
Schedule of consolidated income before tax for domestic and foreign operations |
The following presents consolidated (loss) income before tax for domestic and foreign operations (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
|
|
|
2016
|
|
2015
|
|
2014
|
|
|
Consolidated (loss) income before tax
|
|
|
|
|
|
|
|
|
|
|
|
Domestic
|
|
$
|
(225,538)
|
|
$
|
(129,602)
|
|
$
|
13,870
|
|
|
Foreign
|
|
|
7,755
|
|
|
6,519
|
|
|
6,431
|
|
|
Total
|
|
$
|
(217,783)
|
|
$
|
(123,083)
|
|
$
|
20,301
|
|
|
Schedule of the Company's income tax provision attributable to income from operations before tax |
The income tax (benefit) provision attributable to (loss) income from operations before tax consists of the following components (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
|
|
|
2016
|
|
2015
|
|
2014
|
|
|
Income tax (benefit) provision
|
|
|
|
|
|
|
|
|
|
|
|
Domestic
|
|
$
|
30,400
|
|
$
|
(19,746)
|
|
$
|
6,637
|
|
|
Foreign
|
|
|
1,296
|
|
|
1,635
|
|
|
1,524
|
|
|
Total income tax (benefit) provision
|
|
$
|
31,696
|
|
$
|
(18,111)
|
|
$
|
8,161
|
|
|
Income tax (benefit) provision components
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
|
$
|
1,756
|
|
$
|
1,767
|
|
$
|
1,598
|
|
|
Deferred
|
|
|
29,940
|
|
|
(19,878)
|
|
|
6,563
|
|
|
Total income tax (benefit) provision
|
|
$
|
31,696
|
|
$
|
(18,111)
|
|
$
|
8,161
|
|
|
Schedule of reconciliation of the federal statutory rate and the Company's effective income tax rate |
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
|
|
|
|
|
December 31,
|
|
|
|
|
2016
|
|
2015
|
|
2014
|
|
|
Income tax reconciliation
|
|
|
|
|
|
|
|
|
Federal statutory rate
|
|
35.0
|
%
|
35.0
|
%
|
35.0
|
%
|
|
Foreign provision
|
|
0.5
|
%
|
0.6
|
%
|
(3.6)
|
%
|
|
State/province income tax
|
|
0.8
|
%
|
1.1
|
%
|
0.9
|
%
|
|
Non-deductible compensation cost
|
|
(0.5)
|
%
|
(1.1)
|
%
|
0.7
|
%
|
|
Non-deductible acquisition cost
|
|
0.0
|
%
|
0.0
|
%
|
5.9
|
%
|
|
Adjustment to carrying value
|
|
0.2
|
%
|
0.6
|
%
|
1.9
|
%
|
|
Research credit
|
|
0.2
|
%
|
0.6
|
%
|
0.0
|
%
|
|
Valuation allowance
|
|
(27.4)
|
%
|
0.0
|
%
|
0.0
|
%
|
|
Goodwill impairment
|
|
(23.5)
|
%
|
(21.3)
|
%
|
0.0
|
%
|
|
Other
|
|
0.1
|
%
|
(0.8)
|
%
|
(0.6)
|
%
|
|
Effective tax rate
|
|
(14.6)
|
%
|
14.7
|
%
|
40.2
|
%
|
|
Schedule of major tax-effected components of deferred tax assets and liabilities |
The major tax‑effected components of the deferred tax assets and liabilities are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
|
|
|
2016
|
|
2015
|
|
2014
|
|
|
Deferred income tax assets related to:
|
|
|
|
|
|
|
|
|
|
|
|
Net operating losses
|
|
$
|
98,664
|
|
$
|
81,531
|
|
$
|
64,357
|
|
|
Stock compensation expense
|
|
|
11,559
|
|
|
10,212
|
|
|
8,841
|
|
|
Accounts receivable allowances
|
|
|
1,745
|
|
|
1,444
|
|
|
1,613
|
|
|
Accrued and prepaid expenses
|
|
|
6,276
|
|
|
3,958
|
|
|
7,917
|
|
|
Long-term debt
|
|
|
493
|
|
|
300
|
|
|
290
|
|
|
Other
|
|
|
1,399
|
|
|
658
|
|
|
373
|
|
|
Tax credits
|
|
|
6,394
|
|
|
5,896
|
|
|
5,146
|
|
|
Valuation allowance
|
|
|
(61,012)
|
|
|
(1,442)
|
|
|
(2,319)
|
|
|
Total deferred income tax assets
|
|
$
|
65,518
|
|
$
|
102,557
|
|
$
|
86,218
|
|
|
Deferred income tax liabilities related to:
|
|
|
|
|
|
|
|
|
|
|
|
Property, equipment and leased assets
|
|
$
|
13,216
|
|
$
|
18,274
|
|
$
|
23,785
|
|
|
Intangibles
|
|
|
106,307
|
|
|
108,727
|
|
|
109,103
|
|
|
Other
|
|
|
3,606
|
|
|
3,200
|
|
|
1,072
|
|
|
Total deferred income tax liabilities
|
|
$
|
123,129
|
|
$
|
130,201
|
|
$
|
133,960
|
|
|
Deferred income taxes, net
|
|
$
|
(57,611)
|
|
$
|
(27,644)
|
|
$
|
(47,742)
|
|
|
Schedule of unrecognized tax benefits |
The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
|
|
|
2016
|
|
2015
|
|
2014
|
|
|
Unrecognized tax benefit
|
|
|
|
|
|
|
|
|
|
|
|
Unrecognized tax benefit at the beginning of the period
|
|
$
|
729
|
|
$
|
729
|
|
$
|
—
|
|
|
Gross increases - tax positions in prior period
|
|
|
105
|
|
|
—
|
|
|
—
|
|
|
Gross decreases - tax positions in prior period
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Gross increases - tax positions in current period
|
|
|
—
|
|
|
—
|
|
|
729
|
|
|
Settlements
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Unrecognized tax benefit at the end of the period
|
|
$
|
834
|
|
$
|
729
|
|
$
|
729
|
|
|