| Income Tax Disclosure [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Income Tax Disclosure [Abstract] | |
Components of Pretax Income (Loss) from Continuing Operations |
The components of the pretax income (loss) from continuing operations for the years ended December 31, 2016, 2015 and 2014 are as follows (in thousands):
|
|
|
Year Ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
U.S. Domestic |
|
$ |
(29,898 |
) |
|
$ |
(88,614 |
) |
|
$ |
(3,821 |
) |
|
Foreign |
|
|
(1,037 |
) |
|
|
(83,785 |
) |
|
|
4,130 |
|
|
Pretax income (loss) from operations |
|
$ |
(30,935 |
) |
|
$ |
(172,399 |
) |
|
$ |
309 |
|
|
Components of (Benefit) Provision for Income Taxes from Continuing Operations |
The components of the (benefit) provision for income taxes from continuing operations are presented in the following table (in thousands):
|
|
|
Year Ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Current income tax (benefit) provision: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal |
|
$ |
(8 |
) |
|
$ |
221 |
|
|
$ |
— |
|
|
State |
|
|
72 |
|
|
|
149 |
|
|
|
145 |
|
|
Total current |
|
|
64 |
|
|
|
370 |
|
|
|
145 |
|
|
Deferred income tax (benefit) expense: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal |
|
|
(4,269 |
) |
|
|
(1,363 |
) |
|
|
238 |
|
|
State |
|
|
(429 |
) |
|
|
(153 |
) |
|
|
24 |
|
|
Total deferred |
|
|
(4,698 |
) |
|
|
(1,516 |
) |
|
|
262 |
|
|
Total income tax (benefit) provision |
|
$ |
(4,634 |
) |
|
$ |
(1,146 |
) |
|
$ |
407 |
|
|
Schedule of Effective Income Tax Rate Reconciliation |
The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to pretax income (loss) from continuing operations as a result of the following differences:
|
|
|
December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Federal statutory rate |
|
|
(35.0 |
)% |
|
|
(35.0 |
)% |
|
|
(35.0 |
)% |
|
Adjustments for tax effects of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
State taxes, net |
|
|
(1.7 |
)% |
|
|
(0.3 |
)% |
|
|
(3.9 |
)% |
|
Stock-based compensation |
|
|
2.3 |
% |
|
|
0.4 |
% |
|
|
(239.7 |
)% |
|
Foreign taxes |
|
|
0.1 |
% |
|
|
0.1 |
% |
|
|
(17.2 |
)% |
|
Tax credits |
|
|
— |
|
|
|
(0.1 |
)% |
|
|
123.3 |
% |
|
Deemed foreign dividend |
|
|
— |
|
|
|
0.1 |
% |
|
|
— |
|
|
Fair market value adjustments |
|
|
0.4 |
% |
|
|
(1.6 |
)% |
|
|
293.4 |
% |
|
Intercompany debt forgiveness and other permanent
adjustments |
|
|
0.3 |
% |
|
|
0.1 |
% |
|
|
(29.9 |
)% |
|
Goodwill impairment |
|
|
— |
|
|
|
30.5 |
% |
|
|
— |
|
|
Tax rate adjustment |
|
|
0.3 |
% |
|
|
0.3 |
% |
|
|
(16.3 |
)% |
|
Uncertain tax positions |
|
|
(0.1 |
)% |
|
|
— |
|
|
|
(54.0 |
)% |
|
Other |
|
|
0.9 |
% |
|
|
(4.3 |
)% |
|
|
913.2 |
% |
|
Valuation allowance |
|
|
17.5 |
% |
|
|
9.1 |
% |
|
|
(1,065.6 |
)% |
|
Effective income tax rate |
|
|
(15.0 |
)% |
|
|
(0.7 |
)% |
|
|
(131.7 |
)% |
|
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 are as follows (in thousands):
|
|
|
December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
Deferred tax assets: |
|
|
|
|
|
|
|
|
|
Allowances and reserves |
|
$ |
705 |
|
|
$ |
955 |
|
|
Accrued expenses |
|
|
1,452 |
|
|
|
2,331 |
|
|
Inventory reserves |
|
|
7,071 |
|
|
|
9,631 |
|
|
Net operating loss carryforwards |
|
|
37,444 |
|
|
|
43,427 |
|
|
Property and equipment |
|
|
2,730 |
|
|
|
2,420 |
|
|
Intangible asset |
|
|
3,291 |
|
|
|
— |
|
|
Stock-based compensation |
|
|
1,766 |
|
|
|
2,377 |
|
|
Legal settlement |
|
|
11,494 |
|
|
|
11,806 |
|
|
Goodwill |
|
|
3,029 |
|
|
|
3,362 |
|
|
Income tax credit carryforwards |
|
|
5,429 |
|
|
|
3,235 |
|
|
Total deferred tax assets |
|
|
74,411 |
|
|
|
79,544 |
|
|
Valuation allowance |
|
|
(58,202 |
) |
|
|
(63,612 |
) |
|
Total deferred tax assets, net of valuation allowance |
|
|
16,209 |
|
|
|
15,932 |
|
|
Deferred tax liabilities: |
|
|
|
|
|
|
|
|
|
Investment in foreign partnership |
|
|
16,215 |
|
|
|
15,467 |
|
|
Intangible assets |
|
|
— |
|
|
|
465 |
|
|
Total deferred tax liabilities |
|
|
16,215 |
|
|
|
15,932 |
|
|
Net deferred tax assets (liabilities) |
|
$ |
(6 |
) |
|
$ |
— |
|
|
Summary of Changes to Unrecognized Tax Benefits |
The following table summarizes the changes to unrecognized tax benefits for the years ended December 31, 2016, 2015 and 2014 (in thousands):
|
|
|
Year ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Unrecognized tax benefit at the beginning of the year |
|
|
10,359 |
|
|
|
8,861 |
|
|
|
7,835 |
|
|
Additions based on tax positions related to the
current year |
|
|
153 |
|
|
|
859 |
|
|
|
1,050 |
|
|
Additions based on tax positions related to the prior year |
|
|
57 |
|
|
|
1,144 |
|
|
|
391 |
|
|
Reductions as a result of lapse of applicable statute
of limitations |
|
|
(184 |
) |
|
|
(76 |
) |
|
|
(40 |
) |
|
Reductions as a result of foreign exchange rates and other |
|
|
(1,054 |
) |
|
|
(429 |
) |
|
|
(375 |
) |
|
Unrecognized tax benefits at the end of the year |
|
$ |
9,331 |
|
|
$ |
10,359 |
|
|
$ |
8,861 |
|
|