14. | Income Taxes |
Years Ended December 31, | |||||||||||
2017 | 2016 | 2015 | |||||||||
Current | |||||||||||
U.S. Federal income tax | $ | 120 | $ | 229 | $ | 162 | |||||
State and local income tax | 231 | 1,199 | 1,072 | ||||||||
Foreign income taxes | 2,614 | 293 | 435 | ||||||||
Total current income tax provision | 2,965 | 1,721 | 1,669 | ||||||||
Deferred | |||||||||||
U.S. Federal income tax | 3 | (9 | ) | 39 | |||||||
State and local income tax | (188 | ) | (388 | ) | (48 | ) | |||||
Foreign income taxes | 1,042 | 784 | 156 | ||||||||
Total deferred income tax provision | 857 | 387 | 147 | ||||||||
Total income tax provision | $ | 3,822 | $ | 2,108 | $ | 1,816 | |||||
Years Ended December 31, | |||||||||||
2017 | 2016 | 2015 | |||||||||
United States | $ | 18,517 | $ | 8,385 | $ | 77,993 | |||||
Foreign | 14,802 | 3,889 | 2,171 | ||||||||
Total income before income taxes | $ | 33,319 | $ | 12,274 | $ | 80,164 | |||||
Years Ended December 31, | |||||||||||
2017 | 2016 | 2015 | |||||||||
Statutory U.S. Federal income tax at 35% | $ | 11,661 | $ | 4,296 | $ | 28,058 | |||||
Partnership income not subject to tax | (6,360 | ) | (2,691 | ) | (27,076 | ) | |||||
State and local income taxes, net of federal tax | 46 | 787 | 1,003 | ||||||||
Foreign earnings taxed at lower rates | (1,525 | ) | (284 | ) | (169 | ) | |||||
Total income tax provision | $ | 3,822 | $ | 2,108 | $ | 1,816 | |||||
As of December 31, | |||||||
2017 | 2016 | ||||||
Deferred tax assets (liabilities) | |||||||
Depreciation and amortization | (18,065 | ) | (19,004 | ) | |||
Other differences, net | 908 | 3,996 | |||||
Valuation allowance | (466 | ) | (473 | ) | |||
Net deferred tax liabilities | $ | (17,623 | ) | $ | (15,481 | ) | |