Income Taxes |
9 Months Ended | ||
|---|---|---|---|
Sep. 30, 2015 | |||
| Income Taxes |
The Company did not record any current or deferred U.S. federal income tax provision or benefit for the three and nine month periods ended September 30, 2015 because of its net operating loss carry forwards. The Company has recognized a full valuation allowance related to its net deferred tax assets, including substantial net operating loss carryforwards. In conjunction with the 2014 acquisitions, the Company recorded a net deferred tax liability of $5.5 million in its purchase price allocations (see Note 2). This liability was used to reduce the net deferred tax assets of the Company and, as a result, the Company reduced its existing valuation allowance by that amount, recognizing a credit to earnings of $5.5 million during 2014. |
| X | ||||||||||
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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