INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

INCOME TAXES

Schedule of (benefit from) provision for income taxes

        The (benefit from) income taxes consists of the following (in thousands):

	2015			2014			2013
Current:
Federal	$	(1,679	)	$	(2,853	)	$	60,874
State		160			11			3,593
Foreign		—			—			3
		(1,519	)		(2,842	)		64,470
Deferred:
Federal	$	(39,459	)	$	80,293		$	(97,690	)
State		(6,521	)		3,895			(5,513	)
Foreign		—			—			—
		(45,980	)		84,188			(103,203	)
Total (benefit) provision for income taxes	$	(47,499	)	$	81,346		$	(38,733	)

Schedule of reconciliation of income taxes at the statutory federal income tax rate to the actual tax rate

        A reconciliation of income taxes at the statutory federal income tax rate to the actual tax rate included in the statements of operations is as follows (in thousands):

	2015			2014		2013
Tax at federal statutory rate	$	(43,133	)	$	74,588	$	1,603
State tax, net of federal benefit		(2,615	)		3,903		(3,177	)
Foreign tax		—			—		3
Research credit		(438	)		—		(258	)
Net operating losses not benefited (benefited)		—			—		(17,510	)
Stock based compensation		848			366		923
Non-deductible meals and entertainment		729			440		442
Non-deductible other expense		846			2,049		(133	)
Change in valuation allowance		(3,736	)		0		(20,626	)
Total	$	(47,499	)	$	81,346	$	(38,733	)

Schedule of significant components of the Company's deferred tax assets

Significant components of the Company's deferred tax assets are as follows (in thousands):

	2015			2014
Deferred tax assets:
Net Operating Losses		6,414		$	5,390
Tax Credit Carryforwards		753			80
In-Process Research & Development		253			330
Intangibles		34,802			3,282
Stock-based compensation		3,312			1,843
Reserves and other accruals not currently deductible		15,016			12,337
Total deferred tax assets		60,550			23,262
Valuation allowance for deferred tax assets		(574	)		(4,310	)
		59,976			18,952
Deferred tax liabilities
Convertible Debt		(36,985	)		(41,940	)
Net deferred tax asset (liability)	$	22,991		$	(22,988	)

Summary of the activity related to the entity's unrecognized tax benefits

        The following table summarizes the activity related to our unrecognized tax benefits for the two years ended December 31, 2015 (in thousands):

Unrecognized tax benefits—January 1, 2014	$	3,879
Gross increases—current year tax positions		27
Gross increases—prior year tax positions		1,273
Unrecognized tax benefits—December 31, 2014	$	5,179
Gross increases—current year tax positions		454
Gross increases—prior year tax positions		53
Unrecognized tax benefits—December 31, 2015	$	5,686