Income Taxes	9 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	5. INCOME TAXES: The Company’s overall effective tax rate on pre-tax income was different than the statutory rate of 35% due primarily to valuation allowances. The Company has recorded a valuation allowance against all deferred tax assets as of September 30, 2017. Some or all of this valuation allowance may be reversed in future periods against future income. A tax benefit and corresponding tax receivable of approximately $6.9 million has been recorded for the quarter ended September 30, 2017 related to expected U.S. cash tax refunds. The reorganization of the Company is considered to have resulted in a change of control for U.S. Income Tax purposes under IRC Section 382. However, pursuant to the special rules under IRC Section 382(h), the Company’s U.S. tax attributes, including its Net Operating Loss (NOL), is not expected to be subject to significant limitations due to the change of control.

Income Taxes

9 Months Ended

Sep. 30, 2017

5. INCOME TAXES:

The Company’s overall effective tax rate on pre-tax income was different than the statutory rate of 35% due primarily to valuation allowances.

The Company has recorded a valuation allowance against all deferred tax assets as of September 30, 2017. Some or all of this valuation allowance may be reversed in future periods against future income. A tax benefit and corresponding tax receivable of approximately $6.9 million has been recorded for the quarter ended September 30, 2017 related to expected U.S. cash tax refunds.

The reorganization of the Company is considered to have resulted in a change of control for U.S. Income Tax purposes under IRC Section 382. However, pursuant to the special rules under IRC Section 382(h), the Company’s U.S. tax attributes, including its Net Operating Loss (NOL), is not expected to be subject to significant limitations due to the change of control.