Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax benefit from continuing operations for 2015 and 2014 were as follows (dollars in thousands):



	For the Year Ended December 31,
	2015			2014
Current:
Federal	$	(13	)	$	(227	)
State and local	(15		)	3
Total current	(28		)	(224		)

Deferred:
Federal	—			(1,306		)
State and local	—			(192		)
Total deferred	—			(1,498		)
Total income tax benefit	$	(28	)	$	(1,722	)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the expected federal income tax expense using the federal statutory tax rate of 35% to the Company’s actual income tax benefit and resulting effective tax rate for 2015 and 2014 were as follows (dollars in thousands):



	For the Year Ended December 31,
	2015			2014
Income tax at statutory rate	$	(977	)	$	(1,270	)
State income taxes, net of federal tax benefit	(96		)	(226		)
Valuation allowance	2,519			(2,740		)
Change in state tax rate	—			(85		)
State tax credits	488			—
Adjustment to deferred tax asset	(1,965		)	162
Expiration of loss carryforward	—			3,007
Uncertain tax positions	(87		)	(504		)
Other	90			(66		)
Total income tax benefit	$	(28	)	$	(1,722	)

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2015 and 2014 were as follows (dollars in thousands):



	December 31, 2015			December 31, 2014
Deferred tax assets:
Basis difference – investments	$	18,043		$	20,049
Federal net operating loss carryforwards	239,003			227,519
State net operating loss carryforwards	20,168			16,922
Other	4,882			5,102
Gross deferred tax asset	282,096			269,592
Valuation allowance	(281,548		)	(268,592		)
Deferred tax asset	548			1,000
Deferred tax liabilities:
Other	548			1,000
Deferred tax liability	548			1,000
Net deferred tax asset	$	—		$	—

Schedule of Unrecognized Tax Benefits Roll Forward

The activity in the accrued liability for unrecognized tax benefits for the years ended December 31, 2015 and 2014 was as follows (dollars in thousands):



	For the Year Ended December 31,
	2015			2014
Beginning balance	$	475		$	731
Gross increases – tax positions in current period	19			300
Lapse of statute of limitations	(126		)	(556		)
Ending balance	$	368		$	475