Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Components of Income Tax Expenses (Benefit)

A summary of income tax expenses (benefit) follows:

	Year Ended
	December 31, 2016			December 31, 2015			December 28, 2014
	(In thousands)
Current:
Federal	$	—		$	247		$	—
State		—			—			—
		—			247			—
Deferred:
Federal	$	(4,091	)	$	(8,939	)	$	—
State		(234	)		(1,277	)		—
		(4,325	)		(10,216	)		—
Income tax benefit	$	(4,325	)	$	(9,969	)	$	—

Schedule of Effective Income Tax Rate Reconciliation

Reconciliation of the statutory federal income tax rate to the Company’s actual rate based on income (loss) before income tax benefit is summarized as follows:

	Year Ended
	December 31, 2016				December 31, 2015				December 28, 2014
Statutory federal tax rate		35.0		%		35.0		%		35.0		%
State income taxes, net of federal income taxes		2.0				6.9				—
State tax credit		(45.9	)			—				—
State rate adjustment		2.1				—				—
Permanent tax differences – Merger expenses		—				11.4				(0.1	)
Permanent tax differences – Investment in unconsolidated investee		—				9.8				—
Permanent tax differences – Other		2.4				1.4				—
Purchase price allocation adjustment – Merger		3.7				—				—
Change in valuation allowance		(34.8	)			(131.1	)			(34.9	)
FICA credit generated		(4.7	)			—				—
Other, net		4.1				(1.8	)			—
		(36.1	)	%		(68.4	)	%		—		%

Schedule of Deferred Tax Assets and Liabilities

The Company’s current and non-current deferred tax assets and (liabilities) are as follows:

	December 31, 2016			December 31, 2015
	(In thousands)
Current:
Accruals and reserves	$	1,144		$	1,326
Transaction costs		—			81
Prepaid services		(1,034	)		(897	)
Net operating loss carryforwards		—			9,917
	$	110		$	10,427
Non-current:
Development costs	$	5		$	2,885
Share-based compensation expense		2,366			1,550
Amortization of intangible assets		(20,024	)		(19,834	)
Depreciation of fixed assets		(925	)		—
Alternative minimum tax credit carryforward		1,468			1,420
General business credit carryforward		481			—
State tax credits		5,500			—
Net operating loss carryforwards		28,025			21,696
Other		1,065			2,978
		17,961			10,695
Valuation allowances		(18,109	)		(25,593	)
	$	(38	)	$	(4,471	)