Income taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Provision/benefit for income taxes

The provision for income taxes consist of the following for 2013, 2012, and 2011:

(in thousands)	2013			2012			2011
Current Income Tax (Expense) Benefit
Federal	$	—		$	—		$	—
State and local	53			(107		)	29
Foreign	(160		)	(252		)	(262		)
Total current income tax expense	(107		)	(359		)	(233		)
Deferred Income Tax Benefit / (Expense)
Federal	20			(1,061		)	(1,149		)
State and local	3			(182		)	(198		)
Total deferred income tax benefit / (expense)	23			(1,243		)	(1,347		)
Income tax provision	$	(84	)	$	(1,602	)	$	(1,580	)

Reconciliation of the federal income tax provision

A reconciliation of the federal income tax provision at the statutory rate to the effective rate for 2013, 2012, and 2011 is as follows:

(in thousands)	2013			2012			2011
Computed tax benefit at the federal statutory rate of 35%	$	591		$	19,069		$	4,879
State income taxes, net of federal benefit	(19		)	(57		)	(50		)
Non-deductible compensation	(91		)	(537		)	(30		)
Non-deductible expense	(113		)	(131		)	(132		)
Non-deductible goodwill impairment	1,257			(15,490		)	—
Tax on foreign income	(104		)	(252		)	(262		)
Valuation allowance	(1,686		)	(4,186		)	(6,090		)
Other	81			(18		)	105
Income tax provision	$	(84	)	$	(1,602	)	$	(1,580	)
Effective tax rate	5.0		%	2.9		%	11.3		%

Significant components of the Company's deferred tax assets and liabilities

Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2013 and 2012 were as follows:

(in thousands)	2013			2012
Deferred Tax Assets
Provision for doubtful accounts	$	614		$	1,020
Accrued rent	1,572			1,748
Reserve for newsstand returns	100			139
Accrued compensation	4,854			10,464
Deferred revenue	1,582			1,165
NOL/credit carryforwards	62,766			59,868
Depreciation	5,374			6,071
Amortization of intangible assets	6,054			7,756
Other	208			242
Total deferred tax assets	83,124			88,473
Deferred Tax Liabilities
Prepaid expenses	(585		)	(293		)
Amortization of intangible assets	(7,094		)	(7,117		)
Total deferred tax liabilities	(7,679		)	(7,410		)
Valuation allowance	(82,539		)	(88,180		)
Net Deferred Tax Liability	$	(7,094	)	$	(7,117	)

Reconciliation of the Company's total gross unrecognized tax benefits

(in thousands)	2013			2012
Gross balance at January 1	$	50		$	50
Additions based on tax positions related to the current year	—			—
Additions for tax positions of prior years	—			—
Reductions for tax positions of prior years	—			—
Settlements	(9		)	—
Reductions due to lapse of applicable statute of limitations	—			—
Gross balance at December 31	41			50
Interest and penalties	22			22
Balance including interest and penalties at December 31	$	63		$	72