Income taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Provision/benefit for income taxes

The benefit / (provision) for income taxes consist of the following for 2014, 2013, and 2012:

(in thousands)	2014			2013			2012
Current Income Tax (Expense) Benefit
Federal	$	—		$	—		$	—
State and local	(35		)	53			(107		)
Foreign	(94		)	(160		)	(252		)
Total current income tax expense	(129		)	(107		)	(359		)
Deferred Income Tax Benefit / (Expense)
Federal	2,596			20			(1,061		)
State and local	742			3			(182		)
Total deferred income tax benefit / (expense)	3,338			23			(1,243		)
Income tax benefit / (provision)	$	3,209		$	(84	)	$	(1,602	)

Reconciliation of the federal income tax provision

A reconciliation of the federal income tax benefit / (provision) at the statutory rate to the effective rate for 2014, 2013, and 2012 is as follows:

(in thousands)	2014			2013			2012
Computed tax benefit at the federal statutory rate of 35%	$	2,894		$	591		$	19,069
State income taxes, net of federal benefit	(52		)	(19		)	(57		)
Non-deductible compensation	(647		)	(91		)	(537		)
Non-deductible expense	(189		)	(113		)	(131		)
Non-deductible goodwill impairment	(323		)	1,257			(15,490		)
Tax on foreign income	(94		)	(104		)	(252		)
Valuation allowance	1,579			(1,686		)	(4,186		)
Other	41			81			(18		)
Income tax benefit / (provision)	$	3,209		$	(84	)	$	(1,602	)
Effective tax rate	(38.8		)%	5.0		%	2.9		%

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, 2014 and 2013 were as follows:

(in thousands)	2014			2013
Deferred Tax Assets
Provision for doubtful accounts	$	674		$	614
Accrued rent	1,308			1,572
Reserve for newsstand returns	168			100
Accrued compensation	3,173			4,854
Deferred revenue	7,741			1,582
NOL/credit carryforwards	46,712			56,567
Depreciation	4,875			5,374
Amortization of intangible assets	5,477			6,054
Other	597			208
Total deferred tax assets	70,725			76,925
Deferred Tax Liabilities
Prepaid expenses	(251		)	(585		)
Amortization of intangible assets	(3,755		)	(7,094		)
Total deferred tax liabilities	(4,006		)	(7,679		)
Valuation allowance	(70,474		)	(76,340		)
Net Deferred Tax Liability	$	(3,755	)	$	(7,094	)