Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of components of income tax expense (benefit)

The following table presents the components of our consolidated income tax (benefit) expense for the years ended December 31, 2018, 2017 and 2016:



	Current			Deferred			Total
Year ended December 31, 2018
U.S. Federal	$	(12	)	$	(12,664	)	$	(12,676	)
State and local	183			$	(471	)	$	(288	)
Foreign	731			—			731
	$	902		$	(13,135	)	$	(12,233	)
Year ended December 31, 2017
U.S. Federal ^(a)	$	(780	)	$	(3,986	)	$	(4,766	)
State and local	550			(180		)	370
Foreign	(145		)	—			(145		)
	$	(375	)	$	(4,166	)	$	(4,541	)
Year ended December 31, 2016
U.S. Federal	$	35		$	(1,093	)	$	(1,058	)
State and local	511			1,519			2,030
Foreign	284			325			609
	$	830		$	751		$	1,581

(a) Includes a $5.9 million net benefit recorded in the fourth quarter of 2017 resulting from the enactment of the Act on December 22, 2017.

Schedule of effective income tax reconciliation

The Company’s income tax provision reconciles to the provision at the statutory U.S. federal income tax rate for each year ended December 31, as follows:



	2018			2017			2016
Statutory amount (computed at 21% in 2018 and 35% in 2017 and 2016)	$	(22,398	)	$	(1,449	)	$	(714	)
Re-measurement of deferred tax assets ^(a)	—			(7,451		)	—
Valuation allowance on foreign tax credits ^(a)	593			1,514			—
State income tax, net of federal benefit	(1,922		)	168			94
Permanent differences, other	1,550			505			99
Permanent differences, incentive stock options	(24		)	447			224
Valuation allowance, other	10,384			(77		)	1,769
Uncertain tax provision	—			1,614			—
Other	(416		)	188			109
Consolidated income tax provision	$	(12,233	)	$	(4,541	)	$	1,581
Consolidated effective tax rate	11.5		%	109.7		%	(77.5		)%

Schedule of deferred tax assets and liabilities

The Company’s deferred tax assets and liabilities are as follows:



	Long Term
	As of December 31,
	2018			2017
Assets related to:
Accrued liabilities	$	1,105		$	1,226
Intangible assets	3,054			3,010
Net operating loss carryforward	15,970			6,912
Valuation allowance	(14,326		)	(3,942		)
Non-qualified stock options	672			762
Foreign tax credits	1,489			1,751
Valuation allowance on foreign tax credits	(1,489		)	(1,514		)
Goodwill	8,200			—
Other	2,684			215
Total assets	17,359			8,420
Liabilities related to:
Depreciation and amortization	(16,974		)	(15,788		)
Goodwill	—			(5,178		)
Deferred revenue on maintenance contracts	(434		)	(597		)
Other	—			(100		)
Total liabilities	(17,408		)	(21,663		)
Net deferred (liabilities) assets	$	(49	)	$	(13,243	)

Schedule of net deferred tax assets and liabilities as reported in the balance sheet

As reported in the Consolidated Balance Sheets:



	December 31, 2018			December 31, 2017
Net current deferred tax assets	—			—
Net non-current deferred tax liabilities	(49		)	(13,243		)
Total net deferred tax liabilities:	$	(49	)	$	(13,243	)

Schedule of unrecognized tax benefits



	2018		2017
Balances at beginning of the year	$	1,614	$	—
Additions based on tax position related to current year	—		—
Additions based on tax positions related to prior years	—		1,614
Reductions based on tax positions related to current year	—		—
Reductions based on tax positions related to prior years	—		—
Settlements with tax authorities	—		—
Lapse of statute of limitations	—		—
Balance at the end of year	$	1,614	$	1,614