Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Components of Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes included the following components:



(in thousands)	2015			2014			2013
Current:
Federal	$	268		$	—		$	—
State	(277		)	173			56
Total Current	(9		)	173			56

Deferred:
Federal	1,820			(957		)	—
State	163			(107		)	—
Total Deferred	1,983			(1,064		)	—
Provision (benefit) for income taxes	$	1,974		$	(891	)	$	56

Schedule of Reconciliation of Income Tax Benefit

The following table reconciles the income tax benefit included in the combined and consolidated statement of operations with income tax expense that would result from application of the statutory federal tax rate, 34%, to loss before income tax expense (benefit):



(in thousands)	2015			2014
Expected provision (benefit) at federal statutory rate	$	9,503		$	(1,753	)
Increase (decrease) resulting from:
Noncontrolling interest	(7,356		)	1,451
Corporate costs	—			(607		)
State income taxes, net of federal income tax effect	(222		)	69
Other	49			(51		)
Provision (benefit) for income taxes	$	1,974		$	(891	)

Schedule of Deferred Tax Assets

The components of the Company’s deferred tax assets as of December 31, 2015 and 2014 are as follows:



(in thousands)	2015			2014
Current deferred tax assets (liabilities):
Net operating loss carryforward	$	—		$	654
Derivative liabilities	(613		)	—
Intangibles	(240		)	—
Total current deferred tax assets (liabilities)	(853		)	654
Non-current deferred tax assets (liabilities):
Investment in Spark HoldCo	14,901			16,171
Benefit of TRA liability	7,876			7,817
Derivative liabilities	1			—
Property and equipment	(19		)	—
Intangibles	(1,158		)	—
Federal net operating loss carryforward	1,488			59
State net operating loss carryforward	290			—
Other	1			—
Total non-current deferred tax assets (liabilities)	23,380			24,047
Total deferred tax assets (liabilities)	$	22,527		$	24,701