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Income Taxes (Tables)
6 Months Ended
Jun. 30, 2019
Income Tax Disclosure [Abstract]  
Summary of Reconciliation of Gross Unrecognized Tax Benefits
A reconciliation of Valley’s gross unrecognized tax benefits at June 30, 2019 and 2018 are presented in the table below:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
Beginning balance
$
12,100

 
$
4,238

 
$

 
$
4,238

Additions based on tax positions related to current year
223

 

 
12,323

 

Ending balance
$
12,323

 
$
4,238

 
$
12,323

 
$
4,238