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11. INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Provision for income taxes
   Years Ended December 31, 
   2015   2014   2013 
Current provision (benefit)  $(8,011)  $11,040   $ 
Deferred provision (benefit)   (2,023)   4,097     
Total  $(10,034)  $15,137   $ 
Schedule of Effective Income Tax Rate Reconciliation
   Years Ended December 31, 
   2015   2014   2013 
Statutory rate   35.0%    35.0%    35.0% 
State income taxes, net of federal benefit   9.2    10.0    (8.2)
Change in valuation allowance   (4.2)   (11.5)   458.0 
Fair value adjustments and warrant inducements   2.0    31.8     
Domestic production gross receipts deduction   (2.9)   (2.0)    
Section 382 reduction to loss carryover   0.1    (24.2)   (141.1)
Stock compensation   (0.8)       (20.9)
Non-deductible items   (0.5)   0.6    (27.7)
Change in tax status of PE Op Co.       (1.6)    
Convertible debt instruments           (297.7)
Other   (3.2)   (1.3)   2.6 
Effective rate   34.7%    36.8%    0.0% 
Components of deferred income taxes
   December 31, 
   2015   2014 
Deferred tax assets:          
Net operating loss carryforwards  $53,867   $12,385 
Railcar contracts   5,143     
Pension liability   2,647     
R&D and AMT credits   2,303     
Litigation accrual   1,290     
Capital leases   1,021     
Stock-based compensation   724    781 
Other   5,367    1,944 
Total deferred tax assets   72,362    15,110 
           
Deferred tax liabilities:          
Fixed assets   (30,272)   (24,813)
Intangibles   (1,091)   (1,134)
Debt basis   (912)    
Other   (1,423)   (450)
Total deferred tax liabilities   (33,698)   (26,397)
           
Valuation allowance   (39,838)   (4,147)
Net deferred tax liabilities  $(1,174)  $(15,434)
           
Classified in balance sheet as:          
Deferred tax liabilities  $(1,174)  $(15,434)
Net operating loss carryforwards

Tax Years  Federal    State 
2016–2020  $   $21,344 
2021–2025   7,258    1,412 
2026–2030   13,624    33,635 
2031–2035   116,729    67,071 
   $137,611   $123,462 

 

Certain of these net operating losses are not immediately available, but become available to be utilized in each of the years ended December 31, as follows (in thousands):

 

Year   Federal   State 
 2016   $26,820   $32,504 
 2017    10,862    6,748 
 2018    10,862    6,748 
 2019    6,383    6,277 
 2020    5,282    6,169 
 Thereafter    77,402    65,016 
     $137,611   $123,462 

Federal Income Tax Note
Jurisdiction Tax Years
Federal 2012 – 2014
Arizona 2012 – 2014
California 2011 – 2014
Colorado 2011 – 2014
Idaho 2012 – 2014
Illinois 2012 – 2014
Indiana 2012 – 2014
Iowa 2014
Kansas 2014
Minnesota 2014
Missouri 2014
Nebraska 2012 – 2014
Oklahoma 2014
Oregon 2012 – 2014