Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income tax expense (benefit) consisted of the following:

A reconciliation of the federal statutory tax rate to the effective tax rate is as follows:



	Successor						Predecessor
	Year Ended December 31, 2015		Year Ended December 31, 2014		December 17, 2013 through December 31, 2013		January 1, 2013 through December 16, 2013

Federal statutory rate	35	%	35	%	35	%	35	%
State, net of federal tax benefit	—		—		—		3
Income excluded from nontaxable entities	(35	)	(35	)	(35	)	—
Net impact to uncertain income tax positions	—		—		—		(2	)
Transaction costs	—		—		—		4
Other	—		—		—		1
Effective rate	—	%	—	%	—	%	41	%

Significant components of the deferred tax assets and liabilities are as follows:



	December 31, 2015		December 31, 2014
	(in thousands)
Deferred tax assets:
Net operating loss carryforwards	$	—	$	—
Other	—		—
	—		—
Deferred tax liabilities:
Property and equipment principally due to differences in depreciation	—		—
Other	1		69
	1		69
Net deferred tax liabilities	$	1	$	69

Changes in the balance of unrecognized tax benefits, excluding interest and penalties on uncertain tax positions, were as follows:



	Successor						Predecessor
	Year Ended December 31, 2015		Year Ended December 31, 2014		December 17, 2013 through December 31, 2013		January 1, 2013 through December 16, 2013
(in thousands)
Unrecognized tax benefits at beginning of period	$	—	$	—	$	—	$	22,553
Increases for positions taken in current year	—		—		—		50
Decreases for positions taken in a prior year	—		—		—		(635		)
Decreases for settlements with taxing authorities	—		—		—		—
Decreases for lapses in the applicable statute of limitations	—		—		—		(1,862		)
Unrecognized tax benefits at end of period	$	—	$	—	$	—	$	20,106