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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes
Our provision for income taxes consists of the following (in thousands):
 
Year Ended December 31,
 
2017
 
2016
 
2015
Current:
 
 
 
 
 
State
$
500

 
$
745

 
$
270

Federal
—

 
—

 
513

Foreign
—

 
—

 
2,336

 
500

 
745

 
3,119

 
 
 
 
 
 
Deferred:
 
 
 
 
 
Foreign
—

 
—

 
(755
)
 
—

 
—

 
(755
)
 
 
 
 
 
 
Income tax expense
$
500

 
$
745

 
$
2,364
Schedule of Reconciliation of Effective Tax Rate and the U.S. Federal Statutory Income Tax Rate
A reconciliation of our effective tax rate and the U.S. Federal statutory income tax rate is as follows:
 
Year Ended December 31,
 
2017
 
2016
 
2015
Taxes at statutory U.S. federal income tax rate
35.00
 %
 
35.00
 %
 
35.00
 %
Dividends paid deduction and net operating loss utilization
(35.00
)%
 
(35.00
)%
 
(35.00
)%
Federal taxes on built-in gain
—
 %
 
—
 %
 
0.50
 %
State, local, and foreign income taxes
1.66
 %
 
0.32
 %
 
1.81
 %
Effective tax rate
1.66
 %
 
0.32
 %
 
2.31
 %