Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) consisted of the following (in thousands):



	Year Ended December 31,
	2015			2014			2013
Current:
U.S.—Federal	$	—		$	—		$	—
U.S.—State	—			(264		)	(179		)
Foreign	(299		)	(80		)	—
Deferred:
U.S.—Federal	(14,685		)	(14		)	(14		)
U.S.—State	(1,804		)	(177		)	193
Foreign	—			80			—
Total	$	(16,788	)	$	(455	)	$	—

Schedule of Effective Income Tax Rate Reconciliation

Income tax expense was different from the amounts computed by applying U.S. Federal income tax rate of 35% to pretax income as a result of the following:



	Year Ended December 31,
	2015		2014		2013
Federal statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	3.2	%	1.3	%	(0.1	)%
Expiration of capital loss carryover	(25.5	)%	—	%	—	%
Change in valuation allowance	25.3	%	(38.8	)%	(23.1	)%
Permanent items	(7.6	)%	3.6	%	(3.7	)%
Provision to return adjustments	(0.8	)%	(0.1	)%	(8.1	)%
Actual income tax rate	29.6	%	1.0	%	—	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) are comprised of the following (in thousands):



	December 31,
	2015			2014
Deferred tax assets:
Net operating loss	$	522,541		$	528,782
State deferred tax assets	9,160			7,885
Capital loss carryforwards	12,193			26,141
Property and equipment	27,372			31,116
Investment in Laramie Energy	42,986			31,334
Contingent consideration	9,653			3,196
Other	9,234			6,112
Total deferred tax assets	633,139			634,566
Valuation allowance	(621,220		)	(631,599		)
Net deferred tax assets	11,919			2,967
Deferred tax liabilities:
Property and equipment	$	—		$	—
Intangible assets	9,834			1,677
Other	2,023			1,272
State liabilities	62			57
Total deferred tax liabilities	11,919			3,006
Total deferred tax liability, net	$	—		$	(39	)