XML 27 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Taxes
3 Months Ended
Mar. 31, 2017
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
The Company’s effective tax rate is 0% and (7)% for the three-month periods ended March 31, 2017 and 2016, respectively. The Company's effective tax rate differs from the statutory federal tax rate of 34% for the three-month period ended March 31, 2017 primarily due to a full valuation allowance recorded on our United States, China and Italy deferred tax assets since we cannot anticipate when or if we will have sufficient taxable income to utilize the deferred tax assets in the future. Further, our effective tax rate differs from the statutory federal tax rate due to state taxes, differences between U.S. and foreign tax rates, foreign losses incurred with no related tax benefit, non-deductible commissions, and non-deductible meals and entertainment expenses for the three-month periods ended March 31, 2017 and 2016, respectively.
Fuel Tech had no unrecognized tax benefits as of March 31, 2017 and December 31, 2016.