XML 51 R43.htm IDEA: XBRL DOCUMENT v2.4.1.9
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Income (Loss) Before Income Tax Provision
(Loss) income from continuing operations before income taxes consists of the following (in thousands):
 
Year ended December 31,
 
2014
 
2013
 
2012
United States
$
(15,515
)
 
$
(31,521
)
 
$
(27,068
)
International
(6,280
)
 
8,369

 
9,373

(Loss) income from continuing operations before income taxes
$
(21,795
)
 
$
(23,152
)
 
$
(17,695
)
Provision for Income Taxes
The components of the provision for (benefit from) income taxes consist of the following (in thousands):
 
Year ended December 31,
 
2014
 
2013
 
2012
Current:
 
 
 
 
 
Federal
$
(11,525
)
 
$
(38,243
)
 
$
857

State
8

 
93

 
212

International
1,619

 
1,988

 
1,193

Deferred:
 
 
 
 
 
Federal
25,722

 
(10,543
)
 
(2,053
)
State
8,249

 
3,023

 
(1,362
)
International
380

 
(1,059
)
 
(353
)
Total provision for (benefit from) income taxes
$
24,453

 
$
(44,741
)
 
$
(1,506
)
Reconciliation of Provision for Income Taxes
The differences between the provision for (benefit from) income taxes computed at the U.S. federal statutory rate at 35% and the Company’s actual provision for (benefit from) income taxes are as follows (in thousands):
 
Year ended December 31,
 
2014
 
2013
 
2012
Benefit from for income taxes at U.S. Federal statutory rate
$
(7,628
)
 
$
(8,103
)
 
$
(6,193
)
State taxes
5,368

 
2,940

 
(824
)
Differential in rates on foreign earnings
4,311

 
(1,396
)
 
(4,880
)
Non-deductible amortization expense
3,138

 
4,311

 
7,279

Change in valuation allowance
26,053

 
(996
)
 
(1,104
)
Change in liabilities for uncertain tax positions
(8,126
)
 
(35,742
)
 
1,495

Non-deductible stock-based compensation
1,665

 
981

 
1,974

Research and development tax credits
(841
)
 
(5,044
)
 
—

Non-deductible meals and entertainment
361

 
346

 
208

Adjustments related to tax positions taken during prior years
—

 
(1,154
)
 
619

Tax-exempt investment income
—

 
(304
)
 
(248
)
Other
152

 
(580
)
 
168

Total provision for (benefit from) income taxes
$
24,453

 
$
(44,741
)
 
$
(1,506
)
Components of Deferred Tax Assets and Liabilities
The components of net deferred tax assets included in the Consolidated Balance Sheets are as follows (in thousands):
 
December 31,
 
2014
 
2013
Deferred tax assets:
 
 
 
Reserves and accruals
$
21,048

 
$
29,235

Net operating loss carryovers
24,946

 
27,253

Research and development credit carryovers
26,404

 
18,391

Deferred stock-based compensation
6,727

 
7,554

Other tax credits
2,738

 
2,738

  Gross deferred tax assets
81,863

 
85,171

Valuation allowance
(75,199
)
 
(38,644
)
  Gross deferred tax assets after valuation allowance
6,664

 
46,527

Deferred tax liabilities:
 
 
 
Depreciation and amortization
(2,137
)
 
(3,590
)
Intangibles
(2,228
)
 
(6,227
)
Other
(589
)
 
(738
)
  Gross deferred tax liabilities
(4,954
)
 
(10,555
)
  Net deferred tax assets
$
1,710

 
$
35,972
Activities Related to Valuation Allowance
The following table summarizes the activity related to the Company's valuation allowance (in thousands):
 
Year ended December 31,
 
2014
 
2013
 
2012
Balance at beginning of period
$
38,644

 
$
34,347

 
$
28,354

Additions
39,556

 
6,364

 
5,993

Deductions
(3,001
)
 
(2,067
)
 
—

Balance at end of period
$
75,199

 
$
38,644

 
$
34,347
Activities Related to Gross Unrecognized Tax Benefits
The following table summarizes the activity related to the Company’s gross unrecognized tax benefits (in millions):
 
Year ended December 31,
 
2014
 
2013
 
2012
Balance at beginning of period
$
24.2

 
$
52.1

 
$
52.5

Increase in balance related to tax positions taken during current year
1.0

 
5.4

 
0.6

Decrease in balance as a result of a lapse of the applicable statues of limitations
(9.5
)
 
(1.3
)
 
(0.9
)
Decrease in balance due to settlement with tax authorities
—

 
(32.1
)
 
—

Increase in balance related to tax positions taken during prior years
—

 
0.1

 
—

Decrease in balance related to tax positions taken during prior years
—

 
—

 
(0.1
)
Balance at end of period
$
15.7

 
$
24.2

 
$
52.1