Income Taxes (Tables)

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Reconciliation of effective tax rate to the U.S. federal statutory tax rate

A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate is as follows:

	Three months ended March 31,
	2016		2015
U.S. federal statutory tax rate	(35.0	)%	(35.0	)%
State income taxes, net of federal benefit	(1.2	)	(5.4	)
Non-U.S. income taxed at different rates	0.3		23.6
Non-deductible expenses	—		(5.4	)
Domestic production activities deduction	—		1.1
Other	0.6		—
Effective income tax rate	(35.3	)%	(21.1	)%

Schedule of deferred tax assets and liabilities

Deferred taxes are presented in the balance sheets as follows (in thousands):

	March 31, 2016			December 31, 2015
Current deferred tax assets	$	4,139		$	2,649
Non-current deferred tax assets	3			17,229
Non-current deferred tax liabilities	(1,755		)	(23,823		)
Net deferred tax assets (liabilities)	$	2,387		$	(3,945	)