Income Taxes (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine months ended September 30,
	2016		2015		2016		2015
U.S. federal statutory tax rate	(35.0	)%	35.0	%	(35.0	)%	(35.0	)%
State income taxes, net of federal benefit	3.8		5.7		(0.7	)	1.8
Non-U.S. income taxed at different rates	(12.6	)	(29.1	)	(1.2	)	(4.2	)
Non-deductible expenses	—		0.2		—		2.4
Domestic production activities deduction	—		3.6		—		—
Other	(0.8	)	1.4		0.9		0.1
Effective income tax rate	(44.6	)%	16.8	%	(36.0	)%	(34.9	)%

Schedule of deferred tax assets and liabilities

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

	September 30, 2016			December 31, 2015
Current deferred tax assets	$	2,352		$	2,649
Non-current deferred tax assets	—			17,229
Non-current deferred tax liabilities	(1,205		)	(23,823		)
Net deferred tax assets (liabilities)	$	1,147		$	(3,945	)