Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes

Schedule of components of provision for income taxes

	For the Year Ended
	December 31,
	2014		2013			2012
Current—Federal	$	5	$	539	$	1,274
State		1,647		1,371		1,488
Foreign		150		65		(134)
		1,802		1,975		2,628
Deferred—Federal		-		(6,132)		(535)
State		-		(910)		(80)
Foreign		143		(27)		(401)
		143		(7,069)		(1,016)
	$	1,945	$	(5,094)	$	1,612

Schedule of reconciliation of effective tax rate and the U.S. Federal statutory income tax rate

	For the Year Ended
	December 31,
	2014	2013	2012
Taxes at statutory U.S. federal income tax rate	35.0%	35.0%	35.0%
Nontaxable income of HPT	(35.0%)	(35.0%)	(35.0%)
State and local income taxes, net of federal tax benefit	1.0%	1.1%	1.0%
Foreign taxes	0.1%	0.1%	(0.3%)
Organizational structure change	0.0%	(5.8%)	0.0%
Change in valuation allowance	4.0%	14.4%	7.1%
Other differences, net	(3.9%)	(14.3%)	(6.8%)
Effective tax rate	1.2%	(4.2%)	1.0%

Schedule of significant components of deferred tax assets and liabilities

	For the Year Ended
	December 31,
	2014		2013
Deferred tax assets:
Tax credits	$	12,091	$	12,091
Tax loss carryforwards		123,804		115,209
Other		3,248		3,842
		139,143		131,142
Valuation allowance		(138,537)		(130,346)
		606		796
Deferred tax liabilities:
Hotel basis difference		(9,122)		(9,142)
		(9,122)		(9,142)
Net deferred tax liabilities	$	(8,516)	$	(8,346)