XML 25 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income taxes
6 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
Income taxes
Income taxes
We recorded an income tax benefit for the three and six months ended June 30, 2016 of $319 and $2,389, respectively, which primarily consisted of foreign income taxes. Our U.S. and certain foreign deferred tax assets, net of deferred tax liabilities, are subject to a valuation allowance.
We recorded income tax expense for the three and six months ended June 30, 2015 of $5,065 and $14,366, respectively which primarily consisted of foreign and state income taxes.
Our income tax benefit or expense is based on an annual effective tax rate forecast, including estimates and assumptions that could change during the year. The application of the requirements for accounting for income taxes in interim periods, after consideration of our valuation allowance, causes a significant variation in the typical relationship between income tax expense and pretax accounting income.
As of June 30, 2016, all of Century's U.S. and certain foreign deferred tax assets, net of deferred tax liabilities, continue to be subject to a valuation allowance.