Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.3.1.900
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of loss before income taxes, domestic and foreign
Our loss before provision for income taxes was as follows (in thousands): 
 
Years Ended December 31,
 
2015
 
2014
 
2013
United States
$
(7,641
)
 
$
(20,980
)
 
$
(41,696
)
Foreign
(278
)
 
1,653

 
306

Loss before provision for income taxes
$
(7,919
)
 
$
(19,327
)
 
$
(41,390
)
Components of provision for income taxes
The components of the provision for income taxes are as follows (in thousands): 
 
Years Ended December 31,
 
2015
 
2014
 
2013
Current provision (benefit):
 
 
 
 
 
Federal
$

 
$

 
$

State
5

 
5

 
5

Foreign
(13
)
 
(371
)
 
(45
)
Total current provision (benefit)
(8
)
 
(366
)
 
(40
)
Deferred provision (benefit):
 
 
 
 
 
Federal
(293
)
 

 
(59
)
State
(21
)
 

 
(7
)
Foreign
(16
)
 
110

 
19

Total deferred provision (benefit)
(330
)
 
110

 
(47
)
Total provision for income taxes
$
(338
)
 
$
(256
)
 
$
(87
)
Reconciliation of provision for income taxes calculated at the statutory rate to provision for income taxes
Reconciliation of the provision for income taxes calculated at the statutory rate to our provision for (benefit from) income taxes is as follows (in thousands): 
 
Years Ended December 31,
 
2015
 
2014
 
2013
Tax benefit at federal statutory rate
$
(2,693
)
 
$
(6,571
)
 
$
(14,073
)
State taxes
1,126

 
249

 
(1,948
)
Research and development credits
(85
)
 
(57
)
 
(195
)
Foreign operations taxed at different rates
31

 
447

 
(108
)
Stock-based compensation
77

 
(2
)
 
117

Other nondeductible items
(43
)
 
(364
)
 
(1,272
)
Change in valuation allowance
1,249

 
6,042

 
17,392

Provision for income taxes
$
(338
)
 
$
(256
)
 
$
(87
)
Significant components of our deferred tax assets and liabilities
Significant components of our deferred tax assets and liabilities are as follows (in thousands): 
 
December 31,
 
2015
 
2014
Deferred tax assets:
 
 
 
Net operating losses
$
70,005

 
$
70,666

Federal and state credits
4,671

 
4,421

Deferred revenues
3,357

 
2,697

Stock-based compensation
3,460

 
2,988

Reserves and accruals
2,713

 
2,701

Depreciation
2,377

 
2,295

Intangible assets
5,127

 
4,639

Capital losses
933

 
933

Unrealized gain/loss
126

 
148

Other assets
98

 
101

Total deferred tax assets:
92,867

 
91,589

Deferred tax liabilities:
 
 
 
Other
(199
)
 
(186
)
Total deferred tax liabilities:
(199
)
 
(186
)
Valuation allowance
(92,762
)
 
(91,513
)
Net deferred tax liabilities
$
(94
)
 
$
(110
)
Summary of federal, state and foreign NOL carryforwards and federal research and development tax credits
The following table sets forth the Company’s federal, state and foreign NOL carryforwards and federal research and development tax credits as of December 31, 2015 (in thousands): 
 
December 31, 2015
 
Amount
 
Expiration
Years
Net operating losses, federal
$
201,670

 
 2022-2035
Net operating losses, state
127,025

 
 2016-2035
Tax credits, federal
5,421

 
 2022-2035
Tax credits, state
6,492

 
 Do not expire
Net operating losses, foreign
3,259

 
 Various
Tax credits, foreign
10

 
 Various
Reconciliation of the beginning and ending amount of unrecognized tax benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): 
 
December 31,
 
2015
 
2014
 
2013
Balance at beginning of year
$
7,838

 
$
8,306

 
$
7,429

Additions based on tax positions related to current year
368

 
346

 
1,116

Additions to tax provision of prior years

 

 
6

Reductions to tax provision of prior years
(54
)
 
(814
)
 
(87
)
Lapse of the applicable statute of limitations

 

 
(158
)
Balance at end of year
$
8,152

 
$
7,838

 
$
8,306