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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2014
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The actual tax provision differed from that computed at the federal statutory corporate rate as follows (amounts in thousands):
| December 31, 2014 |  | Period from October 7, 2013 through December 31, 2013
Federal tax (expense) benefit at 34% statutory rate | $ | (3,576 | ) |  | $ | 844 |
State income taxes, net of federal benefit | (1,079 | ) |  | 281 |
Income tax (expense) benefit | $ | (4,655 | ) |  | $ | 1,125 |
TRS Holdings and Observatory TRS are taxable entities and their consolidated provision for income taxes consisted of the following for the year ended December 31, 2014 and the period October 7, 2013 through December 31, 2013 (amounts in thousands):
| December 31, 2014 |  | Period from October 7, 2013 through December 31, 2013
Current: |  |  |
Federal | $ | (3,253 | ) |  | $ | 844 |
State and local | (1,792 | ) |  | 281 |
Total current | (5,045 | ) |  | 1,125 |
Deferred: |  |  |
Federal | 247 |  |  | — |
State and local | 143 |  |  | — |
Total deferred | 390 |  |  | — |
Income tax (expense) benefit | $ | (4,655 | ) |  | $ | 1,125 |
Schedule of Deferred Tax Assets and Liabilities | The income tax effects of temporary differences that give rise to deferred tax assets are presented below (amounts in thousands):
| 2014 |  | Period from October 7, 2013 through December 31, 2013
Deferred tax assets: |  |  |
Deferred revenue on unredeemed observatory admission ticket sales | $ | 390 |  |  | $ | — |
Loss carryforwards | — |  |  | 1,125 |
Total deferred tax assets | 390 |  |  | 1,125 |
Deferred tax liabilities: |  |  |
Total deferred tax liabilities | — |  |  | — |
Total | $ | 390 |  |  | $ | 1,125 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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