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Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2015
Schedule of Net Operating Losses

The Company has generated net operating losses in the U.S. (“NOLs”). The following table summarizes the activity for NOLs for the six months ended June 30, 2015:

 

December 31, 2014

    $ (109,839 ) 

U.S. GAAP pretax income

      65,548   

State income taxes

      (506 ) 

Income tax differences:

   

Temporary

      2,583   

Permanent

      (58,207 ) 
  

 

 

  

June 30, 2015

    $ (100,421 ) 
  

 

 
Summary of Gross and Tax Affected Deferred Tax Asset Recorded

A summary of the components of the gross and tax affected deferred tax asset as of June 30, 2015 is as follows:

 

Stock-based compensation

    $ 9,124   

Deferred rent liability

      5,557   

NOLs

      4,720   

Accrued expenses

      20,645   

Incentive compensation

      (8,884 ) 

Fixed assets

      (5,119 ) 

Other

      217   
  

 

 

  

Total deferred components

      26,260   

Income tax rate

      38.38 % 
  

 

 

  

Tax affected

    $ 10,079   
  

 

 

  
Foreign Subsidiaries [Member]  
Schedule of Net Operating Losses

The following table summarizes the activity for NOLs for the six months ended June 30, 2015:

 

December 31, 2014

    $ (4,061 ) 

Foreign subsidiaries loss

      (3,095 ) 
  

 

 

  

June 30, 2015

    $ (7,156 )