Income Taxes (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Net Operating Losses for Tax Purposes

The Company has generated net operating losses for tax purposes (“NOLs”). The following table summarizes the activity for NOLs for the six months ended June 30, 2016:


December 31, 2015	$	(26,070	)
U.S. GAAP pretax income		37,534
State income taxes		(718	)
Impact of 382 limit		(3,324	)
Income tax differences:
Temporary		(21,937	)
Permanent		6,832

June 30, 2016	$	(7,683	)

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, 2016 is as follows:


Stock-based compensation	$	9,899
Deferred rent liability		5,366
NOLs		4,195
Accrued expenses		5,050
Incentive compensation		(5,330	)
Fixed assets		(5,865	)
Other		(104	)

Total U.S. deferred components		13,211
U.S. income tax rate		38.74	%

U.S. tax affected		5,118

Japan		238

Total tax affected	$	5,356

Foreign Subsidiaries [Member]

Schedule of Net Operating Losses for Tax Purposes

The Company’s foreign subsidiaries generated NOLs outside the U.S. The following table summarizes the activity for these NOLs for the six months ended June 30, 2016:


December 31, 2015	$	(10,746	)
Foreign subsidiaries loss		(4,994	)

June 30, 2016	$	(15,740	)