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Income Taxes (Tables)

9 Months Ended

Sep. 30, 2016

Summary of Gross and Tax Effected Deferred Tax Asset Recorded

A summary of the components of the gross and tax effected deferred tax asset as of September 30, 2016 is as follows:

Stock-based compensation		$	11,793
Deferred rent liability			5,318
NOL – U.S.			4,195
Accrued expenses			6,040
Incentive compensation			(4,442	)
Fixed assets			(5,865	)
Other			(539	)
Total U.S. deferred components			16,500
U.S. income tax rate			38.4	%
U.S. tax effected			6,336
Japan tax effected			326
Total tax effected		$	6,662

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 nine months ended September 30, 2016:

NOL - December 31, 2015 (pre-tax)		$	(10,746	)
Foreign subsidiaries loss			(7,800	)
NOL - September 30, 2016 (pre-tax)			(18,546	)
Tax Rate - Blended			19.0	%
NOL (tax effected) - September 30, 2016		$	(3,524	)

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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=65882285&loc=d3e32537-109319

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- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32559-109319

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