XML 53 R15.htm IDEA: XBRL DOCUMENT v2.4.1.9
Income Taxes
 3 Months Ended
Mar. 31, 2015
Income Taxes [Abstract]  
Income Taxes
8. Income Taxes

 

The Company had $2.6 million of unrecognized tax benefits at March 31, 2015, all of which resulted from tax positions taken prior to the year ended December 31, 2014. As of March 31, 2014, a liability of $1.9 million for uncertain tax positions taken during the year ended December 31, 2013, is included in income taxes payable in the unaudited condensed consolidated balance sheets.

 

As of December 31, 2014 and March 31, 2015, the Company’s liabilities for unrecognized tax benefits are included in income taxes payable in the unaudited condensed consolidated balance sheets. Interest and penalties, including those related to uncertain tax positions, are included in the provision for income taxes in the unaudited condensed consolidated statements of income. The Company recognized $0.1 million of benefits in the year ended December 31, 2014 and $10,000 of expense in the three months ended March 31, 2015, related to interest and penalties. As of March 31, 2015, the amount of accrued interest related to uncertain tax positions was not material.

It is reasonably possible that approximately $0.4 million of unrecognized tax benefits will be reduced in the next twelve months due to expiration of the applicable statutes of limitations. The Company does not anticipate significant changes to other unrecognized tax benefits.

 

As of March 31, 2015, $0.3 million of the Company’s total unrecognized tax benefits would favorably affect the Company’s effective tax rate if recognized. If amounts accrued are less than amounts ultimately assessed by taxing authorities, the Company would record additional income tax expense.