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Income Taxes
 9 Months Ended
Sep. 30, 2015
Income Taxes [Abstract]  
Income Taxes
8. Income Taxes

 

The Company had $2.6 million of unrecognized tax benefits at September 30, 2015, all of which resulted from tax positions taken prior to the year ended December 31, 2014. As of September 30, 2015, the Company had a liability of $0.5 million for uncertain tax positions taken during the year ended December 31, 2013. The Company also recognized approximately $0.3 million of benefits in the nine months ended September 30, 2015. The Company also recorded approximately $0.1 million of expense in the nine months ended September 30, 2015, related to interest and penalties.

 

It is reasonably possible that approximately $0.3 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 September 30, 2015, approximately $0.4 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.