XML 74 R50.htm IDEA: XBRL DOCUMENT v3.8.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) consisted of the following (in thousands):

	Year Ended December 31,
	2017				2016				2015
Current:
U.S.—Federal	$	—			$	—			$	—
U.S.—State	2				23				—
Foreign	—				—				(299		)
Deferred:
U.S.—Federal	(1,321		)		(7,046		)		(14,685		)
U.S.—State	—				(889		)		(1,804		)
Foreign	—				—				—
Total	$	(1,319	)		$	(7,912	)		$	(16,788	)

Schedule of Effective Income Tax Rate Reconciliation

Income tax expense was different from the amounts computed by applying U.S. Federal income tax rate of 35% to pretax income as a result of the following:

	Year Ended December 31,
	2017			2016			2015
Federal statutory rate	35.0	%		35.0	%		35.0	%
State income taxes, net of federal benefit	—	%		1.6	%		3.2	%
Expiration of capital loss carryover	—	%		(17.6	)%		(25.5	)%
Change in valuation allowance related to current activity	(30.1	)%		9.2	%		25.3	%
Change in valuation allowance related to change in tax rate	(291.2	)%		—	%		—	%
Change in tax rate	291.2	%		—	%		—	%
Permanent items	1.1	%		(5.7	)%		(7.6	)%
Provision to return adjustments and other	(7.9	)%		(7.8	)%		(0.8	)%
Actual income tax rate	(1.9	)%		14.7	%		29.6	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) are comprised of the following (in thousands):

	December 31,
	2017				2016
Deferred tax assets:
Net operating loss	$	388,317			$	611,631
Property and equipment	9,862				23,203
Other	10,263				10,868
Total deferred tax assets	408,442				645,702
Valuation allowance	(383,253		)		(613,866		)
Net deferred tax assets	25,189				31,836
Deferred tax liabilities:
Investment in Laramie Energy	18,140				20,600
Convertible notes	3,193				6,866
Intangible assets	3,978				2,671
Other	863				2,337
Total deferred tax liabilities	26,174				32,474
Total deferred tax liability, net	$	(985	)		$	(638	)

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration