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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Provision (Benefit)

Income tax provision (benefits) are summarized as follows:

	Year Ended December 31,
(In thousands)	2017				2016				2015
Current:
Federal	$	(91	)		$	—			$	247
State		(5	)			—				—
Total current tax benefit (provision)		(96	)			—				247
Deferred:
Federal	$	(7,456	)		$	(4,091	)		$	(8,939	)
State		(369	)			(234	)			(1,277	)
Total deferred tax benefit		(7,825	)			(4,325	)			(10,216	)
Income tax benefit	$	(7,921	)		$	(4,325	)		$	(9,969	)

Schedule of Effective Income Tax Rate Reconciliation

Reconciliation of the statutory federal income tax rate to the Company’s actual rate based on income (loss) before income tax benefit is summarized as follows:

	Year Ended December 31,
	2017				2016				2015
Statutory federal tax rate		35	%			35	%			35	%
State income taxes, net of federal income taxes		2.0				2.0				6.9
State tax credit		—				(45.9	)			—
State rate adjustment		—				2.1				—
Permanent tax differences – Merger expenses		—				—				11.4
Permanent tax differences – investment in unconsolidated investee		—				—				9.8
Permanent tax differences – executive compensation		(12.5	)			—				—
Permanent tax differences – other		(17.0	)			2.4				1.4
Purchase price allocation adjustment – Merger		—				3.7				—
Change in valuation allowance		193.5				(34.8	)			(131.1	)
FICA credit generated		11.8				(4.7	)			—
Impact of Tax Cuts and Jobs Act		(74.6	)			—				—
Other, net		(0.4	)			4.1				(1.8	)
Effective tax rate		137.8	%			-36.1	%			-68.4	%

Schedule of Deferred Tax Assets and Liabilities

The Company’s current and non-current deferred tax assets (liabilities) are comprised of the following:

	December 31,
(In thousands)	2017				2016
Current:
Accruals and reserves	$	4,348			$	1,144
Share-based compensation expense		2,532				2,366
Development costs		—				5
Alternative minimum tax credit carryforward		1,483				1,468
General business credit carryforward		1,126				481
State tax credits		5,500				5,500
Net operating loss carryforwards		17,350				28,025
Other		701				1,065
		33,040				40,054
Valuation allowances		(6,983	)			(18,109	)
	$	26,057			$	21,945
Deferred tax liabilities:
Prepaid services		(884	)			(1,034	)
Amortization of intangible assets		(14,304	)			(20,024	)
Depreciation of fixed assets		(3,082	)			(925	)
		(18,270	)			(21,983	)
Net deferred tax assets (liabilities)	$	7,787			$	(38	)

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- References

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- 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=84230637&loc=d3e32639-109319

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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=84230637&loc=d3e32537-109319

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- 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=84230637&loc=d3e32687-109319

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