XML 73 R19.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Income Taxes | 3 Months Ended
--- | ---
Mar. 31, 2015
Income Tax Disclosure [Abstract] |
Income Taxes | Income Taxes The Company’s corporate organizational structure requires the filing of two separate consolidated U.S. Federal income tax returns. Taxable income of one group cannot be offset by tax attributes, including net operating losses, of the other group. A reconciliation of the effective tax rate to the U.S. federal statutory tax rate is as follows:
|  | Three months ended March 31,
|  | 2015 |  | 2014
Federal statutory tax rate |  | 35.0 | % |  | 35.0 | %
State income taxes, net of federal benefit |  | 5.4 |  |  | 2.3 |
Non-US income taxed at different rates |  | (23.6 | ) |  | — |
Non-deductible expenses |  | 5.4 |  |  | 0.1 |
Domestic production activities deduction |  | (1.1 | ) |  | (2.7 | )
Effective income tax rate |  | 21.1 | % |  | 34.7 | %
The decline in the effective tax rate for the three months ended March 31, 2015, compared to the three months ended March 31, 2014, was primarily due to the mix of pre-tax profit and loss between domestic and international taxing jurisdictions. The Company plans to permanently reinvest profits from international operations into opportunities to expand the Company’s international presence. Deferred taxes are presented in the balance sheets as follows (in thousands):
|  | March 31, 2015 |  | December 31, 2014
Current deferred tax assets |  | $ | 1,799 |  |  | $ | 2,696 |
Non-current deferred tax assets |  | 13,486 |  |  | 12,907 |
Non-current deferred tax liabilities |  | (23,297 | ) |  | (25,982 | )
Net deferred tax assets (liabilities) |  | $ | (8,012 | ) |  | $ | (10,379 | )

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

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: 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=6907707&loc=d3e32639-109319 Reference 5: 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=6907707&loc=d3e32537-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration