XML 47 R32.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Reconciliation of Total Amounts of Unrecognized Tax Benefits | The following is a reconciliation of the total amounts of unrecognized tax benefits for the years ended December 31, 2015, 2014 and 2013 (in thousands):
|  | 2015 |  |  | 2014 |  |  | 2013 |
Beginning uncertain tax benefits |  | $ | 2,487 |  |  | $ | 1,674 |  |  | $ | 1,243 |
Prior year—increases |  |  | 120 |  |  |  | — |  |  |  | — |
Prior year—decreases |  |  | (762 | ) |  |  | — |  |  |  | — |
Current year—increases |  |  | 144 |  |  |  | 1,067 |  |  |  | 687 |
Current year—decreases for lapses in statutes of limitations |  |  | (439 | ) |  |  | (254 | ) |  |  | (256 | )
Ending uncertain tax benefits |  | $ | 1,550 |  |  | $ | 2,487 |  |  | $ | 1,674 |
Jurisdictions the Company Remains Subject to Tax Examinations | The Company remains subject to tax examinations in the following jurisdictions as of December 31, 2015:
Jurisdiction |  | Tax Years |
United States (Federal and State) |  |  | 2012-2015 |
Ireland |  |  | 2010-2015 |
United Kingdom |  |  | 2014-2015 |
Components of Loss from Operations Before Taxes | The components of loss from operations before taxes were as follows for the years ended December 31, 2015, 2014 and 2013 (in thousands):
|  | 2015 |  |  | 2014 |  |  | 2013 |
United States |  | $ | (10,137 | ) |  | $ | (7,331 | ) |  | $ | (9,234 | )
Ireland and United Kingdom |  |  | (108,153 | ) |  |  | (51,870 | ) |  |  | (160,187 | )
|  | $ | (118,290 | ) |  | $ | (59,201 | ) |  | $ | (169,421 | )
Benefit from Income Taxes | The benefit from income taxes shown in the accompanying consolidated statements of operations consists of the following for fiscal 2015, 2014 and 2013 (in thousands):
|  | 2015 |  |  | 2014 |  |  | 2013 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal-U.S. |  | $ | 1,053 |  |  | $ | 660 |  |  | $ | 122 |
State-U.S. |  |  | 113 |  |  |  | 117 |  |  |  | 118 |
Total current |  | $ | 1,166 |  |  | $ | 777 |  |  | $ | 240 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal-U.S. |  |  | (3,343 | ) |  |  | (3,689 | ) |  |  | (4,065 | )
State-U.S. |  |  | (605 | ) |  |  | (226 | ) |  |  | 631 |
Ireland and United Kingdom |  |  | (9,023 | ) |  |  | 3,335 |  |  |  | (33,106 | )
Change in valuation allowance |  |  | 8,719 |  |  |  | (3,034 | ) |  |  | 33,106 |
Total deferred |  | $ | (4,252 | ) |  | $ | (3,614 | ) |  | $ | (3,434 | )
Benefit from income taxes |  | $ | (3,086 | ) |  | $ | (2,837 | ) |  | $ | (3,194 | )
Difference between Benefit from Income Taxes and Amount Computed by Applying Statutory Income Tax Rate to Income Before Taxes | The benefit from income taxes differs from the amount computed by applying the statutory income tax rate to income before taxes due to the following for fiscal 2015, 2014 and 2013 (in thousands):
|  | 2015 |  |  | 2014 |  |  | 2013 |
Benefits from taxes at statutory rate |  | $ | (29,572 | ) |  | $ | (14,786 | ) |  | $ | (42,355 | )
Rate differential |  |  | 8,572 |  |  |  | 9,493 |  |  |  | 18,494 |
Change in valuation reserves |  |  | 8,719 |  |  |  | (3,034 | ) |  |  | 33,106 |
Derivative liabilities |  |  | 187 |  |  |  | (2,706 | ) |  |  | (11,984 | )
Gain on extinguishment of debt |  |  | (328 | ) |  |  | (9,509 | ) |  |  | — |
Research and development credits |  |  | (1,284 | ) |  |  | (1,455 | ) |  |  | (2,008 | )
Tax return to provision adjustments |  |  | 2,248 |  |  |  | 10,026 |  |  |  | 125 |
Cumulative translation adjustment |  |  | 7,811 |  |  |  | 8,061 |  |  |  | (280 | )
Permanent and other |  |  | 561 |  |  |  | 1,073 |  |  |  | 1,708 |
Benefit from income taxes |  | $ | (3,086 | ) |  | $ | (2,837 | ) |  | $ | (3,194 | )
Income Tax Effect of Each Type of Temporary Difference Comprising Net Deferred Tax Asset | The income tax effect of each type of temporary difference comprising the net deferred tax asset as of December 31, 2015 and 2014 is as follows (in thousands):
|  | 2015 |  |  | 2014 |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating losses |  | $ | 88,996 |  |  | $ | 80,096 |
Stock based compensation |  |  | 17,975 |  |  |  | 15,600 |
Depreciation |  |  | 74 |  |  |  | (90 | )
Tax credits |  |  | 3,076 |  |  |  | 2,141 |
Other reserves and accrued liabilities |  |  | 2,796 |  |  |  | 1,708 |
Gross deferred tax assets |  |  | 112,917 |  |  |  | 99,455 |
Less: valuation allowance |  |  | (94,684 | ) |  |  | (85,965 | )
Total deferred tax assets |  | $ | 18,233 |  |  | $ | 13,490 |
Valuation Allowance | The following table reflects the activity in the valuation allowance for the years ended December 31, 2015 and 2014 (in thousands):
|  | 2015 |  |  | 2014 |
Beginning valuation allowance |  | $ | 85,965 |  |  | $ | 88,999 |
Increase as reflected in income tax expense |  |  | 16,291 |  |  |  | 5,081 |
Cumulative translation adjustment |  |  | (7,572 | ) |  |  | (8,115 | )
Ending valuation allowance |  | $ | 94,684 |  |  | $ | 85,965 |

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=6907707&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=6907707&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=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: 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)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=51663037&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=51663037&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (c),(d)(2)-(3) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxExaminationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Valuation Allowance -URI http://asc.fasb.org/extlink&oid=6528051 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration