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Note 8 - Income Taxes | 9 Months Ended
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Sep. 30, 2017
Notes to Financial Statements |
Income Tax Disclosure [Text Block] | 8 . Income taxes For the three months ended September 30, 2017, we recorded an income tax expense of $1.8 million on income before income taxes of $5.3 million, using an estimated effective tax rate for the fiscal year ending December 31, 2017 ( “Fiscal 2017” ) adjusted for certain minimum state taxes as well as the inclusion of a $0.4 million tax recovery related to the adoption of ASU 2016 - 09, which requires all excess tax benefits and tax deficiencies related to employee share-based payments to be recognized through income tax expense on a prospective basis . Comparatively, for the three months ended September 30, 2016, the Company recorded a provision for income taxes of $2.5 million on income before taxes of $7.2 million, using an estimated effective tax rate for the 2016 fiscal year. For the nine months en ded September 30, 2017, we recorded an income tax expense of $2.8 million on income before income taxes of $13.9 million, using an estimated effective tax rate for Fiscal 2017 adjusted for certain minimum state taxes as well as the inclusion of a $2.6 million tax recovery related to the adoption of ASU 2016 - 09, which requires all excess tax benefits and tax deficiencies related to employee share-based payments to be recognized through income tax expense on a prospective basis . Comparatively, for the nine months ended September 30, 2016, the Company recorded a provision for income taxes of $6.5 million on income before taxes of $19.7 million, using an estimated effective tax rate for the 2016 fiscal year. In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the years in which those temporary differences become deductible. The Company considers projected future taxable income, uncertainties related to the industry in which we operate, and tax planning strategies in making this assessment. On January 20, 2017, the Company acquired eNom and as part of the acquisition, the Company assumed $21.9 million of deferred tax liabilities (note 4 (b)). The Company follows the provisions of FASB ASC Topic 740, Income Taxes to account for income tax exposures. The application of this interpretation requires a two -step process that separates recognition of uncertain tax benefits from measurement thereof. The Company had nil gross unrecognized tax benefit as of September 30, 2017 and approximately $0.1 million as of December 31, 2016. During the nine months ended September 30, 2017, the Company settled the outstanding tax matter relating to prior Pennsylvania state franchise taxes under the state’s tax amnesty program. The Company recognizes accrued interest and penalties related to income taxes in income tax expense. The Company did not have significant interest and penalties accrued at September 30, 2017 and December 31, 2016, respectively.

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- 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 -URI http://asc.fasb.org/topic&trid=2144680 + Details
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