XML 42 R37.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Provision for Income Tax Expense (Benefit) | Our provision for income tax expense (benefit) is comprised of the following:
|  | For the Years Ended December 31, |
(in thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 887 |  |  | $ | 536 |  |  | $ | 184 |
State |  |  | 157 |  |  |  | (68 | ) |  |  | (88 | )
International |  |  | 175 |  |  |  | 223 |  |  |  | 196 |
|  |  | 1,219 |  |  |  | 691 |  |  |  | 292 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | — |  |  |  | 22,418 |  |  |  | (5,590 | )
State |  |  | — |  |  |  | 1,538 |  |  |  | (374 | )
International |  |  | — |  |  |  | 73 |  |  |  | (3 | )
|  |  | — |  |  |  | 24,029 |  |  |  | (5,967 | )
Total income tax expense (benefit) |  | $ | 1,219 |  |  |  | 24,720 |  |  |  | (5,675 | )
Schedule of Components of Income Taxes | The components of our income taxes consisted of the following:
(in thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Income tax expense (benefit) from continuing operations |  | $ | 1,369 |  |  | $ | 25,974 |  |  | $ | (9,444 | )
Income tax (benefit) expense from discontinued operations |  |  | (150 | ) |  |  | 209 |  |  |  | 3,769 |
Income tax benefit from loss on disposal of discontinued operations |  |  | — |  |  |  | (1,463 | ) |  |  | — |
Total income tax expense (benefit) |  | $ | 1,219 |  |  |  | 24,720 |  |  |  | (5,675 | )
Variations from Federal Statutory Rate | Variations from the federal statutory rate are as follows:
(in thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Expected federal income tax (benefit) expense at statutory rate of 34% |  | $ | (2,631 | ) |  | $ | 898 |  |  | $ | (807 | )
Effect of 2008 State NOL’s and option forfeitures |  |  | — |  |  |  | 49 |  |  |  | — |
Effect of permanent enhanced charitable donation differences |  |  | — |  |  |  | — |  |  |  | (31 | )
Effect of permanent other differences |  |  | 37 |  |  |  | 213 |  |  |  | 106 |
Effect of change in financial statement carrying value of investment |  |  | — |  |  |  | — |  |  |  | (5,077 | )
State income tax expense (benefit), net of federal benefit |  |  | (150 | ) |  |  | 24 |  |  |  | (40 | )
Establishment of valuation allowance on net deferred tax assets |  |  | 4,071 |  |  |  | 23,153 |  |  |  | — |
Other |  |  | (70 | ) |  |  | 278 |  |  |  | 209 |
Effect of differences between U.S. taxation and foreign taxation |  |  | (38 | ) |  |  | 105 |  |  |  | (35 | )
Total income tax expense (benefit) |  | $ | 1,219 |  |  |  | 24,720 |  |  |  | (5,675 | )
Components of Net Accumulated Deferred Income Tax Assets | The components of the net accumulated deferred income tax assets as of December 31, 2014 and 2013 are as follows:
|  | December 31, |
(in thousands) |  | 2014 |  |  | 2013 |
Deferred tax assets (liabilities): |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |
Provision for doubtful accounts |  | $ | 1,211 |  |  | $ | 171 |
Inventory-related expense |  |  | 483 |  |  |  | 950 |
Accrued liabilities |  |  | 2,641 |  |  |  | 3,341 |
Net operating loss carryforward |  |  | — |  |  |  | 820 |
Worthless stock deduction |  |  | 206 |  |  |  | 3,055 |
Prepaid and deferred catalog costs |  |  | — |  |  |  | (103 | )
Other |  |  | 263 |  |  |  | 35 |
Exit activity accruals |  |  | — |  |  |  | 1,603 |
Total current deferred tax assets |  |  | 4,804 |  |  |  | 9,872 |
Valuation allowance |  |  | (4,804 | ) |  |  | (9,872 | )
Total current deferred tax assets, net of valuation allowance |  | $ | — |  |  | $ | — |
Non-current: |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | (1,506 | ) |  | $ | (825 | )
Section 181 qualified production expense |  |  | (2,770 | ) |  |  | (850 | )
Net operating loss carryforward |  |  | 26,966 |  |  |  | 15,297 |
Charitable carryforward |  |  | 1,414 |  |  |  | 1,567 |
Loss (gain) from change in financial statement carrying value of investment, net |  |  | 48 |  |  |  | 55 |
Gain from foreign business acquisition |  |  | (347 | ) |  |  | (347 | )
Impairment of intangibles |  |  | 367 |  |  |  | — |
Tax credits |  |  | 921 |  |  |  | 920 |
Other |  |  | (3 | ) |  |  | 69 |
Total non-current deferred tax assets |  |  | 25,090 |  |  |  | 15,886 |
Valuation allowance |  |  | (25,090 | ) |  |  | (15,886 | )
Total non-current deferred tax assets, net of valuation allowance |  |  | — |  |  |  | — |
Total net deferred tax assets |  | $ | — |  |  | $ | — |
Sources of Income (Loss) Before Income Taxes | The sources of income (loss) before income taxes are as follows:
(in thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Domestic |  | $ | (4,947 | ) |  | $ | 5,503 |  |  | $ | (29,162 | )
International |  |  | 686 |  |  |  | 373 |  |  |  | 493 |
|  | $ | (4,261 | ) |  | $ | 5,876 |  |  | $ | (28,669 | )

X
- Definition Schedule Of Provision For Income Tax Table [Text Block] + References No definition available. + Details
Name: | gaia_ScheduleOfProvisionForIncomeTaxTableTextBlock
Namespace Prefix: | gaia_
Data Type: | nonnum:textBlockItemType
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=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