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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule Of Income Before Income Tax, Domestic And Foreign

The components of our income (loss) before provision (benefit) for income taxes were as follows (in thousands):

	Year Ended December 31,
	2018				2017				2016
United States	$	2,458			$	(9,242	)		$	3,087
Foreign	848				972				885
Income (loss) before provision (benefit) for income taxes	$	3,306			$	(8,270	)		$	3,972

Schedule Of Components Of Income Tax Expense

The federal and state income tax provision (benefit) is summarized as follows (in thousands):

	Year Ended December 31,
	2018				2017				2016
Current:
Federal	$	5			$	(275	)		$	(948	)
State	48				(1,433		)		(214		)
Foreign	213				179				178
Total current	266				(1,529		)		(984		)
Deferred:
Federal	165				(28,161		)		4,306
State	2,648				(3,992		)		361
Foreign	(14		)		(14		)		(15		)
Total deferred	2,799				(32,167		)		4,652
Provision (benefit) for income taxes	$	3,065			$	(33,696	)		$	3,668

Schedule Of Effective Income Tax Rate Reconciliation

The effective tax rate of our provision (benefit) for income taxes differs from the federal statutory rate as follows:

	Year Ended December 31,
	2018			2017			2016
Statutory rate	21.0	%		35.0	%		35.0	%
State income taxes, net of federal benefit	(7.2	)		31.7			14.1
Non-qualified stock option shortfalls (windfalls), net	(29.4	)		1.9			23.0
Stock-based compensation	21.6			(9.7	)		18.3
Lobbying	15.2			(9.1	)		8.9
Research and development credits	(17.1	)		(1.5	)		(20.4	)
Changes in valuation allowance	72.8
Tax reform - tax rate change	—			355.9			—
Foreign income tax and income inclusion	6.8			2.7			10.9
Non-deductible parking expense	3.1			—			—
Other permanent differences	5.9			0.7			2.4
Effective tax rate	92.7	%		407.6	%		92.2	%

Schedule Of Deferred Tax Assets And Liabilities

The tax effects of significant items comprising our deferred taxes as of December 31, 2018 and 2017 were as follows (in thousands):

	December 31, 2018				December 31, 2017
Deferred tax assets:
Accruals and reserves	$	6,349			$	2,499
Stock-based compensation	2,388				2,443
Intangible assets	61				448
Net operating losses	22,181				12,055
Tax credits	4,508				3,569
Other	250				178
Total deferred tax assets	35,737				21,192
Valuation allowance	(2,407		)		—
Total deferred tax assets net of valuation allowance	33,330				21,192
Deferred tax liabilities:
Intangible assets	(710		)		(1,083		)
Commissions receivable	(80,289		)		(64,911		)
Fixed assets	—				(55		)
Total deferred tax liabilities	$	(80,999	)		$	(66,049	)
Net deferred tax liabilities	$	(47,669	)		$	(44,857	)

Schedule Of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of our unrecognized tax benefits is as follows (in thousands):

	Unrecognized Tax Benefits
Balance at December 31, 2015	$	6,184
Lapse of statute of limitations	(1,236		)
Additions based on tax positions related to the current year	305
Balance at December 31, 2016	5,253
Decrease based on tax positions related to the prior year	(862		)
Lapse of statute of limitations	(1,637		)
Additions based on tax positions related to the current year	342
Balance at December 31, 2017	3,096
Increase based on tax positions related to the prior year	579
Lapse of statute of limitations	(5		)
Additions based on tax positions related to the current year	70
Balance at December 31, 2018	$	3,740

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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

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-Publisher FASB
-Name Accounting Standards Codification
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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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