XML 45 R36.htm IDEA: XBRL DOCUMENT
v3.3.1.900

11. INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Provision for income taxes |
|  | Years Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Current provision (benefit) |  | $ | (8,011 | ) |  | $ | 11,040 |  |  | $ | – |
Deferred provision (benefit) |  |  | (2,023 | ) |  |  | 4,097 |  |  |  | – |
Total |  | $ | (10,034 | ) |  | $ | 15,137 |  |  | $ | – |
Schedule of Effective Income Tax Rate Reconciliation |
|  | Years Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Statutory rate |  |  | 35.0% |  |  |  | 35.0% |  |  |  | 35.0% |
State income taxes, net of federal benefit |  |  | 9.2 |  |  |  | 10.0 |  |  |  | (8.2 | )
Change in valuation allowance |  |  | (4.2 | ) |  |  | (11.5 | ) |  |  | 458.0 |
Fair value adjustments and warrant inducements |  |  | 2.0 |  |  |  | 31.8 |  |  |  | – |
Domestic production gross receipts deduction |  |  | (2.9 | ) |  |  | (2.0 | ) |  |  | – |
Section 382 reduction to loss carryover |  |  | 0.1 |  |  |  | (24.2 | ) |  |  | (141.1 | )
Stock compensation |  |  | (0.8 | ) |  |  | – |  |  |  | (20.9 | )
Non-deductible items |  |  | (0.5 | ) |  |  | 0.6 |  |  |  | (27.7 | )
Change in tax status of PE Op Co. |  |  | – |  |  |  | (1.6 | ) |  |  | – |
Convertible debt instruments |  |  | – |  |  |  | – |  |  |  | (297.7 | )
Other |  |  | (3.2 | ) |  |  | (1.3 | ) |  |  | 2.6 |
Effective rate |  |  | 34.7% |  |  |  | 36.8% |  |  |  | 0.0% |
Components of deferred income taxes |
|  | December 31, |
|  | 2015 |  |  | 2014 |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 53,867 |  |  | $ | 12,385 |
Railcar contracts |  |  | 5,143 |  |  |  | – |
Pension liability |  |  | 2,647 |  |  |  | – |
R&D and AMT credits |  |  | 2,303 |  |  |  | – |
Litigation accrual |  |  | 1,290 |  |  |  | – |
Capital leases |  |  | 1,021 |  |  |  | – |
Stock-based compensation |  |  | 724 |  |  |  | 781 |
Other |  |  | 5,367 |  |  |  | 1,944 |
Total deferred tax assets |  |  | 72,362 |  |  |  | 15,110 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Fixed assets |  |  | (30,272 | ) |  |  | (24,813 | )
Intangibles |  |  | (1,091 | ) |  |  | (1,134 | )
Debt basis |  |  | (912 | ) |  |  | – |
Other |  |  | (1,423 | ) |  |  | (450 | )
Total deferred tax liabilities |  |  | (33,698 | ) |  |  | (26,397 | )
Valuation allowance |  |  | (39,838 | ) |  |  | (4,147 | )
Net deferred tax liabilities |  | $ | (1,174 | ) |  | $ | (15,434 | )
Classified in balance sheet as: |  |  |  |  |  |  |  |
Deferred tax liabilities |  | $ | (1,174 | ) |  | $ | (15,434 | )
Net operating loss carryforwards |
Tax Years |  | Federal |  |  | State |
2016–2020 |  | $ | – |  |  | $ | 21,344 |
2021–2025 |  |  | 7,258 |  |  |  | 1,412 |
2026–2030 |  |  | 13,624 |  |  |  | 33,635 |
2031–2035 |  |  | 116,729 |  |  |  | 67,071 |
|  | $ | 137,611 |  |  | $ | 123,462 |
Certain of these net operating losses are not immediately available, but become available to be utilized in each of the years ended December 31, as follows (in thousands):
Year |  |  | Federal |  |  | State |
| 2016 |  |  | $ | 26,820 |  |  | $ | 32,504 |
| 2017 |  |  |  | 10,862 |  |  |  | 6,748 |
| 2018 |  |  |  | 10,862 |  |  |  | 6,748 |
| 2019 |  |  |  | 6,383 |  |  |  | 6,277 |
| 2020 |  |  |  | 5,282 |  |  |  | 6,169 |
| Thereafter |  |  |  | 77,402 |  |  |  | 65,016 |
|  |  |  | $ | 137,611 |  |  | $ | 123,462 |
Federal Income Tax Note |
Jurisdiction | Tax Years
Federal | 2012 – 2014
Arizona | 2012 – 2014
California | 2011 – 2014
Colorado | 2011 – 2014
Idaho | 2012 – 2014
Illinois | 2012 – 2014
Indiana | 2012 – 2014
Iowa | 2014
Kansas | 2014
Minnesota | 2014
Missouri | 2014
Nebraska | 2012 – 2014
Oklahoma | 2014
Oregon | 2012 – 2014

X
- Definition Tabular disclosure of the federal tax basis of investment holdings. This item captures the aggregate cost of securities, aggregate gross unrealized appreciation for all securities in which there is an excess of value over tax cost, aggregate gross unrealized depreciation for all securities in which there is an excess of tax cost over value, net unrealized appreciation (depreciation), and an explanation of the differences between tax and book. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 5 -Subparagraph (SX 210.12-13) -URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611282-123010 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-12) -URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611133-123010 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-12C) -URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611225-123010 + Details
Name: | us-gaap_FederalIncomeTaxNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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 pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. + References Reference 1: 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_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration