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Income taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of Benefit for Income Taxes | The benefit for income taxes on loss from continuing operations consisted of the following:
|  | Year Ended December 31, |
(In thousands) |  | 2015 |  |  | 2014 |
Current |  |  |  |  |  |  |  |
Federal |  | $ | (123 | ) |  | $ | — |
State |  |  | — |  |  |  | — |
|  |  | (123 | ) |  |  | — |
Deferred |  |  |  |  |  |  |  |
Federal |  |  | (14,660 | ) |  |  | (167 | )
State |  |  | (1,800 | ) |  |  | — |
|  |  | (16,460 | ) |  |  | (167 | )
Benefit for income taxes |  | $ | (16,583 | ) |  | $ | (167 | )
Reconciliation of Effective Income Tax benefit | The Company’s effective income tax benefit differed from the statutory federal income tax rate of 34.0% for the years ended December 31, 2015 and 2014. For the year ended December 31, 2015, this difference is primarily due to state income taxes and one-time contingent earn out costs related to shares issued pursuant to the TBO Merger Agreement. A reconciliation was shown as follows:
|  | Year Ended December 31, |
(In thousands) |  | 2015 |  |  | 2014 |
Tax on continuing operating loss before income taxes |  | $ | (20,117 | ) |  |  | 34.0 | % |  | $ | (264 | ) |  |  | 34.0 | %
Non-deductible contingent earn out costs |  |  | 4,862 |  |  |  | -8.2 | % |  |  | — |  |  |  | 0.0 | %
Non-deductible acquisition costs |  |  | 366 |  |  |  | -0.6 | % |  |  | 101 |  |  |  | -0.2 | %
Other permanent differences |  |  | 185 |  |  |  | -0.3 | % |  |  | 3 |  |  |  | 0.0 | %
Effect of state taxes (net of federal tax benefit) |  |  | (1,800 | ) |  |  | 3.0 | % |  |  | (7 | ) |  |  | 0.0 | %
Others |  |  | (79 | ) |  |  | 0.1 | % |  |  | — |  |  |  | 0.0 | %
Benefit related to income taxes |  | $ | (16,583 | ) |  |  | 28.0 | % |  | $ | (167 | ) |  |  | 33.8 | %
Schedule of Components of Deferred Income Taxes | Components of deferred income tax consist of the following:
(In thousands) |  | December 31, 2015 |  |  | December 31, 2014 |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 4,619 |  |  | $ | 213 |
Share-base compensation |  |  | 12,069 |  |  |  | — |
Liability for employee incentive-based compensation plan |  |  | 1,528 |  |  |  | — |
Accounts receivable |  |  | 530 |  |  |  | 38 |
Accrued expenses and other current liabilities |  |  | 136 |  |  |  | 84 |
Intangible assets |  |  | — |  |  |  | 203 |
|  |  | 18,882 |  |  |  | 538 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets as a result of Fluent Acquisition |  | $ | 31,743 |  |  |  | — |
Property and equipment |  |  | 239 |  |  |  | 84 |
Prepaid expenses and other current assets |  |  | 412 |  |  |  | — |
Internal Revenue Code Sec. 481 adjustment |  |  | 61 |  |  |  | 84 |
|  |  | 32,455 |  |  |  | 168 |
Net deferred tax liability |  | $ | (13,573 | ) |  | $ | 370 |

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- 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
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- 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
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- 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
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