|
Income Taxes (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Income Tax Disclosure [Abstract] |
|
| Schedule of income before income taxes |
The components of loss before income taxes consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
2014 |
|
2013 |
|
2012 |
Loss before income taxes: |
|
|
|
|
|
|
|
|
Domestic |
$ |
(26,271 |
) |
|
$ |
(18,450 |
) |
|
$ |
(48,582 |
) |
Foreign |
(2,636 |
) |
|
(1,167 |
) |
|
(773 |
) |
Total loss before income taxes |
$ |
(28,907 |
) |
|
$ |
(19,617 |
) |
|
$ |
(49,355 |
) |
|
| Schedule of provision for income tax expense (benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Years Ended December 31, |
|
2014 |
|
2013 |
|
2012 |
Loss before income taxes: |
|
|
|
|
|
|
|
|
Domestic |
$ |
(26,271 |
) |
|
$ |
(18,450 |
) |
|
$ |
(48,582 |
) |
Foreign |
(2,636 |
) |
|
(1,167 |
) |
|
(773 |
) |
Total loss before income taxes |
$ |
(28,907 |
) |
|
$ |
(19,617 |
) |
|
$ |
(49,355 |
) |
The provision for income tax expense (benefit) consists of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
2014 |
|
2013 |
|
2012 |
Current: |
|
|
|
|
|
|
|
|
U.S. Federal |
$ |
(122 |
) |
|
$ |
(627 |
) |
|
$ |
(2,461 |
) |
State |
35 |
|
|
28 |
|
|
30 |
|
Foreign |
(96 |
) |
|
— |
|
|
— |
|
Total current |
(183 |
) |
|
(599 |
) |
|
(2,431 |
) |
Deferred: |
|
|
|
|
|
|
|
|
U.S. Federal |
(5,693 |
) |
|
(2,475 |
) |
|
6,972 |
|
State |
(562 |
) |
|
(322 |
) |
|
(106 |
) |
Foreign |
(126 |
) |
|
— |
|
|
— |
|
Total deferred |
(6,381 |
) |
|
(2,797 |
) |
|
6,866 |
|
Total provision for income tax expense (benefit) |
$ |
(6,564 |
) |
|
$ |
(3,396 |
) |
|
$ |
4,435 |
|
|
| Total income tax expense differs from the expected income tax expense |
Total income tax expense (benefit) differs from the expected income tax expense (benefit), computed by applying the federal statutory rate of 34% to earnings before income taxes as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
2014 |
|
2013 |
|
2012 |
Expected income tax expense (benefit) |
$ |
(9,828 |
) |
|
$ |
(6,671 |
) |
|
$ |
(16,805 |
) |
State income taxes, net of federal tax effect |
(347 |
) |
|
(549 |
) |
|
(669 |
) |
Change in tax rate |
20 |
|
|
1 |
|
|
69 |
|
Federal R&D credit |
(88 |
) |
|
(57 |
) |
|
— |
|
Change in valuation allowance |
2,957 |
|
|
3,659 |
|
|
13,957 |
|
Goodwill impairment |
— |
|
|
— |
|
|
7,554 |
|
Foreign tax |
690 |
|
|
108 |
|
|
187 |
|
Other, net |
32 |
|
|
113 |
|
|
142 |
|
Total provision for income tax expense (benefit) |
$ |
(6,564 |
) |
|
$ |
(3,396 |
) |
|
$ |
4,435 |
|
|
| Schedule of tax effects of temporary differences that give rise to significant portions of deferred tax assets (liabilities) |
The tax effects of temporary differences that give rise to significant portions of deferred tax assets (liabilities) are presented below (in thousands):
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|
|
|
|
|
|
|
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|
December 31, |
|
2014 |
|
2013 |
Deferred tax assets: |
|
|
|
|
|
Inventory provisions and uniform capitalization |
$ |
35 |
|
|
$ |
225 |
|
Accounts receivable allowances |
20 |
|
|
73 |
|
Fixed assets |
— |
|
|
244 |
|
Non-qualified stock option and restricted stock expense |
2,176 |
|
|
2,367 |
|
Deferred maintenance revenue |
221 |
|
|
726 |
|
Loss and credit carryforwards of U.S. subsidiary |
19,153 |
|
|
15,502 |
|
Loss carryforward of foreign subsidiaries |
221 |
|
|
1,107 |
|
Other accruals and reserves |
907 |
|
|
880 |
|
Other |
33 |
|
|
75 |
|
Total deferred tax assets before valuation allowance |
22,766 |
|
|
21,199 |
|
Less valuation allowance |
(19,916 |
) |
|
(18,110 |
) |
Total deferred tax assets |
$ |
2,850 |
|
|
$ |
3,089 |
|
Deferred tax liabilities: |
|
|
|
|
|
Acquired intangibles |
$ |
(3,865 |
) |
|
$ |
(3,029 |
) |
Fixed Assets |
(100 |
) |
|
— |
|
Total deferred tax liabilities |
$ |
(3,965 |
) |
|
$ |
(3,029 |
) |
Total net deferred tax assets (liabilities) |
$ |
(1,115 |
) |
|
$ |
60 |
|
|
| Reconciliation of the beginning and ending amounts of gross unrecognized tax benefits |
A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits for the years ended December 31 is presented in the table below (in thousands):
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|
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|
|
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|
Years Ended December 31, |
|
2014 |
|
2013 |
Gross unrecognized tax benefits at beginning of year |
$ |
1,036 |
|
|
$ |
1,017 |
|
Increases related to: |
|
|
|
|
|
Prior year income tax positions |
— |
|
|
97 |
|
Current year income tax positions |
64 |
|
|
84 |
|
Decreases related to: |
|
|
|
|
|
Prior year income tax positions - closure of statute of limitations |
(200 |
) |
|
(162 |
) |
Gross unrecognized tax benefits at end of year |
$ |
900 |
|
|
$ |
1,036 |
|
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