INCOME TAXES (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
| Income Tax Disclosure [Abstract] |
|
| Schedule of (benefit) provision for income taxes |
| | | Years Ended December 31, | | | | | 2016 | | | 2015 | | | 2014 | | | Current: | | | | | | | | | | | | | | Federal | | $ | 208 | | | $ | (31 | ) | | $ | 73 | | | State | | | 10 | | | | 13 | | | | 38 | | | Reserve | | | (34 | ) | | | (36 | ) | | | (57 | ) | | Deferred: | | | | | | | | | | | | | | Federal | | | (467 | ) | | | 9,142 | | | | 546 | | | State | | | (57 | ) | | | 814 | | | | (181 | ) | | | | $ | (340 | ) | | $ | 9,902 | | | $ | 419 | |
|
| Schedule of reconciliation of income tax (benefit) provision at the statutory rate |
| |
|
Years Ended December 31, |
|
| |
|
2016 |
|
|
2015 |
|
|
2014 |
|
| Income tax expense (benefit) computed at |
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. corporate tax rate of 34% |
|
$ |
(8,384 |
) |
|
$ |
(3,147 |
) |
|
$ |
903 |
|
| Adjustments attributable to: |
|
|
|
|
|
|
|
|
|
|
|
|
| Valuation allowance |
|
|
4,486 |
|
|
|
13,053 |
|
|
|
1,077 |
|
| Income tax payable adjustments |
|
|
210 |
|
|
|
- |
|
|
|
- |
|
| State income tax |
|
|
(50 |
) |
|
|
13 |
|
|
|
24 |
|
| Reserve for uncertain tax positions |
|
|
(34 |
) |
|
|
(36 |
) |
|
|
(57 |
) |
| Goodwill impairment |
|
|
3,283 |
|
|
|
- |
|
|
|
- |
|
| Nondeductible expenses |
|
|
8 |
|
|
|
19 |
|
|
|
(1,575 |
) |
| Other |
|
|
141 |
|
|
|
- |
|
|
|
47 |
|
| |
|
$ |
(340 |
) |
|
$ |
9,902 |
|
|
$ |
419 |
|
|
| Schedule of components of deferred tax assets and liabilities |
| |
|
As of December 31, |
|
| |
|
2016 |
|
|
2015 |
|
| Deferred tax assets: |
|
|
|
|
|
|
|
|
| Inventories |
|
$ |
914 |
|
|
$ |
1,005 |
|
| Accruals |
|
|
927 |
|
|
|
839 |
|
| Other current deferred tax assets |
|
|
- |
|
|
|
88 |
|
| Equity-based compensation |
|
|
3,182 |
|
|
|
2,970 |
|
| Federal, state and foreign net operating loss |
|
|
|
|
|
|
|
|
| carry forwards |
|
|
20,942 |
|
|
|
13,677 |
|
| Tax credit carry forward |
|
|
1,284 |
|
|
|
1,284 |
|
| Deferred revenue |
|
|
- |
|
|
|
23 |
|
| Difference between book and tax basis of property |
|
|
257 |
|
|
|
- |
|
| Valuation allowance |
|
|
(24,622 |
) |
|
|
(16,417 |
) |
| |
|
|
2,884 |
|
|
|
3,469 |
|
| |
|
|
|
|
|
|
|
|
| Deferred tax liabilities: |
|
|
|
|
|
|
|
|
| Difference between book and tax basis of property |
|
|
- |
|
|
|
(191 |
) |
| Intangible assets |
|
|
(3,352 |
) |
|
|
(4,270 |
) |
| |
|
|
(3,352 |
) |
|
|
(4,461 |
) |
| Net deferred tax liabilities |
|
$ |
(468 |
) |
|
$ |
(992 |
) |
|
| Schedule of net operating loss carry forwards |
| |
|
|
|
|
Year of |
| |
|
Amount |
|
|
Expiration |
| |
|
|
|
|
|
| Federal net operating losses |
|
$ |
48,276 |
|
|
2023-2036 |
| State net operating losses |
|
|
65,345 |
|
|
2016-2036 |
| Alternative minimum tax credit carryforwards |
|
|
771 |
|
|
n/a |
| General business credit carryforwards |
|
|
513 |
|
|
2018-2031 |
|
| Schedule of summary of the activity related to our unrecognized tax benefit |
| |
|
2016 |
|
|
2015 |
|
| Balance at January 1, |
|
$ |
25 |
|
|
$ |
54 |
|
| Decreases as a result of positions taken during prior periods |
|
|
(25 |
) |
|
|
(29 |
) |
| Balance at December 31, |
|
$ |
- |
|
|
$ |
25 |
|
|