INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2016
Income Taxes Tables  
Schedule of provision (benefit) for income taxes

The Company’s provision (benefit) for income taxes consists of the following for the years ended December 31, 2016, 2015 and 2014:

 

    Year Ended December 31,  
    2016     2015     2014  
Current:                        
Federal   $ 5,530     $ 201     $ -  
State     1,114       99       98  
Foreign     4,063       779       -  
Total current provision     10,707       1,079       98  
Deferred:                        
Federal     3,015       5,166       (2,503 )
State     610       1,443       (481 )
Foreign     (11 )     -       -  
Total deferred     3,614       6,609       (2,984 )
Total provision for income taxes   $ 14,321     $ 7,688     $ (2,886 )
Schedule of reconciliation effective tax rate for income (loss) before income taxes

A reconciliation of the federal statutory rate of 35% to the effective tax rate for income (loss) before income taxes is as follows for the year ended December 31, 2016, 2015 and 2014:

 

    Year Ended December 31,  
    2016     2015     2014  
Provision for income taxes at federal statutory rate     35.0 %     34.0 %     (34.0 )%
State income taxes, net of federal benefit     2.8       4.0       (3.7 )
Noncontrolling interest tax differential     (6.2 )     -       -  
Other     (1.2 )     (1.8 )     4.5  
Effective income tax rate     30.4 %     36.2 %     (33.2 )%
Schedule of deferred income tax assets (liabilities)

Deferred income tax assets (liabilities) consisted of the following as of December 31, 2016 and 2015:

 

    December 31,  
    2016     2015  
Deferred tax assets:                
Goods held for sale or auction   $ -     $ 692  
Deductible goodwill and other intangibles     -       9,848  
Accrued liabilities and other     2,459       1,177  
Deferred revenue     335       -  
Mandatorily redeemable noncontrolling interests     1,173       768  
Other     379       160  
State taxes     994       -  
Share based payments     443       -  
Foreign tax and other tax credit carryforwards     1,855       1,427  
Capital loss carryforward     3,600       -  
Net operating loss carryforward     7,711       4,920  
Total deferred tax assets     18,949       18,992  
Deferred tax liabilities:                
Depreciation     (1,291 )     -  
Goodwill and other intangibles     (4,139 )     -  
Total deferred tax Liabilities     (5,430 )     -  
                 
Net deferred tax assets     13,519       18,992  
                 
Valuation allowance     (4,900 )     -  
                 
Net deferred tax assets   $ 8,619     $ 18,992
Schedle of reconciliation of the amounts of gross unrecognized tax benefits

At December 31, 2016, the Company had gross unrecognized tax benefits totaling $1,255 all of which would have an impact on the Company's effective income tax rate, if recognized. A reconciliation of the amounts of gross unrecognized tax benefits (before federal impact of state items), excluding interest and penalties, was as follows (in thousands):

 

    Year Ended  
    December 31,  
    2016  
Beginning balance        
Addition as a result of the acquisition of UOL   $ 1,379  
Additions for current year tax positions     42  
Additions for Prior year tax positions     44  
Reductions for Prior year tax positions     (4 )
Reductions due to lapse in statutes of limitations     (206 )
Ending balance   $ 1,255