A reconciliation of income taxes computed at federal statutory
rates to income tax expense is as follows (dollar amounts in
thousands):
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Three Months Ended March 31, |
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2018 |
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|
2017 |
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|
Benefit from income taxes at statutory rate
|
|
$ |
(770 |
) |
|
|
21.0 |
% |
|
$ |
(411 |
) |
|
|
35.0 |
% |
|
State and local income taxes, net of federal tax benefit
|
|
|
(78 |
) |
|
|
2.1 |
% |
|
|
(20 |
) |
|
|
1.7 |
% |
|
Stock based compensation
|
|
|
(22 |
) |
|
|
0.6 |
% |
|
|
(20 |
) |
|
|
1.7 |
% |
|
Foreign rate differential
|
|
|
(1,237 |
) |
|
|
33.8 |
% |
|
|
45 |
|
|
|
(3.8 |
)% |
|
Research credits
|
|
|
18 |
|
|
|
(0.5 |
)% |
|
|
59 |
|
|
|
(5.0 |
)% |
|
Permanent non-deductible acquisition-related
expense
|
|
|
(301 |
) |
|
|
8.2 |
% |
|
|
(245 |
) |
|
|
20.9 |
% |
|
Net (windfall) shortfall on stock based compensation
|
|
|
(117 |
) |
|
|
3.2 |
% |
|
|
471 |
|
|
|
(40.1 |
)% |
|
Other, net
|
|
|
42 |
|
|
|
(1.1 |
)% |
|
|
20 |
|
|
|
(1.8 |
)% |
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|
|
|
|
|
|
|
|
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|
|
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|
Reported income tax benefit
|
|
$ |
(2,465 |
) |
|
|
67.3 |
% |
|
$ |
(101 |
) |
|
|
8.6 |
% |
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|
|
|
|
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As of
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