Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v2.4.1.9
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2014
Income Taxes [Abstract]  
Schedule of provision for income taxes (Benefit)

 

    Years ended
December 31,		  
    2014     2013  
Income (loss) before income taxes:            
U.S.   $ 8,760     $ 4,018  
Non-U.S.     (1,335 )     401  
Total income before income taxes   $ 7,425     $ 4,419  
Provision (benefit) for taxes:                
Current:                
Federal   $ —     $ —  
State     58       27  
Non-U.S.     —       —  
Total current     58       27  
Deferred:                
Federal     —       423  
State     2       2  
Non-U.S.     —       (887 )
Total deferred     2       462  
Total income tax provision (benefit)   $ 60     $ (435 )
Effective income tax rate     0.8 %    

NM
Schedule of difference between statutory federal income tax rate and tax provision attributable to income (loss) from continuing operations

 

    Years ended
December 31,		  
    2014     2013  
Computed expected federal tax expense   $ 2,599     $ 1,547  
Decrease in valuation allowance     (4,320 )     (1,234 )
Foreign bad debt write-off     —       (432 )
State income net of federal benefit     376       82  
Non-U.S. income taxed at different rates     172       33  
Uncertain tax positions expense     2       (492 )
Foreign exchange adjustment     360       —  
Foreign tax rate adjustment     847       —  
Other     24       61  
Income tax expense (benefit)   $ 60     $ (435 )
Schedule of deferred tax assets

 

    December 31,  
    2014     2013  
Deferred tax assets:            
Net operating losses   $ 4,827     $ 5,893  
Accrued compensation, bonuses, severance     75       57  
Allowance for bad debt     36       140  
Intangible amortization     152       201  
Impaired assets     240       240  
Accrued expenses     32       23  
Deferred revenue     4,308       9,635  
Depreciation     260       259  
Tax credits     97       —  
Valuation allowance     (7,868 )     (12,169 )
Total deferred tax assets   $ 2,159     $ 4,279  
Deferred tax liabilities:                
Deferred course expenses   $ (2,159 )   $ (4,279 )
Total deferred tax liabilities     (2,159 )     (4,279 )
Net deferred tax asset   $ —     $ —
Schedule of unrecognized tax benefits

 

    2014     2013  
Unrecognized tax benefits - January 1   $ 1,915     $ 1,470  
Gross increases - tax positions in prior period     2       1  
Gross decreases - tax positions in prior period     (173 )     (18 )
Gross increases - tax positions in current period     -       1,514  
Settlement     -       (1,052 )
Lapse in statute of limitations     -       -  
Unrecognized tax benefits - December 31   $ 1,744     $ 1,915
Schedule of liability for unrecognized tax benefits

 

    December 31,  
    2014     2013  
Reduction of net operating loss carryforwards   $ 1,676     $ 1,753  
Reduction of tax credit carryforwards     5       101  
Total reductions of deferred tax assets     1,681       1,854  
Noncurrent tax liability (reflected in Other long-term liabilities)     63       61  
Total liability for unrecognized tax benefits   $ 1,744     $ 1,915