Income Taxes |
6 Months Ended | ||||||||||||||||||||||||||||||||
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Jun. 30, 2015 | |||||||||||||||||||||||||||||||||
| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||
| Income Taxes |
INCOME TAXES
The provision for income taxes was $1,746 and $267, for the three months ended June 30, 2015 and 2014, respectively. The (benefit) provision for income taxes was $(1,156) and $31, for the six months ended June 30, 2015 and 2014, respectively. The estimated 2015 effective tax rate was 46.7% for the three months ended June 30, 2015 compared to a 8.9% estimated annual effective tax rate for the three months ended June 30, 2014. The estimated 2015 effective tax rate was 34.5% for the six months ended June 30, 2015 compared to an estimated annual effective tax rate for the six months ended June 30, 2014 of 0.2%, before discrete items.
A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:
At both June 30, 2015 and December 31, 2014, the Company had approximately $3,700 of total gross unrecognized tax benefits. Of the total gross unrecognized tax benefits as of June 30, 2015 and December 31, 2014, approximately $3,700 and $2,500, respectively, (net of the Federal benefit on state amounts) represents the amount of unrecognized tax benefits that, if recognized, would favorably affect the effective income tax rate in any future periods.
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