Rendering

Component: (Network and Table)
Network
2314301 - Disclosure - Income Taxes (Tables)
(http://www.conformis.com/role/IncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Income Tax Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Income Tax Disclosure [Abstract]
 
Schedule of income before income tax, domestic and foreign
For financial reporting purposes, income (loss) before income taxes for the years ended December 31, 2016, 2015 and 2014 include the following components (in thousands):
 
Years ended December 31,
 
2016
 
2015
 
2014
Income (loss) from continuing operations before income taxes:
 
 
 
 
 
U.S.
$
(51,576
)
 
$
(50,155
)
 
$
(40,328
)
Non‑U.S.
(5,949
)
 
(7,050
)
 
(5,353
)
 
$
(57,525
)
 
$
(57,205
)
 
$
(45,681
)
 
 
Schedule of components of income tax expense (benefit)
Significant components of the provision for income taxes for the years ended December 31, 2016, 2015 and 2014 were as follows (in thousands):
 
Years ended December 31,
 
2016
 
2015
 
2014
Current:
 
 
 
 
 
Federal
$

 
$

 
$

State

 

 

Foreign
63

 
41

 
41

 
63

 
41

 
41

Deferred:
 
 
 
 
 
Federal

 

 

State

 

 

Foreign

 

 

 


 


 
 
Total
$
63

 
$
41

 
$
41

 
 
Schedule of effective income tax rate reconciliation
A reconciliation of the income tax expense (benefit) at the statutory federal income tax rate as reflected in the financial statements was as follows:
 
Years ended December 31,
 
2016
 
2015
 
2014
Tax at U.S. statutory rate
(34.00
)%
 
(34.00
)%
 
(34.00
)%
State taxes, net of federal benefits
(2.70
)
 
(2.27
)
 
(2.36
)
Permanent items
0.42

 
1.52

 
1.46

Tax credit
(1.06
)
 
(0.85
)
 
(8.59
)
Change in valuation allowance
33.95

 
31.07

 
37.49

Foreign rate differential
1.04

 
1.68

 
0.68

Rate change
(0.06
)
 
0.01

 
(0.02
)
Uncertain tax positions
2.06

 
2.21

 
2.97

Other
0.46

 
0.7

 
2.47

 
0.11
 %
 
0.07
 %
 
0.10
 %
 
 
Schedule of deferred tax assets and liabilities
Significant components of the Company’s deferred tax assets (liabilities) consisted of the following (in thousands):
 
Years ended December 31,
 
2016
 
2015
Deferred tax assets:
 
 
 
Federal and state net operating loss carryforwards
$
115,719

 
$
99,823

Foreign net operating loss carryforwards
2,561

 
2,973

Accrued expenses
280

 

Credits
5,091

 
4,483

Deferred revenue
1,709

 

Other
5,703

 
4,138

Total deferred tax assets
131,063

 
111,417

Valuation allowance
(130,005
)
 
(110,518
)
Net deferred tax assets
1,058

 
899

Deferred tax liabilities:
 
 
 
Fixed assets
(841
)
 
(612
)
Intangibles
(217
)
 
(287
)
Other

 

Net deferred tax liabilities
(1,058
)
 
(899
)
Net deferred tax assets
$

 
$

Current net deferred tax asset
33

 
15

Long‑term net deferred tax liability
(33
)
 
(15
)
Net deferred tax asset
$

 
$

 
 
Schedule of unrecognized tax benefits
Unrecognized tax benefits during the three years ended December 31, 2016, 2015 and 2014 consisted of the following:
 
Years ended December 31,
 
2016
 
2015
 
2014
Unrecognized tax benefits beginning of year
$
3,730

 
$
2,466

 
$
1,109

Gross change for current year positions
1,187

 
1,264

 
1,357

Decrease for prior period positions

 

 

Decrease due to settlements and payments

 

 

Decrease due to statute limitations

 

 

Unrecognized tax benefits end of the year
$
4,917

 
$
3,730

 
$
2,466