Rendering

Component: (Network and Table)
Network
2310301 - Disclosure - Income Taxes (Tables)
(http://www.willbros.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]
 
Income (Loss) Before Income Taxes on Continuing Operations
Income (loss) before income taxes on continuing operations consists of the following (in thousands):
 
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
Foreign
 
$
(556
)
 
$
334

 
$
31,388

United States
 
(43,756
)
 
(118,914
)
 
(105,767
)
 
 
$
(44,312
)
 
$
(118,580
)
 
$
(74,379
)
 
 
Provision (Benefit) for Income Taxes on Continuing Operations by Country
Provision (benefit) for income taxes on continuing operations by country consists of the following (in thousands):
 
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
Current provision (benefit):
 
 
 
 
 
 
Foreign
 
$
(550
)
 
$
1,822

 
$
10,447

United States:
 
 
 
 
 
 
Federal
 
735

 
(51,475
)
 
(7,443
)
State
 
(159
)
 
(4,497
)
 
(2,851
)
 
 
26

 
(54,150
)
 
153

Deferred tax provision (benefit):
 
 
 
 
 
 
Foreign
 
(556
)
 
357

 
314

United States
 

 
(238
)
 
(238
)
 
 
(556
)
 
119

 
76

Total provision (benefit) for income taxes
 
$
(530
)
 
$
(54,031
)
 
$
229

 
 
Reconciliation of Differences Between Provision (Benefit) for Income Tax Computed and Reported Provision for Income Taxes
A reconciliation of the differences between the provision (benefit) for income taxes computed at the appropriate statutory rates and the reported provision (benefit) for income taxes is as follows (in thousands). For 2016, 2015 and 2014, the Company was domiciled in the United States, which has a 35 percent statutory tax rate.
 
 
2016
 
2015
 
2014
Taxes on earnings at statutory rate in domicile of parent company
 
$
(15,509
)
 
$
(41,503
)
 
$
(26,033
)
Earnings taxed at rates less or greater than parent company rates:
 
 
 
 
 
 
Foreign
 
246

 
(297
)
 
(1,944
)
State income taxes, net of U.S. federal benefit
 
116

 
(3,050
)
 
916

Non deductibles
 
2,017

 
2,681

 
6,243

Changes in provision (benefit) for unrecognized tax positions
 
204

 
91

 
(1,117
)
Change in valuation allowance
 
12,951

 
(19,027
)
 
18,272

Stock-based compensation
 
1,522

 
1,990

 
(557
)
Deferred tax adjustments
 
(1,123
)
 
(595
)
 
3,965

Deemed dividend/previously taxed income
 

 
1,850

 

Prior year tax settlement
 
382

 
(246
)
 
(2,229
)
Transfer pricing allocation
 
6

 
2,011

 
3,133

Stock issuance costs
 

 
1,947

 

Alternative Minimum Tax credit carryforward
 
(1,031
)
 

 

Other
 
(311
)
 
117

 
(420
)
Total provision (benefit) for income taxes
 
$
(530
)
 
$
(54,031
)
 
$
229

 
 
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
 
 
 
Year Ended December 31,
 
 
2016
 
2015
Beginning balance
 
$
2,406

 
$
2,504

Change in measurement of existing tax positions related to expiration of statute of limitations
 

 
(100
)
Foreign exchange difference in Canadian operations
 

 
2

Ending balance
 
$
2,406

 
$
2,406

 
 
Summary of Principal Components of Company's Net Deferred Tax Assets (Liabilities)
The principal components of the Company’s net deferred tax assets (liabilities) are as follows (in thousands):
 
 
 
December 31,
 
 
2016
 
2015
Deferred tax assets:
 
 
 
 
Non-current:
 
 
 
 
Accrued vacation
 
144

 
552

Allowance for doubtful accounts
 
249

 
1,216

Estimated losses
 
143

 

Deferred compensation
 
696

 
1,968

Accrued insurance
 
863

 
7,778

Deferred rent
 
8,533

 
1,311

Various accrued liabilities
 
274

 
340

Term Loan amortization
 

 
516

Goodwill
 
25,739

 
30,915

U.S. tax net operating loss carry forwards
 
59,258

 
42,816

State tax net operating loss carry forwards
 
6,148

 
8,892

Foreign tax net operating loss carry forwards
 
2,817

 
3,073

Alternative Minimum Tax credit carryforward
 
846

 

Other
 
117

 
195

Gross deferred tax assets
 
105,827

 
99,572

Valuation allowance
 
(69,304
)
 
(58,435
)
Deferred tax assets, net of valuation allowance
 
36,523

 
41,137

 
 
 
 
 
Deferred tax liabilities:
 
 
 
 
Non-current:
 
 
 
 
Estimated losses
 

 
(277
)
Term Loan amortization
 
(1,203
)
 

Depreciation
 
(7,409
)
 
(9,797
)
Intangible amortization
 
(27,596
)
 
(31,166
)
Other
 

 
(17
)
Deferred tax liabilities
 
(36,208
)
 
(41,257
)
Net deferred tax assets (liabilities)
 
$
315

 
$
(120
)
 
 
 
 
 
United States
 
$

 
$

Foreign
 
315

 
(120
)
Net deferred tax assets (liabilities)
 
$
315

 
$
(120
)