Rendering

Component: (Network and Table)
Network
100290 - Disclosure - Income Taxes (Tables)
(http://www.caredxinc.com/20151231/taxonomy/role/DisclosureIncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001217234 (http://www.sec.gov/CIK)
Income Tax Disclosure [Abstract]Period [Axis]
2015-01-01 - 2015-12-31
Income Tax Disclosure [Abstract]
 
Schedule of Reconciliation of Difference between Benefit for Income Taxes and Income Taxes at Statutory U.S. Federal Income Tax Rate

A reconciliation of the difference between the benefit for income taxes and income taxes at the statutory U.S. federal income tax rate is as follows:

 

 

 

Year Ended December, 31,

 

 

 

2015

 

 

2014

 

 

2013

 

Federal tax at statutory rate

 

 

34.0

%

 

 

34.0

%

 

 

34.0

%

Stock-based compensation

 

 

-1.9

%

 

 

-9.5

%

 

 

-11.4

%

Change in valuation allowance

 

 

-31.1

%

 

 

190.6

%

 

 

-8.6

%

Change in unrecognized tax benefits

 

 

0.0

%

 

 

0.0

%

 

 

-8.4

%

Preferred stock warrant revaluation

 

 

0.0

%

 

 

-0.7

%

 

 

-5.0

%

Interest expense

 

 

0.0

%

 

 

-5.8

%

 

 

0.0

%

Contingent liability for IMX acquisition

 

 

0.0

%

 

 

38.2

%

 

 

0.0

%

Acquisition costs

 

 

-3.2

%

 

 

-36.7

%

 

 

0.0

%

Other

 

 

2.2

%

 

 

-1.3

%

 

 

-0.6

%

Effective income tax rate

 

 

0.0

%

 

 

208.8

%

 

 

0.0

%

 

  
Schedule of Tax Effects of Temporary Differences and Carryforwards that Rise to Significant Deferred Tax Assets and Liabilities

The tax effects of temporary differences and carryforwards that give rise to significant deferred tax assets and liabilities are as follows (in thousands):

 

 

 

As of December 31,

 

 

 

2015

 

 

2014

 

Deferred tax assets:

 

 

 

 

 

 

 

 

Net operating loss carryforwards

 

$

65,957

 

 

$

63,116

 

Tax credit carryforwards

 

 

4,533

 

 

 

4,065

 

Accruals

 

 

1,125

 

 

 

942

 

Other

 

 

698

 

 

 

551

 

Gross deferred tax assets

 

 

72,313

 

 

 

68,674

 

Deferred tax liabilities:

 

 

 

 

 

 

 

 

Property and equipment

 

 

95

 

 

 

(8

)

Purchased intangibles

 

 

(2,355

)

 

 

(2,349

)

Total deferred tax liabilities

 

 

(2,260

)

 

 

(2,357

)

Valuation allowance

 

 

(70,053

)

 

 

(66,317

)

Net deferred tax assets

 

$

—

 

 

$

—

 

 

  
Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the Company’s unrecognized tax benefits is as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

Balance at beginning of year

 

$

2,054

 

 

$

2,196

 

 

$

1,159

 

Additions based on tax positions related to current

   year

 

 

372

 

 

 

83

 

 

 

177

 

Additions (reductions) based on tax positions

   related to prior years

 

 

5

 

 

 

(225

)

 

 

860

 

Balance at end of year

 

$

2,431

 

 

$

2,054

 

 

$

2,196