Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.10.0.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Benefit (Provision)
Income tax benefit (provision) included in our reported net loss consisted of the following (in thousands):
 
Year Ended December 31,
 
2018
 
2017
 
2016
Current:
 
 
 
 
 
Federal
$

 
$

 
$

State

 

 
(4
)
Foreign
190

 
(185
)
 

Total Current
190

 
(185
)
 
(4
)
Deferred:
 
 
 
 
 
Federal

 

 
170

State

 

 

Foreign

 

 

Total Deferred

 

 
170

Total income tax benefit (provision)
$
190

 
$
(185
)
 
$
166

Schedule of Income before Income Tax, Domestic and Foreign
The sources of loss from operations before income taxes were as follows (in thousands):
 
Year Ended December 31,
 
2018
 
2017
 
2016
Domestic
$
(115,137
)
 
$
(223,991
)
 
$
(95,739
)
Foreign
(10,798
)
 
(7,283
)
 
(1,082
)
Total loss before income taxes
$
(125,935
)
 
$
(231,274
)
 
$
(96,821
)
Summary of Effective Income Tax Rate Reconciliation
The reconciliation of the federal statutory income tax rate to our effective income tax rate is as follows:
 
Year Ended December 31,
 
2018
 
2017
 
2016
Income tax benefit (provision) at U.S. statutory rate
$
26,446

 
$
80,946

 
$
33,887

Share-based compensation

 

 
(5,911
)
Impairment

 
(27,969
)
 

Change in U.S. tax rate

 
(30,562
)
 

Change in valuation allowance due to change in U.S. tax rate

 
30,562

 

U.S. state tax
7,955

 

 

Change in valuation allowance
(32,086
)
 
(51,030
)
 
(26,398
)
Other
(2,125
)
 
(2,132
)
 
(1,412
)
Total income tax benefit (provision)
$
190

 
$
(185
)
 
$
166

Schedule of Deferred Tax Assets and Liabilities
Significant components of our deferred tax assets and liabilities are as follows (in thousands):
 
December 31,
 
2018
 
2017
Deferred tax assets:
 
 
 
Capitalized engineering costs
$
6,353

 
$
2,812

Capitalized start-up costs
19,290

 
17,881

Compensation and benefits
3,862

 
5,465

Net operating loss carryforwards and credits:
 
 
 
Federal
37,822

 
19,423

State
4,979

 
522

Foreign
2,392

 
1,694

Other, net
8,328

 
3,541

Deferred tax assets
83,026

 
51,338

Less valuation allowance
(83,026
)
 
(50,942
)
Deferred tax assets, net of valuation allowance

 
396

 
 
 
 
Deferred tax liabilities

 
(396
)
Net deferred tax assets
$

 
$