Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.19.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Taxes  
Schedule of deferred tax assets and liabilities

 

 

 

 

 

 

 

 

 

 

    

2018

 

2017

 

Deferred tax assets:

 

 

 

 

 

 

 

Accruals and reserves

 

$

331

 

$

331

 

Deferred rent credit

 

 

151

 

 

161

 

Total deferred tax assets

 

 

482

 

 

492

 

Deferred tax liabilities:

 

 

 

 

 

 

 

Depreciation and amortization

 

 

(337)

 

 

(354)

 

Total deferred tax liabilities

 

 

(337)

 

 

(354)

 

Net deferred tax asset

 

$

145

 

$

138

 

 

Schedule of provision (benefit) for income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

    

2018

    

2017

    

2016

 

Current:

 

 

 

 

 

 

 

 

 

 

Federal

 

$

967

 

$

2,253

 

$

2,515

 

State

 

 

327

 

 

552

 

 

55

 

Foreign

 

 

292

 

 

408

 

 

357

 

 

 

 

1,586

 

 

3,213

 

 

2,927

 

Deferred:

 

 

 

 

 

 

 

 

 

 

Federal

 

 

(11)

 

 

273

 

 

102

 

State

 

 

 4

 

 

 5

 

 

 3

 

 

 

 

(7)

 

 

278

 

 

105

 

 

 

$

1,579

 

$

3,491

 

$

3,032

 

Effective Tax Rate

 

 

30.9

%  

 

40.8

%  

 

33.9

%

 

Schedule of difference between total tax expense and the amount computed by applying the U.S. statutory federal income tax rate to income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

    

2018

    

2017

    

2016

 

Statutory rate applied to pretax income

 

$

1,075

 

$

2,908

 

$

3,037

 

Section 162(m) and other permanent items

 

 

203

 

 

 —

 

 

 —

 

Potential state tax obligations, net of federal tax benefit

 

 

158

 

 

375

 

 

 —

 

State income taxes, net of federal income tax benefit

 

 

99

 

 

36

 

 

36

 

Impact of new tax law

 

 

 —

 

 

189

 

 

 —

 

Foreign income taxes over (under) U.S. statutory rate

 

 

50

 

 

(70)

 

 

(64)

 

Other items

 

 

(6)

 

 

53

 

 

23

 

Income tax expense

 

$

1,579

 

$

3,491

 

$

3,032

 

 

Schedule of components of income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

    

2018

    

2017

    

2016

 

United States

 

$

3,960

 

$

6,929

 

$

7,514

 

Foreign

 

 

1,157

 

 

1,624

 

 

1,419

 

 

 

$

5,117

 

$

8,553

 

$

8,933

 

 

Schedule of activity related to unrecognized tax benefits

 

 

 

 

 

 

 

 

 

2018

    

2017

Balance as of January 1

 

$

443

 

$

 -

Additions related to prior period tax positions

 

 

200

 

 

443

Reductions related to settlements with tax authorities

 

 

(102)

 

 

 -

Balance as of December 31

 

$

541

 

$

443