RealPage, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Domestic and Foreign Components of Income (Loss) before Provision for Income Taxes

The domestic and foreign components of (loss) income before income taxes were as follows:



	Year Ended December 31,
	2015			2014			2013
	(in thousands)
Domestic	$	(15,777	)	$	(18,768	)	$	19,230
Foreign	2,713			2,161			1,252
Total	$	(13,064	)	$	(16,607	)	$	20,482

(Benefit) Provision for Income Taxes

Our benefit for income taxes consisted of the following components:



	Year Ended December 31,
	2015			2014			2013
	(in thousands)
Current:
Federal	$	162		$	—		$	—
State	797			437			1,886
Foreign	414			550			421
Total current income tax expense	1,373			987			2,307
Deferred:
Federal	(5,075		)	(6,611		)	(1,832		)
State	156			(460		)	(619		)
Foreign	(300		)	(249		)	(66		)
Total deferred income tax benefit	(5,219		)	(7,320		)	(2,517		)
Total income tax benefit	$	(3,846	)	$	(6,333	)	$	(210	)

Reconciliation of Income Tax (Benefit) Expense Computed at Federal Statutory Tax Rate to Actual Income Tax (Benefit) Expense

The reconciliation of our income tax benefit computed at the U.S. federal statutory tax rate to the actual income tax benefit is as follows:



	Year Ended December 31,
	2015			2014			2013
	(in thousands)
Expense derived by applying the Federal income tax rate to (loss) income before taxes	$	(4,572	)	$	(5,813	)	$	7,169
State income tax, net of federal benefit	561			(177		)	607
Foreign income tax	(813		)	(477		)	(170		)
Change in valuation allowance	—			—			(9,087		)
Benefit of assets not previously recognized	—			(516		)	—
Nondeductible expenses	418			454			644
Fair value adjustment on stock acquisition	(52		)	(28		)	487
Stock-based compensation	209			223			139
Reduction in available Federal NOL	350			—			—
Other	53			1			1
	$	(3,846	)	$	(6,333	)	$	(210	)

Components of Deferred Tax Assets and Liabilities

Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of our assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our deferred tax assets and liabilities are as follows:



	December 31,
	2015			2014
	(in thousands)
Deferred tax assets:
Reserves, deferred revenue and accrued liabilities	$	8,107		$	6,392
Stock-based compensation	15,112			12,238
Net operating loss carryforwards and tax credits	13,733			22,348
Total deferred tax assets	36,952			40,978
Deferred tax liabilities:
Property, equipment, and software	(10,041		)	(8,217		)
Intangible assets	(11,563		)	(21,965		)
Other	(3,297		)	(2,459		)
Total deferred tax liabilities	(24,901		)	(32,641		)
Net deferred tax assets	$	12,051		$	8,337