|12 Months Ended|
Dec. 31, 2017
(3) Income Taxes
For the years ended December 31, 2015, 2016, and 2017, income tax expense consisted of the following (in thousands):
Income tax expense differs from the amount that would be computed by applying the U.S. statutory federal income tax rate of 35% to income for the years ended December 31, 2015, 2016, and 2017 as a result of the following (in thousands):
Deferred income taxes reflect the impact of temporary differences between assets and liabilities for financial reporting purposes and such amounts as measured by tax laws. At December 31, 2017, we did not have any deferred income taxes.
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.
Reference 1: http://www.xbrl.org/2003/role/presentationRef