Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Significant components of net deferred tax assets and net deferred tax liabilities

Significant components of the net deferred tax assets and net deferred tax liabilities as reflected on the Consolidated Balance Sheets are as follows:



	December 31,
	2013			2012
	(in thousands)
Deferred tax liabilities:
Prepaid assets	$	(5,084	)	$	(6,929	)
Depreciation	(8,937		)	(8,580		)
Software development costs	(2,739		)	(3,104		)
Total deferred tax liabilities	(16,760		)	(18,613		)

Deferred tax assets:
Accrued incentive compensation	3,909			4,896
Net operating loss carryforward	1,773			2,057
Workers’ compensation accruals	5,568			5,079
Accrued rent	1,008			1,033
Stock-based compensation	3,742			3,114
Intangibles	837			227
Minority investment impairment	991			—
Other	412			418
Total deferred tax assets	18,240			16,824
Valuation allowance	(991		)	—
Total net deferred tax assets	17,249			16,824

Net deferred tax assets (liabilities)	$	489		$	(1,789	)

Net current deferred tax assets	$	8,185		$	7,211
Net noncurrent deferred tax liabilities	(7,696		)	(9,000		)
	$	489		$	(1,789	)

Components of income tax expense

The components of income tax expense are as follows:



	Year ended December 31,
	2013			2012			2011
	(in thousands)
Current income tax expense:
Federal	$	20,476		$	29,280		$	16,816
State	3,512			4,351			3,535
Total current income tax expense	23,988			33,631			20,351
Deferred income tax (benefit) expense:
Federal	(2,258		)	(5,363		)	47
State	(30		)	(380		)	(93		)
Total deferred income tax benefit	(2,288		)	(5,743		)	(46		)
Total income tax expense	$	21,700		$	27,888		$	20,305

Reconciliation of income tax expense

The reconciliation of income tax expense computed at U.S. federal statutory tax rates to the reported income tax expense from continuing operations is as follows:



	Year ended December 31,
	2013			2012			2011
	(in thousands)
Expected income tax expense at 35%	$	18,806		$	23,901		$	17,770
State income taxes, net of federal benefit	2,286			2,497			2,249
Nondeductible expenses	1,993			1,663			904
Section 199 benefits	(2,531		)	—			—
Expense Management non-cash impairment	797			—			—
Valuation allowance related to TRE impairment	938			—			—
Research and development credit	(534		)	—			(558		)
Other, net	(55		)	(173		)	(60		)
Reported total income tax expense	$	21,700		$	27,888		$	20,305