Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

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,
	2014			2013
	(in thousands)
Deferred tax liabilities:
Prepaid assets	$	(9,291	)	$	(5,084	)
Depreciation	(8,083		)	(8,937		)
Software development costs	(2,252		)	(2,739		)
Total deferred tax liabilities	(19,626		)	(16,760		)

Deferred tax assets:
Accrued incentive compensation	7,204			3,909
Net operating loss carryforward	1,556			1,773
Workers’ compensation accruals	6,308			5,568
Accrued rent	1,058			1,008
Stock-based compensation	3,615			3,742
Intangibles	1,575			837
Minority investment impairment	1,003			991
Other	551			412
Total deferred tax assets	22,870			18,240
Valuation allowance	(1,003		)	(991		)
Total net deferred tax assets	21,867			17,249

Net deferred tax assets	$	2,241		$	489

Net current deferred tax assets	$	6,316		$	8,185
Net noncurrent deferred tax liabilities	(4,075		)	(7,696		)
	$	2,241		$	489

Components of income tax expense

The components of income tax expense are as follows:



	Year ended December 31,
	2014			2013			2012
	(in thousands)
Current income tax expense:
Federal	$	18,034		$	20,476		$	29,280
State	3,322			3,512			4,351
Total current income tax expense	21,356			23,988			33,631
Deferred income tax (benefit) expense:
Federal	(1,764		)	(2,258		)	(5,363		)
State	31			(30		)	(380		)
Total deferred income tax benefit	(1,733		)	(2,288		)	(5,743		)
Total income tax expense	$	19,623		$	21,700		$	27,888

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,
	2014			2013			2012
	(in thousands)
Expected income tax expense at 35%	$	16,670		$	18,806		$	23,901
State income taxes, net of federal benefit	2,204			2,286			2,497
Nondeductible expenses	1,939			1,993			1,663
Section 199 benefits	(592		)	(2,531		)	—
Expense Management non-cash impairment	—			797			—
Valuation allowance related to TRE impairment	—			938			—
Research and development credit	(455		)	(534		)	—
Other, net	(143		)	(55		)	(173		)
Reported total income tax expense	$	19,623		$	21,700		$	27,888