INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Components of income tax

The Company’s Federal and state income tax expense (benefit) from continuing operations for the three months and six months ended June 30, 2014 and 2013 is summarized in the following table (in thousands):

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014		2013
Current
Federal	$	—		$	(240	)	$	—	$	(900	)
State	(587		)	(176		)	196		(144		)
Total current	(587		)	(416		)	196		(1,044		)
Deferred
Federal	3,248			489			5,644		885
State	402			73			714		130
Total deferred	3,650			562			6,358		1,015
Total income tax expense (benefit)	$	3,063		$	146		$	6,554	$	(29	)

Schedule of Effective Income Tax Rate Reconciliation

The Company’s reconciliation of the statutory rate from continuing operations to the effective income tax rate for the three months and six months ended June 30, 2014 and 2013 is summarized as follows (in thousands):

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
Tax benefit at statutory rate	$	(5,374	)	$	(3,203	)	$	(13,044	)	$	(6,191	)
State tax expense (benefit), net of Federal taxes	(384		)	(220		)	125			(348		)
Change in tax contingencies	3			6			3			(506		)
Valuation allowance changes affecting income tax expense	8,755			3,225			19,356			6,293
Non-deductible transaction costs and other	63			338			114			723
Income tax expense (benefit)	$	3,063		$	146		$	6,554		$	(29	)