INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

The Company’s federal and state income tax provision (benefit) from continuing operations is summarized in the following table (in thousands):

The effect of temporary differences that give rise to a significant portion of deferred taxes is as follows (in thousands):



	December 31,
	2016			2015
Deferred tax assets:
Reserves not currently deductible	$	19,249		$	27,467
Net operating loss carryforwards	121,084			91,350
Goodwill and intangibles (tax deductible)	27,549			34,983
Accrued expenses	467			654
Property basis differences	2,578			1,021
Stock based compensation	6,887			8,245
Other	638			715
Total deferred tax assets	178,452			164,435
Deferred tax liabilities:
Indefinite-lived goodwill and intangibles	(2,281		)	(236		)
Less: valuation allowance	(178,452		)	(164,435		)
Net deferred tax liability	(2,281		)	(236		)
Deferred taxes	$	(2,281	)	$	(236	)

The Company’s reconciliation of the statutory rate to the effective income tax rate from continuing operations is as follows (in thousands):



	Year Ended December 31,
	2016			2015			2014
Tax (benefit) at statutory rate	$	(11,275	)	$	(113,736	)	$	(48,554	)
State tax (benefit), net of federal taxes	(1,322		)	(8,356		)	(3,959		)
Valuation allowance changes affecting income tax expense	14,017			57,023			63,641
Change in tax contingencies	(66		)	(37		)	(109		)
Goodwill impairment	—			43,362			—
Other	661			212			174
Tax provision (benefit)	$	2,015		$	(21,532	)	$	11,193

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands):



	Year Ended December 31,
	2016			2015			2014
Unrecognized tax benefits balance at January 1,	$	1,067		$	1,096		$	1,172
Lapse of statute of limitations	(46		)	(29		)	(76		)
Unrecognized tax benefits balance at December 31,	$	1,021		$	1,067		$	1,096