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INCOME TAXES
6 Months Ended
Jun. 30, 2017
Income Tax Disclosure [Abstract]  
Income Taxes
INCOME TAXES
The Company’s federal and state income tax provision from continuing operations for the three months and six months ended June 30, 2017 and 2016 is summarized in the following table (in thousands):
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2017
 
2016
 
2017
 
2016
Current
 
 
 
 
 
 
 
Federal
$

 
$

 
$

 
$

State
190

 
25

 
226

 
25

Total current
190

 
25

 
226

 
25

Deferred
 

 
 

 
 

 
 

Federal
437

 
108

 
932

 
125

State
91

 
16

 
179

 
22

Total deferred
528

 
124

 
1,111

 
147

Total income tax expense
$
718

 
$
149

 
$
1,337

 
$
172


The income tax expense recognized for the three months and six months ended June 30, 2017 is a result of an increase in the deferred tax liability.
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, 2017 and 2016 is summarized as follows (in thousands):
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2017
 
2016
 
2017
 
2016
Tax benefit at statutory rate
$
(9,790
)
 
$
(2,844
)
 
$
(16,236
)
 
$
(6,271
)
State tax expense, net of federal taxes
190

 
3

 
226

 
3

Valuation allowance changes affecting income tax provision
10,266

 
1,926

 
17,242

 
5,314

Non-deductible transaction costs and other
52

 
1,064

 
105

 
1,126

Income tax expense
$
718

 
$
149

 
$
1,337

 
$
172


At June 30, 2017, the Company had Federal net operating loss (“NOL”) carry forwards of approximately $373.8 million, of which $14.3 million is subject to an annual limitation, which will begin expiring in 2026 and later. The Company has post-apportioned state NOL carry forwards of approximately $414.4 million, the majority of which will begin expiring in 2017 and later.