Income Taxes (Tables)

6 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes consisted of the following (in thousands).

	Three Months Ended June  30,					Six Months Ended June  30,
	2013		2012			2013		2012
Federal:
Current	$	41	$	—		$	67	$	—
Deferred		—		—			—		—
		41		—			67		—
State:
Current		146		(262	)		212		(184	)
Deferred		1		—			2		1
		147		(262	)		214		(183	)
	$	188	$	(262	)	$	281	$	(183	)

Provision (Benefit) for Income Taxes Differs from Amounts Computed by Applying Statutory Federal Corporate Tax Rate

The provision (benefit) for income taxes differs from the amounts computed by applying the statutory federal corporate tax rate of 35% to loss before income taxes as a result of the following (in thousands).

	Three Months Ended June  30,						Six Months Ended June 30,
	2013			2012			2013			2012
Provision (benefit) for income taxes at statutory rate	$	789		$	(1,565	)	$	1,530		$	(4,409	)
Tax effect of:
Tax-exempt investment income		(5	)		(1	)		(10	)		(2	)
Change in the beginning of the period balance of the valuation allowance for deferred tax assets allocated to federal income taxes		(749	)		1,545			(1,635	)		4,372
Restricted stock		—			1			171			13
State income taxes, net of federal income tax benefit and valuation allowance		147			(262	)		214			(183	)
Other		6			20			11			26
	$	188		$	(262	)	$	281		$	(183	)