Income Taxes (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Federal:
Current	$	35	$	—	$	102	$	—
Deferred		—		—		—		—
		35		—		102		—
State:
Current		128		99		341		(85	)
Deferred		1		—		2		1
		129		99		343		(84	)
	$	164	$	99	$	445	$	(84	)

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 income (loss) before income taxes as a result of the following (in thousands).

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Provision (benefit) for income taxes at statutory rate	$	733		$	1,182		$	2,264		$	(3,227	)
Tax effect of:
Tax-exempt investment income		(10	)		(10	)		(21	)		(13	)
Change in the beginning of the period balance of the valuation allowance for deferred tax assets allocated to federal income taxes		(716	)		(3,693	)		(2,352	)		678
Stock-based compensation		22			2,516			193			2,530
State income taxes, net of federal income tax benefit and valuation allowance		129			99			343			(84	)
Other		6			5			18			32
	$	164		$	99		$	445		$	(84	)