Income Taxes (Tables)

6 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

(Benefit) Provision for Income Taxes

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

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
Federal:
Current	$	—		$	(21	)	$	—		$	51
Deferred		(10,665	)		209			(13,627	)		402
		(10,665	)		188			(13,627	)		453
State:
Current		60			185			159			234
Deferred		(103	)		2			(109	)		6
		(43	)		187			50			240
	$	(10,708	)	$	375		$	(13,577	)	$	693

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

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

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
(Benefit) provision for income taxes at statutory rate	$	(10,712	)	$	242		$	(13,643	)	$	523
Tax effect of:
Tax-exempt investment income		(10	)		(5	)		(20	)		(10	)
Change in the beginning of the period balance of the    valuation allowance for deferred tax assets allocated    to federal income taxes		57			2			57			2
Stock-based compensation		13			22			17			22
State income taxes, net of federal income tax benefit    and state valuation allowance		(65	)		122			(6	)		158
Other		9			(8	)		18			(2	)
	$	(10,708	)	$	375		$	(13,577	)	$	693