Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income tax expense (benefit) from continuing operations

Income tax expense (benefit) from continuing operations consists of the following for the years ended December 31:

		2015		2014			2013
				(in thousands)
Current:
Federal	$	212		$	129		$	95
State		226			150			113
		438			279			208
Deferred:
Federal		2,997			1,714			1,353
State		586			385			902
		3,583			2,099			2,255
Valuation allowance release		(588	)		(341	)		(37,527	)
Total income tax expense (benefit)	$	3,433		$	2,037		$	(35,064	)

The reconciliations of the U.S. federal statutory rate to the effective income tax rate

The reconciliations of the U.S. federal statutory rate to the effective income tax rate for the years ended December 31, 2015, 2014 and 2013 are as follows:

	2015		2014			2013
Tax provision at U.S. federal statutory rates	34.0	%		34.0	%		34.0	%
State taxes	2.3			2.6			3.5
Federal rate adjustment	—			—			34.6
State rate adjustment	—			—			0.5
Deferred tax asset adjustments	6.8			6.4			5.9
Non-deductible permanent items	0.7			0.4			0.6
Acquisition costs	7.0			—			—
Stock options	—			—			0.4
Other	(1.0	)		0.3			0.5
Change in valuation allowance	(7.3	)		(6.3	)		(1,219.1	)
Effective income tax rate	42.5	%		37.4	%		(1,139.1	)%

Deferred income taxes

Significant components of the Company’s deferred taxes as of December 31, 2015 and 2014 are as follows:

	2015			2014
	(in thousands)
Deferred tax assets:
Allowance for doubtful accounts	$	394		$	284
Accrued liabilities		1,266			1,473
Net operating loss carry-forwards		31,325			34,473
Fixed assets		16			83
Intangible assets		—			744
Share-based compensation expense		2,422			1,566
Other		613			286
Total gross deferred tax assets		36,036			38,909
Valuation allowance		(5,427	)		(6,015	)
		30,609			32,894
Deferred tax liabilities:
Intangible assets		(9,147	)		—
Total gross deferred tax liabilities		(9,147	)		—
Net deferred tax assets	$	21,462		$	32,894

Federal and state net operating loss carry-forwards

The federal NOLs expire through 2035 as follows (in millions):

2021	$	4.6
2022		1.7
2023		—
2024		4.1
2025		7.7
2026		25.5
2027		15.5
2028		5.2
2029		7.7
2030		10.6
2031		1.3
2032		—
2033		0.1
2034		2.5
2035		1.7
	$	88.2

The state NOLs expire through 2035 as follows (in millions):

2016	$	19.6
2017		3.1
2028		2.6
2029		5.8
2030		11.0
2034		2.1
2035		1.5
California NOLs		45.7
Other State NOLs		5.7
Total State NOLs	$	51.4

A reconciliation of the beginning and ending amount of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: 

	2015			2014
	(in thousands)
Balance at January 1,	$	636		$	636
Reductions based on the lapse of the statutes of limitations		(109	)		—
Balance at December 31,	$	527		$	636