Income Taxes (Tables)

6 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) are as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2016		2015		2016		2015
Current Federal alternative minimum tax (“AMT”) expense	$	79,000	$	81,000	$	141,000	$	119,000
Current state and local tax expense		99,000		96,000		160,000		96,000
Deferred Federal tax expense (A)		434,000		1,738,000		1,245,000		2,360,000
Deferred state and local tax expense (benefit)		(32,000)		(559,000)		21,000		(472,000)
Consolidated income tax expense, including taxes attributable to discontinued operations (B)		580,000		1,356,000		1,567,000		2,103,000
Less income tax expense attributable to discontinued operations		—		755,000		—		708,000
Income tax expense (C)	$	580,000	$	601,000	$	1,567,000	$	1,395,000

(A)	Includes an AMT (benefit) of $(79,000) and $(81,000) in the three months ended June 30, 2016 and 2015, respectively, and $(141,000) and $(119,000) in the six months ended June 30, 2016 and 2015, respectively.
(B)	Includes income tax expense attributable to income from discontinued operations.
(C)	Reflects the tax expense from continuing operations as reported on the consolidated statements of operations for the periods presented.