Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Significant Components of Provision for Income Taxes

Significant components of the provision for income taxes for the years ended December 31, 2016, 2015 and 2014 is as follows (in thousands):

	2016			2015			2014
Current:
Federal	$	(8	)	$	56		$	113
State		39			101			44
Total Current Provision	$	31		$	157		$	157
Deferred:
Federal	$	(1,451	)	$	(1,866	)	$	-
State		(281	)		(245	)		-
Total Deferred Provision (Benefit)	$	(1,732	)	$	(2,111	)	$

Reconciliation of Effective Tax Rate and the Federal Statutory Tax Rate

A reconciliation of the differences between the effective tax rate and the federal statutory tax rate for the years ended December 31, 2016, 2015 and 2014 is as follows:

	2016			2015			2014
Federal statutory tax rate		34.00	%		34.00	%		34.00	%
State income taxes, net of federal income tax benefit		3.43	%		4.41	%		3.37	%
Non-deductible expenses		(1.88	)%		(29.17	)%		5.89	%
Non-deductible stock options and warrants		(13.37	)%		(10.24	)%		4.00	%
Non-deductible tax expense		0.00	%		0.00	%		8.79	%
Prior year adjustments for stock compensation		—			(0.26	)%		(27.93	)%
Other, net		0.73	%		—	%		—	%
Valuation allowance		—			49.49	%		(15.96	)%
Effective tax rate		22.91	%		48.23	%		12.16	%

Current and Non-current Deferred Income Tax Assets and Liabilities

At December 31, 2016 and 2015, our current and non-current deferred income tax assets and liabilities consisted of the following (in thousands):

	2016			2015
Deferred income tax assets (liabilities):
Allowance for doubtful accounts	$	340		$	15,201
Accrued vacation		759			962
Other accruals		84			476
Other		66			29
Net operating loss carry-forwards		12,222			502
AMT credit carry-forward		144			152
Nonqualified stock options and warrants		1,264			1,377
Accumulated depreciation and amortization		(29,852	)		(34,440	)
Net deferred income tax liabilities	$	(14,973	)	$	(15,741	)