Income Taxes	3 Months Ended
Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	7. INCOME TAXES The Company’s effective tax rate for continuing operations was a benefit of 57% and an expense of 42% in the three month period ended March 31, 2017 and 2016, respectively. The first quarter 2017 tax rate was impacted by the vesting of restricted stock during the quarter which provided for additional income tax deduction in excess of the compensation deducted for US GAAP purposes. This excess tax benefit increased the tax benefit reported on the first quarter loss. As of March 31, 2017, the Company has $6.4 million valuation allowance primarily relating to certain state net operating loss carryforwards that are not likely to be realized in future periods.

Income Taxes

3 Months Ended

Mar. 31, 2017

7. INCOME TAXES

The Company’s effective tax rate for continuing operations was a benefit of 57% and an expense of 42% in the three month period ended March 31, 2017 and 2016, respectively. The first quarter 2017 tax rate was impacted by the vesting of restricted stock during the quarter which provided for additional income tax deduction in excess of the compensation deducted for US GAAP purposes. This excess tax benefit increased the tax benefit reported on the first quarter loss. As of March 31, 2017, the Company has $6.4 million valuation allowance primarily relating to certain state net operating loss carryforwards that are not likely to be realized in future periods.