Income Taxes	9 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	7. INCOME TAXES The Company’s effective tax rate for continuing operations was 41% in the third quarter of 2017 and 34% in the third quarter of 2016. The Company’s effective tax rate for continuing operations was 23% and 37% in the nine month period ended September 30, 2017 and 2016, respectively. The tax rate for the first nine months of 2017 was impacted by the vesting of restricted stock which provided for additional income tax deduction in excess of the compensation deducted for GAAP purposes. This excess tax benefit increased the tax benefit reported on the first quarter loss. As of September 30, 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

9 Months Ended

Sep. 30, 2017

7. INCOME TAXES

The Company’s effective tax rate for continuing operations was 41% in the third quarter of 2017 and 34% in the third quarter of 2016. The Company’s effective tax rate for continuing operations was 23% and 37% in the nine month period ended September 30, 2017 and 2016, respectively.

The tax rate for the first nine months of 2017 was impacted by the vesting of restricted stock which provided for additional income tax deduction in excess of the compensation deducted for GAAP purposes. This excess tax benefit increased the tax benefit reported on the first quarter loss. As of September 30, 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.