Income Taxes	3 Months Ended
Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	7. INCOME TAXES The Company’s effective tax rate for continuing operations was a benefit of 69% and 57% in the three month period ended March 31, 2018 and 2017, respectively. The first quarter 2018 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 deduction for US GAAP purposes. This excess tax benefit increased the tax benefit reported on the first quarter loss. As of March 31, 2018, the Company has $7.1 million valuation allowance primarily relating to certain state net operating loss carryforwards that are not likely to be realized in the future periods.

Income Taxes

3 Months Ended

Mar. 31, 2018

7. INCOME TAXES

The Company’s effective tax rate for continuing operations was a benefit of 69% and 57% in the three month period ended March 31, 2018 and 2017, respectively. The first quarter 2018 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 deduction for US GAAP purposes. This excess tax benefit increased the tax benefit reported on the first quarter loss. As of March 31, 2018, the Company has $7.1 million valuation allowance primarily relating to certain state net operating loss carryforwards that are not likely to be realized in the future periods.