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INCOME TAXES (Tables)
9 Months Ended
Sep. 30, 2014
Income Tax Disclosure [Abstract]  
Deferred Tax Assets and Liabilities
Deferred tax assets and liabilities are comprised of the following at September 30, 2014 and December 31, 2013:
 
September 30,
2014
 
December 31,
2013
Deferred tax assets:
 
 
 
Accounts receivable and financing receivables
$
1,048,162

 
$
971,132

Accrued vacation
1,254,057

 
1,191,286

Stock-based compensation
760,501

 
491,921

Deferred revenue
232,583

 
48,383

Accrued liabilities and other
166,213

 
155,569

Other comprehensive income
6,629

 

Total deferred tax assets
$
3,468,145

 
$
2,858,291

Deferred tax liabilities:
 
 
 
Other comprehensive income
$

 
$
6,967

Depreciation
1,777,324

 
2,486,032

Total deferred tax liabilities
$
1,777,324

 
$
2,492,999

Component of Income Tax Provision
Significant components of the Company’s income tax provision in the Condensed Consolidated Statements of Income for the nine months ended September 30 are as follows:
 
2014
 
2013
Current provision:
 
 
 
Federal
$
12,954,529

 
$
10,396,557

State
2,507,378

 
1,706,173

Deferred provision:

 

Federal
(1,177,376
)
 
(117,896
)
State
(134,557
)
 
(13,474
)
Total income tax provision
$
14,149,974

 
$
11,971,360

Difference Between Income Taxes at U. S. Federal Statutory Income Tax Rate
The difference between income taxes at the U.S. federal statutory income tax rate of 35% and those reported in the Condensed Consolidated Statements of Income for the nine months ended September 30 is as follows:
 
2014
 
2013
Income taxes at U.S. Federal statutory rate
$
14,114,158

 
$
12,134,483

Provision-to-return adjustments
(161,732
)
 
(210,673
)
State income taxes, net of U.S. Federal tax effect
1,429,720

 
1,234,907

Domestic production activities deduction
(1,299,464
)
 
(1,086,617
)
Tax credits

 
(439,600
)
Uncertain tax positions
25,402

 
389,284

Other
41,890

 
(50,424
)
Total income tax provision
$
14,149,974

 
$
11,971,360