(2) Income Taxes

The following table shows the components of the Company’s income tax (provision) benefit (in thousands):

	Years ended December 31,
	2013			2012			2011
Current:
Federal	$	(8,102	)	$	(10,282	)	$	(4,336	)
State		(892	)		(1,176	)		(1,187	)
		(8,994	)		(11,458	)		(5,523	)
Deferred:
Federal		(2,682	)		(4,940	)		(7,407	)
State		(478	)		(438	)		99
		(3,160	)		(5,378	)		(7,308	)

	$	(12,154	)	$	(16,836	)	$	(12,831	)

The following table summarizes the components of the income tax (provision) benefit (in thousands):

	Years ended December 31,
	2013			2012			2011
From continuing operations	$	(12,429	)	$	(16,664	)	$	(12,717	)
From discontinued operations		275			(172	)		(114	)
	$	(12,154	)	$	(16,836	)	$	(12,831	)

Taxes computed at the corporate federal income tax rate reconcile to the reported income tax (provision) as follows (in thousands):

	Years ended December 31,
	2013			2012			2011
Statutory federal income tax (provision) benefit	$	(11,819	)	$	(15,619	)	$	(12,517	)
State income tax (provision) benefit		(891	)		(1,049	)		(707	)
Federal statutory depletion		522			36			393
Other		34			(204	)		-
	$	(12,154	)	$	(16,836	)	$	(12,831	)

Deferred income taxes reflect the net difference between the financial statement carrying amounts and the underlying income tax basis in such items. The components of the federal deferred tax asset (liability) are as follows (in thousands):

	Years Ended December 31,
	2013			2012
Current deferred tax asset (liability)
Allowance for doubtful accounts	$	424		$	581
Prepaid and other insurance		(855	)		(815	)
Fair value contracts		73			(6	)
Net current deferred liability		(358	)		(240	)

Long-term deferred tax asset (liability)
Property		(18,964	)		(15,957	)
Uniform capitalization		613			552
Other		(283	)		(221	)
Net long-term deferred tax liability		(18,634	)		(15,626	)
Net deferred tax liability	$	(18,992	)	$	(15,866	)

Financial statement recognition and measurement of positions taken, or expected to be taken, by an entity in its income tax returns must consider the uncertainty and judgment involved in the determination and filing of income taxes. Tax positions taken in an income tax return that are recognized in the financial statements must satisfy a more-likely-than-not recognition threshold, assuming that the tax position will be examined by taxing authorities with full knowledge of all relevant information. The Company has no significant unrecognized tax benefits. Interest and penalties associated with income tax liabilities are classified as income tax expense.

The earliest tax years remaining open for audit for Federal and major states of operations are as follows:

	Earliest Open
	Tax Year

Federal	2010
Texas	2009
Louisiana	2010
Michigan	2010