Income Taxes	6 Months Ended
Jun. 30, 2013
Income Taxes [Abstract]
Income Taxes	Note 8. Income Taxes We recorded a tax provision of $50,000 on our $3.9 million of income before taxes and equity in net loss of unconsolidated entities for the six months ended June 30, 2013. For the first six months of 2012 our income tax provision was $276,000 on our $8.3 million of income before taxes and equity in net loss of unconsolidated entities. These provision amounts represent tax on our qualifying U.S. flag vessels operating in International Trade, which continue to be taxed under the “tonnage tax” provisions, rather than the normal U.S. corporate income tax provisions, our Jones Act segment as well as state income taxes paid, and foreign income tax withholdings or refunds. We established a valuation allowance against deferred tax assets in 2010 because, based on available information, we could not conclude that it was more likely than not that the full amount of deferred tax assets generated primarily by net operating loss carryforwards and alternative minimum tax credits would be realized through the generation of taxable income in the near future. We have evaluated, and will continue to evaluate, the need for a valuation allowance on an annual basis, particularly in light of the favorable impact of our 2012 acquisition of UOS. Later this year, we intend to re-assess our $9.8 million valuation allowance. When management determines that the deferred income tax assets are realizable, we will reverse the valuation allowance in that period. For further information on certain tax laws and elections, see our Annual Report on Form 10-K filed for the year ended December 31, 2012, including “Note J - Income Taxes” to the consolidated financial statements included therein.

Income Taxes

6 Months Ended

Jun. 30, 2013

Note 8. Income Taxes

We recorded a tax provision of $50,000 on our $3.9 million of income before taxes and equity in net loss of unconsolidated entities for the six months ended June 30, 2013. For the first six months of 2012 our income tax provision was $276,000 on our $8.3 million of income before taxes and equity in net loss of unconsolidated entities. These provision amounts represent tax on our qualifying U.S. flag vessels operating in International Trade, which continue to be taxed under the “tonnage tax” provisions, rather than the normal U.S. corporate income tax provisions, our Jones Act segment as well as state income taxes paid, and foreign income tax withholdings or refunds.

We established a valuation allowance against deferred tax assets in 2010 because, based on available information, we could not conclude that it was more likely than not that the full amount of deferred tax assets generated primarily by net operating loss carryforwards and alternative minimum tax credits would be realized through the generation of taxable income in the near future. We have evaluated, and will continue to evaluate, the need for a valuation allowance on an annual basis, particularly in light of the favorable impact of our 2012 acquisition of UOS. Later this year, we intend to re-assess our $9.8 million valuation allowance. When management determines that the deferred income tax assets are realizable, we will reverse the valuation allowance in that period.

For further information on certain tax laws and elections, see our Annual Report on Form 10-K filed for the year ended December 31, 2012, including “Note J - Income Taxes” to the consolidated financial statements included therein.