Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Components of Income Tax Benefit

The components of the income tax expense (benefit) for the years ended December 31, consist of the following:

	(in thousands)
Current:	2012		2011			2010
Federal	$	-	$	-		$	158
State		196		204			247
Deferred:
Federal		-		(1,249	)		(5,545	)
State		7		(1,073	)		(431	)
Total expense (benefit)	$	203	$	(2,118	)	$	(5,571	)

Effective Income Tax Rate Reconciliation

Reconciliation between the statutory tax rate and the effective tax rate for the years ended December 31, is as follows:

	(in thousands)
	2012			2011			2010
Income tax benefit at statutory federal rate	$	(5,199	)	$	(13,576	)	$	(6,125	)
Federal income tax effects of:
Non-deductible driver per-diem payments		397			438			752
Non-taxable life insurance transactions		(15	)		(75	)		(10	)
State income taxes and other		(167	)		(907	)		(188	)
Valuation allowance		5,187			12,002			-
Total expense (benefit)	$	203		$	(2,118	)	$	(5,571	)
Effective tax rate		(1.4	)%		5.5	%		31.8	%

Deferred Tax Assets and Liabilities

	(in thousands)
Deferred tax assets:	2012			2011
Insurance claims accruals	$	5,754		$	6,096
Allowance for bad debts		631			1,016
Capital lease obligations		829			1,033
Deferred compensation		403			388
Federal and state net operating loss carry forwards		20,623			15,399
Other		1,273			1,350
Gross deferred tax assets		29,513			25,282
Valuation allowance		(17,077	)		(12,002	)
Total deferred tax assets		12,436			13,280
Deferred tax liabilities:
Capital lease obligations		(780	)		(1,034	)
Depreciation		(7,084	)		(8,687	)
Prepaid expenses		(4,260	)		(3,240	)
Total deferred tax liabilities		(12,124	)		(12,961	)
Net deferred tax assets (liabilities)	$	312		$	319