(4) Income Taxes (in thousands)

Our income tax is different than the expected amount computed using the applicable federal and state statutory income tax rates. The reasons for and effects of such differences for the years ended December 31 are below:



		2014			2013
Expected amount	$	3,745		$	10,359
Change in Indiana rate		(1,407	)
State income taxes, net of federal benefit		186			877
Percentage depletion		(1,996	)		(3,826	)
Stock-based compensation		343
Captive insurance		(419	)		(419	)
Other		30			184
	$	482		$	7,175

The deferred tax assets and liabilities resulting from temporary differences between book and tax basis are comprised of the following at December 31:



		2014			2013
Long-term deferred tax assets:
Stock-based compensation	$	347		$	372
Investment in Savoy		1,227			1,885
Oil and gas properties		(2,234	)		913
Alternative minimum tax credit		4,043
Net long-term deferred tax assets		3,383			3,170
Long-term deferred tax liabilities:
Coal properties		(44,964	)		(46,474	)
Net deferred tax liability	$	41,581		$	43,304

We have analyzed our filing positions in all of the federal and state jurisdictions where we are required to file income tax returns, as well as all open tax years in these jurisdictions. We identified our federal tax return and our Indiana state tax return as “major” tax jurisdictions. During 2012 the IRS completed an examination of our 2009 and 2010 federal tax returns and there were no significant adjustments. During 2012 the State of Indiana completed their examination of our 2008-2010 returns and no adjustments were proposed. We believe that our income tax filing positions and deductions will be sustained on audit and do not anticipate any adjustments that will result in a material change to our consolidated financial position.