XML 23 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
(8) Income Taxes
9 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]  
(8) Income Taxes

(8)  Income Taxes

A valuation allowance against deferred tax assets is required to be established or maintained when it is "more likely than not" that all or a portion of deferred tax assets will not be realized. The Company believes that it will generate sufficient future taxable income to realize the tax benefits related to the remaining deferred tax assets and as such no valuation allowance has been provided against the deferred tax asset.

 

            The Company recorded a tax expense of $5 thousand and tax benefit of $495 thousand for federal income taxes and a tax expense of $2 thousand and a tax benefit of $128 thousand for state income taxes during the three and nine months ended September 30, 2017, respectively.

 

The Company recorded a tax benefit of $146 thousand and $178 thousand for federal income taxes and a tax benefit of $50 thousand and $59 thousand for state income taxes during the three and nine months ended October 1, 2016, respectively.