Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Taxes

Significant components of the Companys deferred tax liabilities and assets

	December 31,
	2020		2019
	(In thousands)
Deferred tax liabilities:
Property and equipment	$	4,802	$	5,181
Intangible assets		20,442		20,765
Prepaid expenses		426		376
Total deferred tax liabilities		25,670		26,322
Deferred tax assets:
Allowance for doubtful accounts		89		64
Compensation		824		1,011
Other accrued liabilities		150		95
		1,063		1,170
Less: valuation allowance		—		—
Total net deferred tax assets		1,063		1,170
Net deferred tax liabilities	$	24,607	$	25,152
Current portion of deferred tax assets	$	150	$	388
Non-current portion of deferred tax liabilities		(24,757)		(25,540)
Net deferred tax liabilities	$	(24,607)	$	(25,152)

Significant components of the provision for income taxes

The significant components of the provision for income taxes are as follows:

	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Current:
Federal	$	850	$	2,900	$	2,205
State		400		1,100		835
Total current		1,250		4,000		3,040
Total deferred		(545)		1,420		2,660
Total Income Tax Provision	$	705	$	5,420	$	5,700

Reconciliation of income tax

The reconciliation of income tax at the U.S. federal statutory tax rates to income tax expense (benefit) is as follows:

	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Tax expense (benefit) at U.S. statutory rates	$	(290)	$	3,976	$	4,017
State tax expense, net of federal benefit		235		1,079		1,134
Other, net		760		365		549
	$	705	$	5,420	$	5,700