TAXES (Tables)

12 Months Ended

Dec. 31, 2014

TAXES.

Schedule of income tax provision (benefit)

The Company’s income tax provision (benefit) consists of the following (in thousands):

	Years ended December 31,
	2014			2013			2012
Federal	$	6,935		$	9,856		$	5,029
State	46			396			259
Current tax provision	6,981			10,252			5,288
Federal	637			(108		)	(209		)
State	(688		)	490			(31		)
Deferred tax (benefit) provision	(51		)	382			(240		)
Total tax provision	$	6,930		$	10,634		$	5,048

Schedule of income tax provision differs from that computed at the federal statutory rate

	Years ended December 31,
	2014		2013		2012
Federal tax at the statutory rate	35.00	%	35.00	%	35.00	%
State tax (net of federal benefit)	(1.84	)%	1.33	%	0.98	%
Permanent items	3.49	%	0.45	%	3.03	%
Tax credits	(1.03	)%	(0.77	)%	(1.44	)%
Other	(2.80	)%	1.18	%	(1.41	)%
	32.82	%	37.19	%	36.16	%

Schedule of components of the deferred income tax assets and liabilities

The components of the deferred income tax assets and liabilities at December 31, 2014 and 2013, as presented in the consolidated balance sheets, are as follows (in thousands):

	2014			2013
DEFERRED TAX ASSETS
Stock-based compensation	$	2,156		$	4,621
Compensation and benefits	744			760
Bad debt reserves	114			134
Accrued expenses	1,663			1,127
Fixed assets and depreciation	1,615			—
Base stock	1			—
NOLs & credit carry-forwards	4,322			4,103
Deferred income tax asset	$	10,615		$	10,745
DEFERRED TAX LIABILITIES
Fixed assets and depreciation	$	—		$	(105	)
Intangibles and amortization	(2,649		)	(3,070		)
Prepaid expenses	(984		)	(907		)
Real estate taxes	(290		)	(285		)
Other Reserves	(24		)	—
Federal deduction on deferred state taxes	(360		)	(119		)
Deferred income tax liability	$	(4,307	)	$	(4,486	)
NET DEFERRED INCOME TAX ASSET	$	6,308		$	6,259

Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

	2014		2013		2012
Balance — Beginning of year	$	—	$	—	$	1,501
Additions based on tax positions of the current year	—		—		—
Additions based on tax positions of prior years	—		—		—
Reductions for settlements	—		—		(1,501		)
Decreases due to lapses in statutes of limitations	—		—		—
Balance — End of year	$	—	$	—	$	—