INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

A summary of the benefit for income taxes is as follows:


	Fiscal Year Ended December 31,
	2019		2018		2017
Federal
Current	$	(951)	$	(1,902)	$	—

Deferred	(699)		1,255		(15,614)
	(1,650)		(647)		(15,614)
State
Current	321		2,575		301
Current benefit of loss carryforwards	—		(2,307)		(28)
Deferred	(545)		(5)		88
	(224)		263		361
Benefit for income taxes	$	(1,874)	$	(384)	$	(15,253)

Schedule of Difference in Benefit for Income Taxes

The differences in the benefit for income taxes and the amounts determined by applying the Federal statutory rate to income before provision for income taxes are as follows:


	Fiscal Year Ended December 31,
	2019			2018			2017
Federal statutory rate	21		%	21		%	35		%
Tax at statutory rate	$	6,254		$	1,268		$	(12,968)
State income taxes, net of federal benefit	(161)			(89)			(1,959)
Decrease in net federal deferred tax assets before valuation allowance change due to federal rate change	—			—			33,700
Decrease in valuation allowance by 80% of indefinite lived deferred liabilities due to US tax reform	—			—			(12,758)
Other changes in valuation allowance, including the federal rate change in fiscal year 2017	(978)			(1,613)			(18,848)
Deductible stock awards	(7,235)			(2,048)			(1,825)
Non-deductible expenses	638			633			542
Non-deductible officer compensation	314			2,214			—

Tax credits	(82)			(686)			(1,000)



Other, net	(624)			(63)			(137)
Benefit for income taxes	$	(1,874)		$	(384)		$	(15,253)

Schedule of Deferred Tax Assets and Liabilities


	December 31,
	2019		2018
Deferred tax assets:
Net operating loss carryforwards	$	45,900	$	31,241
Accrued expenses and reserves	36,342		34,647
General business tax credit carryforwards	6,273		6,192
Book over tax depreciation of property and equipment	2,882		19,048
Unrealized loss on hedges and swaps	1,768		—
Stock awards	1,746		2,310
Alternative minimum tax credit carryforwards	951		1,902

Other	2,576		3,023
Total deferred tax assets	98,438		98,363
Less: valuation allowance	(69,402)		(69,189)
Total deferred tax assets after valuation allowance	29,036		29,174
Deferred tax liabilities:
Amortization of intangibles	(22,910)		(22,026)
Other	(192)		(73)
Total deferred tax liabilities	(23,102)		(22,099)
Net deferred tax asset	$	5,934	$	7,075

Schedule of Reconciliation of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:


	Fiscal Year Ended December 31,
	2019		2018
Unrecognized tax benefits at beginning of period	$	2	$	1,941


Reductions resulting from lapse of statute of limitations	(1)		(1,939)


Unrecognized tax benefits at end of period	$	1	$	2