INCOME TAXES

6 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

INCOME TAXES

The Company’s Federal and state income tax benefit from continuing operations is summarized in the following table (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Current
Federal	$	(120	)	$	(28	)	$	(149	)	$	(273	)
State	184			(6		)	11			(128		)
Total Current	64			(34		)	(138		)	(401		)
Deferred
Federal	262			(81		)	—			(125		)
State	38			(12		)	—			(18		)
Total deferred	300			(93		)	—			(143		)
Total income tax expense (benefit)	$	364		$	(127	)	$	(138	)	$	(544	)

The Company’s reconciliation of the statutory rate from continuing operations to the effective income tax rate is as follows for the three and six months ended June 30, 2012 and 2011 (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Tax benefit at statutory rate	$	(1,375	)	$	(619	)	$	(2,258	)	$	(1,120	)
State tax benefit, net of Federal taxes	(223		)	(92		)	(364		)	(165		)
Change in tax contingencies	5			8			11			13
Valuation allowance changes affecting income tax expense	2,353			514			2,949			607
Other	(396		)	62			(476		)	121
Income tax expense (benefit)	$	364		$	(127	)	$	(138	)	$	(544	)