INCOME TAXES INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

INCOME TAXES [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The Company’s federal and state income tax expense (benefit) is summarized in the following table (in thousands):

	Year Ended December 31,
	2013			2012			2011
Current
Federal	$	(866	)	$	(3,759	)	$	(167	)
State	(1,412		)	(676		)	(122		)
Total current	(2,278		)	(4,435		)	(289		)
Deferred
Federal	4,437			121			632
State	379			(125		)	92
Total deferred	4,816			(4		)	724
Total tax (benefit) provision	$	2,538		$	(4,439	)	$	435

Schedule of Deferred Tax Assets and Liabilities

The effect of temporary differences that give rise to a significant portion of deferred taxes is as follows (in thousands):

	December 31,
	2013			2012
Deferred tax assets:
Reserves not currently deductible	$	10,315		$	11,771
Net operating loss carryforwards	39,556			16,287
Goodwill and intangibles (tax deductible)	8,089			7,278
Accrued expenses	148			3,055
Stock based compensation	6,277			3,717
Other	417			1,778
Total deferred tax assets	64,802			43,886
Deferred tax liabilities:
Property basis differences	(506		)	(3,144		)
Indefinite-lived goodwill and intangibles	(16,122		)	(11,306		)
Less: valuation allowance	(63,281		)	(39,727		)
Net deferred tax liability	$	(15,107	)	$	(10,291	)

Schedule of Effective Income Tax Rate Reconciliation

The Company’s reconciliation of the statutory rate to the effective income tax rate is as follows (in thousands):

	Year Ended December 31,
	2013			2012			2011
Tax (benefit) provision at statutory rate	$	(17,874	)	$	(4,473	)	$	4
State tax (benefit) provision, net of federal taxes	(2,419		)	(587		)	36
Non-deductible transaction costs	317			—			—
Penalties	—			—			78
Change in tax contingencies	(1,157		)	(633		)	(675		)
Valuation allowance changes affecting income tax expense	23,493			1,104			778
Other	178			150			214
Tax (benefit) provision	$	2,538		$	(4,439	)	$	435

Schedule of Unrecognized Tax Benefits Roll Forward

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

	Year Ended December 31,
	2013			2012			2011
Unrecognized tax benefits balance at January 1,	$	2,754		$	2,605		$	2,869
Gross increases for tax positions of prior years	—			—			—
Gross increases for tax positions taken in current year	—			636			378
Settlements with taxing authorities	—			—			(212		)
Lapse of statute of limitations	(1,582		)	(487		)	(430		)
Unrecognized tax benefits balance at December 31,	$	1,172		$	2,754		$	2,605