INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Components of income tax

The Company’s Federal and state income tax expense (benefit) from continuing operations for the three months and nine months ended September 30, 2014 and 2013 is summarized in the following table (in thousands):

	Three Months Ended   September 30,					Nine Months Ended   September 30,
	2014		2013			2014		2013
Current
Federal	$	—	$	287		$	—	$	(613	)
State	70		(378		)	266		(522		)
Total current	70		(91		)	266		(1,135		)
Deferred
Federal	1,653		275			7,297		1,160
State	207		(197		)	921		(67		)
Total deferred	1,860		78			8,218		1,093
Total income tax expense (benefit)	$	1,930	$	(13	)	$	8,484	$	(42	)

Schedule of Effective Income Tax Rate Reconciliation

The Company’s reconciliation of the statutory rate from continuing operations to the effective income tax rate for the three months and nine months ended September 30, 2014 and 2013 is summarized as follows (in thousands):

	Three Months Ended   September 30,						Nine Months Ended   September 30,
	2014			2013			2014			2013
Tax benefit at statutory rate	$	(12,464	)	$	(8,319	)	$	(25,508	)	$	(14,510	)
State tax expense (benefit), net of Federal taxes	43			(408		)	168			(756		)
Change in tax contingencies	2			11			5			(495		)
Valuation allowance changes affecting income tax expense	14,295			9,206			33,651			15,499
Non-deductible transaction costs and other	54			(503		)	168			220
Income tax expense (benefit)	$	1,930		$	(13	)	$	8,484		$	(42	)