INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Federal and state income tax expense (benefit)

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

	Year Ended December 31,
	2014			2013			2012
Current
Federal	$	(886	)	$	(866	)	$	(6,095	)
State	(41		)	(1,412		)	(990		)
Total current	(927		)	(2,278		)	(7,085		)
Deferred
Federal	9,951			4,424			97
State	2,367			377			(129		)
Total deferred	12,318			4,801			(32		)
Total tax provision (benefit)	$	11,391		$	2,523		$	(7,117	)

Effect of temporary differences that give rise to significant portion of deferred taxes

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

	December 31,
	2014			2013
Deferred tax assets:
Reserves not currently deductible	$	28,424		$	9,785
Net operating loss carryforwards	65,097			39,265
Goodwill and intangibles (tax deductible)	8,499			7,556
Accrued expenses	38			—
Property basis differences	301			—
Stock based compensation	8,201			6,277
Other	610			417
Total deferred tax assets	111,170			63,300
Deferred tax liabilities:
Property basis differences	—			(496		)
Accrued expenses	—			(679		)
Indefinite-lived goodwill and intangibles	(21,272		)	(9,969		)
Less: valuation allowance	(111,170		)	(61,110		)
Net deferred tax liability	(21,272		)	(8,954		)
Less: Amount included in accrued expenses and other current liabilities	(2,214		)	(2,019		)
Deferred taxes	$	(19,058	)	$	(6,935	)

Reconciliation of the statutory rate to the effective income tax rate

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

	Year Ended December 31,
	2014			2013			2012
Tax (benefit) provision at statutory rate	$	(46,197	)	$	(18,107	)	$	(6,788	)
State tax (benefit) provision, net of federal taxes	(3,704		)	(2,459		)	(901		)
Valuation allowance changes affecting income tax expense	61,227			23,762			1,077
Change in tax contingencies	(109		)	(1,157		)	(633		)
Non-deductible transaction costs	—			317			—
Other	174			167			128
Tax provision (benefit)	$	11,391		$	2,523		$	(7,117	)

Reconciliation of beginning and ending amount of gross unrecognized tax benefits

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

	Year Ended December 31,
	2014			2013			2012
Unrecognized tax benefits balance at January 1,	$	1,172		$	2,754		$	2,605
Gross increases for tax positions taken in current year	—			—			636
Lapse of statute of limitations	(76		)	(1,582		)	(487		)
Unrecognized tax benefits balance at December 31,	$	1,096		$	1,172		$	2,754