INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Federal and State Income Tax Expense from Continuing Operations

The Company’s Federal and state income tax expense from continuing operations for the three months and six months ended June 30, 2015 and 2014 is summarized in the following table (in thousands):

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2015			2014			2015			2014
Current
Federal	$	—		$	—		$	—		$	—
State	29			(587		)	30			196
Total current	29			(587		)	30			196
Deferred
Federal	(16,816		)	3,248			(15,188		)	5,644
State	(3,134		)	402			(2,835		)	714
Total deferred	(19,950		)	3,650			(18,023		)	6,358
Total income tax expense (benefit)	$	(19,921	)	$	3,063		$	(17,993	)	$	6,554

Reconciliation of the Statutory Rate to the Effective Income Tax Rate

The Company’s reconciliation of the statutory rate from continuing operations to the effective income tax rate for the three months and six months ended June 30, 2015 and 2014 is summarized as follows (in thousands):

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2015			2014			2015			2014
Tax benefit at statutory rate	$	(92,080	)	$	(5,374	)	$	(96,972	)	$	(13,044	)
State tax expense (benefit), net of Federal taxes	11			(384		)	11			125
Change in tax contingencies	2			—			2			—
Valuation allowance changes affecting income tax expense	31,098			8,755			37,879			19,356
Impairment of goodwill	40,977			—			40,977			—
Non-deductible transaction costs and other	71			66			110			117
Income tax expense (benefit)	$	(19,921	)	$	3,063		$	(17,993	)	$	6,554