INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Federal and State Income Tax Provision (Benefit)

The Company’s federal and state income tax provision from continuing operations for the three months ended March 31, 2018 and 2017 is summarized in the following table (in thousands):

	Three Months Ended   March 31,
	2018		2017
Current
Federal	$	—	$	—
State	17		—
Total current	17		—
Deferred
Federal	—		495
State	31		124
Total deferred	31		619
Total income tax expense	$	48	$	619

Reconciliation of the Income Tax Rate

The Company’s reconciliation of the statutory rate from continuing operations to the effective income tax rate for the three months ended March 31, 2018 and 2017 is summarized as follows (in thousands):

	Three Months Ended   March 31,
	2018			2017
Tax benefit at statutory rate	$	(2,729	)	$	(6,445	)
State tax expense, net of federal taxes	48			36
Alternative minimum tax receivable	—			—
Valuation allowance changes affecting income tax provision	3,419			6,976
Non-deductible transaction costs and other	(690		)	52
Income tax expense	$	48		$	619