Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes

Schedule of current and deferred income tax (expense) benefit from continuing operations

	Years ended December 31,
	2014			2013			2012
Current:
Federal	$	(2,273,000	)	$	(1,869,000	)	$	(136,000	)
State	(744,000		)	(892,000		)	(866,000		)
	(3,017,000		)	(2,761,000		)	(1,002,000		)
Deferred:
Federal	703,000			773,000			(2,520,000		)
State	178,000			63,000			31,000
	881,000			836,000			(2,489,000		)
Total income tax expense	$	(2,136,000	)	$	(1,925,000	)	$	(3,491,000	)

Schedule of reconciliation of the effective income tax rate with the applicable statutory federal income tax rate

	Years ended December 31,
	2014		2013		2012
Federal tax at statutory rate	35.0	%	35.0	%	35.0	%
State taxes, net of federal benefit	6.1	%	13.4	%	6.9	%
Valuation allowance	0.9	%	0.1	%	(0.4	)%
Non-deductible stock based compensation	—		1.6	%	1.6	%
Other	(1.6	)%	(1.4	)%	0.2	%
Effective income tax rate	40.4	%	48.7	%	43.3	%

Schedule of deferred income tax assets and liabilities

	2014			2013
Deferred income tax assets:
Accruals not currently deductible for income taxes	$	2,985,000		$	1,846,000
Net operating loss carry-forwards	10,948,000			11,070,000
Total deferred income tax assets	13,933,000			12,916,000
Valuation allowance	(10,404,000		)	(10,360,000		)
Net deferred income tax assets	3,529,000			2,556,000
Deferred income tax liabilities:
Depreciation	(18,033,000		)	(19,070,000		)
Total deferred income tax liabilities	(18,033,000		)	(19,070,000		)
Net deferred income tax liability	$	(14,504,000	)	$	(16,514,000	)
Amounts recognized in the consolidated balance sheets:
Current deferred income tax assets	$	79,000		$	76,000
Noncurrent deferred income tax assets	580,000			336,000
Noncurrent deferred income tax liabilities	(15,163,000		)	(16,926,000		)
	$	(14,504,000	)	$	(16,514,000	)