Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Taxes

Schedule of current and deferred income tax (expense) benefit

	Years ended December 31,
	2018		2017		2016
Current:
Federal	$	(2,461,000)	$	(1,835,000)	$	(2,456,000)
State		(683,000)		(562,000)		(794,000)
		(3,144,000)		(2,397,000)		(3,250,000)
Deferred:
Federal		929,000		4,353,000		520,000
State		37,000		(67,000)		141,000
		966,000		4,286,000		661,000
Total income tax (expense) benefit	$	(2,178,000)	$	1,889,000	$	(2,589,000)

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

	Years ended December 31,
	2018		2017		2016
Federal tax at statutory rate	21.0	%	35.0	%	35.0	%
State taxes, net of federal benefit	19.8	%	8.8	%	36.0	%
Valuation allowance	(14.2)	%	(2.5)	%	(29.2)	%
Tax Cuts and Jobs Act	—		(69.3)	%	—
Other	(2.6)	%	(0.9)	%	(1.3)	%
Effective income tax rate	24.0	%	(28.9)	%	40.5	%

Schedule of deferred income tax assets and liabilities

	2018		2017
Deferred income tax assets:
Accruals not currently deductible for income taxes	$	1,524,000	$	1,906,000
Net operating loss carry-forwards		7,602,000		8,928,000
Total deferred income tax assets		9,126,000		10,834,000
Valuation allowance		(7,005,000)		(8,291,000)
Net deferred income tax assets		2,121,000		2,543,000
Deferred income tax liabilities:
Depreciation		(10,492,000)		(11,216,000)
Total deferred income tax liabilities		(10,492,000)		(11,216,000)
Net deferred income tax liability	$	(8,371,000)	$	(8,673,000)
Amounts recognized in the consolidated balance sheets:
Noncurrent deferred income tax liabilities	$	(8,371,000)	$	(8,673,000)