INCOME TAXES (restated) (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of our effective income tax rate to the amounts calculated by applying the federal statutory corporate tax rate of 35% is as follows (in thousands):



	Years Ended December 31,
	2015					2014					2013
	(Restated)					(Restated)					(Restated)
Tax (benefit) expense at statutory rate	$	(1,510	)	35.0	%	$	8,306		35.0	%	$	(5,987	)	35.0	%
Add (deduct):
Rates different than statutory	(165		)	3.8		—			—		—			—
State income taxes	(2,322		)	53.8		2,792			11.8		1,693			(9.9	)
Nondeductible items	511			(11.8	)	1,304			5.5		970			(5.7	)
Unrecognized tax benefit relating to Warrants	21,006			(486.8	)	1,245			5.2		5,892			(34.4	)
Valuation allowance	(21,057		)	487.9		(10,992		)	(46.3	)	(6,053		)	35.4
Unrecognized tax benefit	390			(9.0	)	369			1.5		(3,732		)	21.8
Derivatives and note discount	—			—		(911		)	(3.8	)	8,369			(48.9	)
Capital loss carryforward expiration	3,485			(80.8	)	—			—		—			—
Depletion	(47		)	1.1		—			—		—			—
Other	488			(11.3	)	43			0.2		16			(0.1	)
Income tax expense from continuing operations	$	779		(18.1	)%	$	2,156		9.1	%	$	1,168		(6.8	)%

Schedule of Components of Income Tax Expense (Benefit)

The amounts of our consolidated federal and state income tax expense (benefit) from continuing operations were as follows (in thousands):



	Years Ended December 31,
	2015			2014			2013
	(Restated)
Current:
Federal	$	10,685		$	487		$	130
State	2,716			1,674			1,144
Foreign	(43		)	—			—
	13,358			2,161			1,274
Deferred:
Federal	$	(8,031	)	$	(5	)	$	—
State	(4,611		)	—			(106		)
Foreign	63			—			—
	(12,579		)	(5		)	(106		)
Income tax expense from continuing operations	$	779		$	2,156		$	1,168

Income tax expense (benefit) was allocated between continuing operations and discontinued operations as follows:



	Years Ended December 31,
	2015			2014		2013
	(Restated)
Continuing operations	$	779		$	2,156	$	1,168
Discontinued operations	(180		)	172		(45		)
Income tax expense	$	599		$	2,328	$	1,123

Schedule of Deferred Tax Assets and Liabilities

We present the effects of those differences as deferred income tax liabilities and assets, as follows (in thousands):



	December 31,
	2015			2014
	(Restated)			(Restated)
Deferred tax assets:
Goodwill and other intangibles	$	4,165		$	6,747
Receivables	1,705			988
Inventory	4,114			4,264
Accrued insurance	5,170			4,021
Depletion	366			490
Deferred revenue	358			332
Stock compensation	769			986
Charitable contribution carryover	—			166
Other accrued expenses	7,465			5,224
Capital loss carryforward expiration	—			3,736
Net operating loss carryforwards	5,699			10,039
Other	2,024			1,507
Total gross deferred tax assets	31,835			38,500
Valuation allowance	(4,131		)	(26,474		)
Net deferred tax assets	27,704			12,026
Deferred income tax liabilities:
Property, plant and equipment, net	21,678			16,566
Total gross deferred tax liabilities	21,678			16,566
Net deferred tax asset (liability)	$	6,026		$	(4,540	)

The allocation of deferred taxes between current and long-term as of December 31, 2015 and 2014 was as follows (in thousands):



	December 31,
	2015		2014
	(Restated)
Current deferred tax asset, net	$	—	$	1,887
Long-term deferred tax asset, net	6,026		—
Long-term deferred tax liability, net	—		6,427
Net deferred tax asset (liability)	$	6,026	$	(4,540	)

Schedule of Unrecognized Tax Benefits Roll Forward

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



	Years Ended December 31,
	2015		2014			2013
	(Restated)		(Restated)			(Restated)
Unrecognized tax benefits at January 1	$	12,098	$	10,711		$	7,273
Additions for tax positions related to current year	22,916		1,715			6,858
Additions for tax positions related to prior years	—		100			393
Reductions due to lapse of statute of limitations	—		(63		)	(3,813		)
Settlements	—		(365		)	—
Unrecognized tax benefits at December 31	$	35,014	$	12,098		$	10,711