11.	INCOME TAXES

Components of the provision for income taxes from continuing operations were as follows:

	Year Ended December 31,
	2011			2010			2009
Current:
Federal	$	7,209		$	37,320		$	29,817
State		2,636			8,701			8,187
Total		9,845			46,021			38,004

Deferred:
Federal		3,312			2,742			(1,651	)
State		(112	)		(311	)		(1,485	)
Total		3,200			2,431			(3,136	)

Total provision	$	13,045		$	48,452		$	34,868

The components of the deferred tax assets are as follows:

	At December 31,
	2011			2010
Deferred tax assets
Current:
Accrued vacation	$	63		$	126
Net operating loss carryforwards		586			420
Allowance for bad debts		8,076			10,511
Total current deferred tax assets		8,725			11,057

Deferred tax assets
Noncurrent:
Allowance for bad debts		665			186
Accrued rent		3,645			3,311
Stock-based compensation		1,855			1,728
Depreciation		-			3,549
Other intangibles		511			-
Prepaid pension asset		2,637			1,124
Net operating loss carryforwards		2,139			2,890
Sale leaseback-deferred gain		2,438			2,318
Other		120			165
Total noncurrent deferred tax assets		14,010			15,271

Deferred tax liabilities
Noncurrent:
Depreciation		(1,995	)		-
Other intangibles		-			(2,333	)
Goodwill		(10,138	)		(11,414	)
Total deferred tax liabilities		(12,133	)		(13,747	)
Total net noncurrent deferred tax assets		1,877			1,524
Total net deferred tax assets	$	10,602		$	12,581

The difference between the actual tax provision and the tax provision that would result from the use of the Federal statutory rate is as follows:

	Year Ended December 31,
	2011				2010					2009
Income from continuing operations before taxes	$	30,585			$	118,183				$	84,107

Expected tax	$	10,705	35.0	%	$	41,364		35.0	%	$	29,438	35.0	%
State tax expense (net of federal benefit)		1,640	5.4			5,454		4.6			4,356	5.2
Permanent impairment		475	1.6			2,185		1.9			-	-
Other		225	0.7			(551	)	(0.5	)		1,074	1.3
Total	$	13,045	42.7	%	$	48,452		41.0	%	$	34,868	41.5	%

The Company has net operating loss (“NOL”) carryforwards at December 31, 2011 of approximately $7.8 million for federal income tax purposes, which begin expiring in 2025. These NOLs are limited in the amount that can be utilized in a given year due to a Section 382 limitation. The Company has determined based upon its history of profits and its forecasted financial information that it will be able to fully utilize these NOLs prior to their expiration. As such, a valuation allowance is not required.

The following table summarizes the activity related to the Company's uncertain tax positions:

	Year Ended December 31,
		2011		2010			2009
Balance at January 1,	$	100	$	200		$	100
Gross (decreases) increases for tax positions of prior years		-		(100	)		100
Balance at December 31,	$	100	$	100		$	200

Included in the balance of unrecognized tax benefits at December 31, 2011 and 2010 are unrecognized tax benefits of $0.1 million, respectively, of which $0.1 million would be reflected as an adjustment to income tax expense if recognized. It is expected that the amount of unrecognized tax benefits will change in the next 12 months; however, the Company does not expect the change to have a significant impact on its results of operations or financial position.

The Company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense. During the years ended December 31, 2011 and 2010, the interest and penalties expense associated with uncertain tax positions are not significant to its results of operations or financial position.

The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various states. The Company is no longer subject to U.S. federal income tax examinations for years before 2008 and generally, is no longer subject to state and local income tax examinations by tax authorities for years before 2007.