Note 10 - Income Tax (Tables)

12 Months Ended

Dec. 31, 2015

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	For the Years Ended December 31,
	2013		2014		2015
Federal income taxes
Current	$	210	$	230	$	2,552
Deferred		5,528		2,380		1,661
Total federal tax expense		5,738		2,610		4,213
State income taxes
Current		–		14		366
Deferred		629		561		365
Total state tax expense		629		575		731
Total income tax expense	$	6,367	$	3,185	$	4,944

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	December 31,
	2014			2015
Deferred tax liabilities:
Amortization	$	(14,871	)	$	(16,107	)
Depreciation		(10,358	)		(10,541	)
Prepaid expense		(600	)		(415	)
State net operating loss carryforwards and adjustments		–			(49	)
Other		(14	)		(13	)
Total deferred tax liabilities	$	(25,843	)	$	(27,125	)
Deferred tax assets:
Amortized intangibles	$	502		$	–
State net operating loss carryforwards and adjustments		27			–
Deferred compensation		297			234
Advance payments		286			266
Bad debt		100			169
Other		551			350
Total net deferred tax assets	$	1,763		$	1,019

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	For the Years Ended December 31,
	2013			2014			2015
Federal income tax at statutory rate		35	%		35	%		35	%
Federal income tax provision at statutory rate	$	40,428		$	2,875		$	4,349
State income tax provision, net of federal income tax effects		408			339			475
Cancellation of debt (non-taxable)		(37,681	)		–			–
Restructuring expense		1,974			–			–
Valuation allowance		1,288			–			–
Other		(50	)		(29	)		120
Provision for income taxes	$	6,367		$	3,185		$	4,944
Effective income tax rate		5.5	%		38.8	%		39.8	%