INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of components of the income tax provision (benefit)

The components of the income tax benefit are as follows (in thousands):



	Year Ended December 31,
	2013			2012
Current income tax benefit:
Federal	$	(425	)	$	(1,358	)
State	(92		)	(33		)
Current income tax benefit	(517		)	(1,391		)
Deferred income tax provision (benefit):
Federal	63			147
State	1			(239		)
Deferred income tax provision (benefit)	64			(92		)
Income tax benefit	$	(453	)	$	(1,483	)

Schedule of reconciliation of total income tax provision to amounts computed by applying statutory federal income tax rate to loss from continuing operations before income taxes

A reconciliation of the income tax benefit to the amounts computed by applying the statutory federal income tax rate to loss from continuing operations before income taxes is shown as follows (in thousands):



	Year Ended December 31,
	2013			2012
Income tax benefit at the federal statutory rate of 35%	$	(394	)	$	(1,306	)
State income taxes, net of effect of federal tax benefit	(60		)	(177		)
Other, net	1			—
Income tax benefit	$	(453	)	$	(1,483	)

Schedule of components of the deferred tax assets and deferred tax liabilities

The tax effects of cumulative temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows (in thousands):



	December 31,
	2013			2012
Deferred tax assets:
Provision for accrued expenses	$	13,009		$	11,681
Net operating loss carryforwards ^(a)	26,365			28,404
Non-cash compensations expense	2,753			2,285
Goodwill	1,825			1,829
Intangible and other assets	49			811
Other	1,125			5,442
Total gross deferred tax assets	45,126			50,452
Less: valuation allowance ^(b)	(49,674		)	(54,961		)
Total deferred tax assets, net of the valuation allowance	(4,548		)	(4,509		)
Deferred tax liabilities:
Other	(194		)	(169		)
Total gross deferred tax liabilities	(194		)	(169		)
Net deferred taxes	$	(4,742	)	$	(4,678	)

(a)

At December 31, 2013 and 2012, the Company had pre-tax consolidated federal net operating losses ("NOLs") of $30.1 million and $24.2 million, respectively. The 2013 carryforward amount excludes $8.0 million of windfall tax benefits, which will be recorded to additional paid in capital when realized. The federal NOLs will expire between 2031 and 2033. In addition, the Company has separate state NOLs of approximately $300.7 million at December 31, 2013 that will expire at various times between 2014 and 2033.


(b)	The valuation allowance is related to items for which it is "more likely than not" that the tax benefit will not be realized.

Deferred income taxes are presented in the accompanying consolidated balance sheets as follows (in thousands):



	December 31,
	2013			2012
Deferred tax assets	$	107		$	16
Deferred tax liabilities	(4,849		)	(4,694		)
Net deferred taxes	$	(4,742	)	$	(4,678	)

Schedule of reconciliation of beginning and ending amounts of unrecognized tax benefits, excluding interest

A reconciliation of the beginning and ending amounts of unrecognized tax benefits, excluding interest and penalties, is as follows (in thousands):



	Year Ended December 31,
	2013		2012
Balance, beginning of the period	$	—	$	3
Additions based on tax positions of prior years	36		—
Lapse of statute of limitations	—		(3		)
Balance, end of the period	$	36	$	—