Income Taxes

The components of the Company’s provision for income taxes were as follows (in thousands):



	Year Ended December 31,
	2013		2012		2011
Current:
Federal	$	17,479	$	11,238	$	—
Foreign, state and local	2,725		2,007		1,438
Deferred:
Federal	7,495		9,491		13,640
Foreign, state and local	785		654		851
Provision for income taxes	$	28,484	$	23,390	$	15,929

The Company’s income tax provision varied from the amounts calculated by applying the U.S. statutory income tax rate to the pretax income as shown in the following reconciliations (in thousands):



	Year Ended December 31,
	2013			2012			2011
Statutory federal rate	$	27,118		$	21,322		$	14,641
Meals and entertainment	227			195			129
State income taxes — net of federal benefit	2,067			1,794			1,344
Tax credit	(130		)	(26		)	(109		)
Canadian income taxes	(68		)	(31		)	(40		)
Preferred dividend	—			—			70
Earn out adjustments	(1,675		)	—			—
Other	945			136			(106		)
Total	$	28,484		$	23,390		$	15,929

The tax rate effects of temporary differences that give rise to significant elements of deferred tax assets and deferred tax liabilities as of December 31 were as follows (in thousands):



	2013			2012
Current deferred income tax assets:
Accounts receivable	1,407			1,304
Accounts payable and accrued expenses	440			2,496
Total	$	1,847		$	3,800
Noncurrent deferred income tax assets (liabilities):
Net operating losses	$	557		$	730
Goodwill	(39,588		)	(27,878		)
Property and equipment	(20,411		)	(14,885		)
Deferred Compensation	1,018			1,294
Total	$	(58,424	)	$	(40,739	)

The Company had $6.6 million and $6.9 million of current deferred tax assets and $4.8 million and $3.1 million of current deferred tax liabilities as of December 31, 2013 and 2012, respectively. The net current deferred income tax assets of $1.8 million as of December 31, 2013 and $3.8 million as of December 31, 2012 is classified as deferred income taxes in the consolidated balance sheet. The Company had $68.7 million and $49.9 million of noncurrent deferred tax assets and $127.2 million and $90.6 million of noncurrent deferred tax liabilities as of December 31, 2013 and 2012, respectively. The net noncurrent deferred income tax liability of $58.4 million as of December 31, 2013 and $40.7 million as of December 31, 2012 is classified in the consolidated balance sheets as a component of other long-term liabilities.

There were no unrecognized tax benefits recorded as of December 31, 2013 and 2012. It is the Company’s policy to recognize interest and penalties related to unrecognized tax benefits within the income tax expense line in the accompanying consolidated statements of operations. Income tax related interest and penalties were immaterial as of December 31, 2013 and 2012. The Company is subject to federal and state tax examinations for all tax years subsequent to December 31, 2009. Although the pre-2010 years are no longer subject to examinations by the Internal Revenue Service ("IRS") and various state taxing authorities, net operating loss carryforwards generated in those years were used by the Company during 2012 and 2013 and may still be adjusted upon examination by the IRS or state taxing authorities if they were used after 2009 or will be used in a future period.