Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Components of Income Tax Expense (Benefit)

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

Schedule of Effective Income Tax Reconciliation

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

Schedule of Deferred Tax Assets and Liabilities

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	)