INCOME TAX PROVISION (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Schedule of Income Tax (Benefit) Expense Provision

Applicable income tax (benefit) expense provision is as follows:

	(In thousands)
	2012			2011			2010
Current:
Federal	$	5,446		$	508		$	9
State	137			18			137
	5,583			526			146
Deferred	(5,669		)	(308		)	7,668
Total provision for income taxes	$	(86	)	$	218		$	7,814

Schedule of Deferred Tax Assets and Liabilities

The net deferred tax liabilities shown on the balance sheet as of December 31, 2012 and 2011 are as follows:

	(In thousands)
	2012			2011
Deferred taxes – current liability	$	(1,429	)	$	(1,591	)
Deferred taxes – long term liability	(29,700		)	(17,430		)
Deferred taxes – current assets	3,149			1,193
Deferred taxes – long term assets	13,608			2,348
Net Deferred Tax Liability	$	(14,372	)	$	(15,480	)

Deferred tax assets and liabilities, shown as the sum of the appropriate tax effect for each significant type of temporary differences as of December 31, 2012 and 2011, are as follows:

	(In thousands)
	2012 Deferred Tax					2011 Deferred Tax
	Asset		Liability			Asset		Liability
Net operating loss	$	7,231	$	—		$	212	$	—
Accrued compensation	2,783		—			1,108		—
Stock based compensation	2,777
Tenant Improvement allowance	3,097
Other deferred tax assets	861		—			2,201		—
Tax credits	8		—			20		—
Deferred revenue	—		(1,290		)	—		(1,404		)
Prepaid expenses	—		(139		)	—		(187		)
Depreciation	—		(6,138		)	—		(1,958		)
Intangible assets amortization	—		(23,562		)	—		(15,472		)
	$	16,757	$	(31,129	)	$	3,541	$	(19,021	)
Net deferred liability			$	(14,372	)			$	(15,480	)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the difference between the statutory federal income tax rate and the effective tax rate for the Company for the years ended December 31, 2012, December 31, 2011 and December 31, 2010 is as follows:

	Percent of Pre-tax Income
	2012		2011		2010
Tax expense computed at statutory rate	35.0	%	35.0	%	35.0	%
State income taxes net of federal income tax benefit	(60.8	)%	(12.3	)%	5.0	%
Meals and entertainment – non-deductible	14.4	%	18.6	%	0.2	%
Non-deductible acquisition costs	18.4	%	12.1	%	1.3	%
Provision to return	(2.2	)%	(11.8	)%	—	%
Prior year tax credit	(13.8	)%	(12.6	)%	(0.6	)%
Income tax (benefit) provision	(9.0	)%	29.0	%	40.9	%

Summary of Income Tax Examinations

As of December 31, 2012, the following tax years remained subject to examination by the major tax jurisdictions indicated:

Major Jurisdictions	Open Years
United States	2001 through 2011
California	2001 through 2011
Florida	2009 through 2011
Maryland	2009 through 2011
Massachusetts	2009 through 2011
Virginia	2010 through 2011