Income Taxes (Tables)

3 Months Ended

Mar. 31, 2017

Income Taxes

Schedule of reconciliation of income tax provision

The income tax provision (credit) differs from the amounts determined by applying the statutory federal income tax rate of 34% to the income (loss) before income tax provision (credit) for the following reasons (dollars in thousands):

	Three Months Ended
	March 31,
	2017		2016
Income tax at federal rate	$	(1,135)	$	88
Increase (decrease) resulting from:
State income taxes, net of federal income tax		(123)		12
Expense not deductible for tax		—		16
Tax credit included in taxable income		93		—
Other permanent differences		52		4
Capital goods excise tax credit		(273)		(14)
Total income tax provision (credit)	$	(1,386)	$	106