Income Taxes (Tables)

6 Months Ended

Jun. 30, 2017

Income Taxes

Schedule of reconciliation of income tax provision (benefit)

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Income tax at federal rate	$	(1,999)	$	818	$	(3,134)	$	906
Increase (decrease) resulting from:
State income taxes, net of federal income tax		(233)		134		(356)		146
Expense not deductible for tax		—		144		—		160
Tax credit included in taxable income		99		—		192		—
Other permanent differences		20		101		72		105
Capital goods excise tax credit		(289)		(237)		(562)		(251)
Total income tax provision (benefit)	$	(2,402)	$	960	$	(3,788)	$	1,066