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Income Taxes
 12 Months Ended
Dec. 31, 2015
Income Taxes  
Income Taxes

13.Income Taxes

 

The income tax (benefit) provision for each of the three years ended December 31, 2015 comprised the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31, 

 

 

 

2015

 

2014

 

2013

 

Federal income taxes:

    

 

    

    

 

    

 

 

 

 

Current

 

$
102

 

$
(37)

 

$
(356)

 

Deferred

 

 
(72)

 

 
(6)

 

 
113

 

State income taxes:

 

 

 

 

 

 

 

 

 

 

Current

 

 
13

 

 
(26)

 

 
(43)

 

Deferred

 

 
(9)

 

 
(1)

 

 
13

 

Income tax benefit (provision)

 

$
34

 

$
(70)

 

$
(273)

 

 

As of December 31, 2015 and 2014, the Company had $0.6 million and $0.5 million of net deferred tax assets representing basis differences in the assets of the TRS and stock-based compensation attributable to the TRS.

 

Management has evaluated the Company’s income tax positions and concluded that the Company has no uncertain income tax positions as of December 31, 2015 or 2014. The Company is subject to examination by the applicable taxing authorities for the tax years 2013 through 2015.