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Income Taxes
 12 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
 
The income tax benefit (provision) for each of the three years ended December 31, 2016 comprised the following (in thousands):
 
 
Years Ended December 31, 
 
2016
 
2015
 
2014
Federal income taxes:
    
 
    
 
 
Current
$
(197
)
 
$
102

 
$
(37
)
Deferred
(109
)
 
(72
)
 
(6
)
State income taxes:
 
 
 
 
 
Current
(24
)
 
13

 
(26
)
Deferred
(13
)
 
(9
)
 
(1
)
Income tax benefit (provision)
$
(343
)
 
$
34

 
$
(70
)

 
As of December 31, 2016 and 2015, the Company had $0.5 million and $0.6 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, 2016 and 2015. The Company is subject to examination by the applicable taxing authorities for the tax years 2013 through 2016. For the year ended December 31, 2016, the Company was subject to three separate tax examinations. The Internal Revenue Service ("IRS") is examining the Company's 2014 income tax returns. The Virginia Department of Taxation is examining the Company's Virginia tax returns for the tax years 2013 through 2016, and the North Carolina Department of Revenue is examining the Company's North Carolina sales tax returns for the tax years 2013 through 2016. The North Carolina Department of Revenue sales tax audit was completed in December 2016 resulting in no liability to the Company.