INCOME TAXES - (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Components of Income Tax Expense (Benefit)

The components of provision for income taxes included in the unaudited condensed consolidated statements of operations for the three and six months ended June 30, 2015 and 2014 were as follows (in thousands):



	For the Three Months Ended June 30, 2015			For the Three Months Ended June 30, 2014		For the Six Months Ended June 30, 2015			For the Six Months Ended June 30, 2014
Current expense
Federal	$	—		$	—	$	—		$	—
State and local	68			119		133			238
Total current expense	$	68		$	119	$	133		238
Deferred expense
Federal	$	1,371		$	—	$	1,256		$	—
State and local	(339		)	—		(44		)	—
Total deferred expense	1,032			—		1,212			—
Total	$	1,100		$	119	$	1,345		$	238

Schedule of Effective Income Tax Rate Reconciliation

NOTE 9—INCOME TAXES (Continued)

The following table summarizes the differences between the statutory federal income tax rate and the Company’s effective income tax rate (percent data):



	For the Three Months Ended June 30, 2015		For the Three Months Ended June 30, 2014		For the Six Months Ended June 30, 2015		For the Six Months Ended June 30, 2014
U.S. federal statutory income tax rate	35.0	%	35.0	%	35.0	%	35.0	%
Increase (decrease) in tax rate resulting from:
State and local income taxes net of federal benefit	(1.2	)	—		0.2		—
Uncertain tax positions	—		(0.5	)	0.1		(1.4	)
Permanent book/tax differences	(10.0	)	—		(10.7	)	—
Change in tax rate	—		—		0.1		—
Non-controlling interest	(16.7	)	(35.0	)	(17.5	)	(35.0	)
Other	0.1		—		(0.2	)	—
Effective tax rate	7.2	%	(0.5	)%	7.0	%	(1.4	)%

Schedule of Deferred Tax Assets and Liabilities

The following table summarizes the tax effects comprising the Company’s net deferred tax assets and liabilities (in thousands):



	June 30, 2015			December 31, 2014
Deferred Tax Assets
Net operating loss carryforwards	$	8,644		$	2,535
Bad debt expense	329			336
Accrued liabilities	334			902
Equity-based compensation	203			139
Gain on interest rate swap	(34		)	—
Insurance/parts reserves	553			543
Straight-line rent adjustment	99			100
Uncertain tax positions	108			104
Subtotal	10,236			4,659
Less: valuation allowance	—			—
Total deferred tax assets	$	10,236		$	4,659
Deferred Tax Liabilities
Intangible assets	$	(3,151	)	$	(2,841	)
Deferred debt costs	(295		)	(230		)
Depreciation	(13,407		)	(6,993		)
Total deferred tax liability	$	(16,853	)	$	(10,064	)

Deferred Tax Liability, net	$	(6,617	)	$	(5,405	)