INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

Provision for income taxes on continuing operations

The provision for income taxes for the years ended December 31, 2019, 2018 and 2017 is summarized as follows:


	Year Ended December 31,
	2019		2018		2017
Current:
Federal	$	562	$	3,223	$	3,550
State	278		915		649
	840		4,138		4,199
Deferred:
Federal	1,070		226		1,305
State	175		(12)		186
	1,245		214		1,491
Adjustment to deferred taxes for tax rate change	—		—		(315)
Total income tax expense	$	2,085	$	4,352	$	5,375

Reconciliation of federal statutory rate to effective tax rate

A reconciliation of the federal statutory rate to the effective tax rate for income from continuing operations for the years ended December 31, 2019, 2018 and 2017, respectively, is comprised as follows:


	Year Ended December 31,
	2019		2018		2017
Income tax expense at statutory rate	21.0	%	21.0	%	35.0	%
State income taxes - net of federal benefit	6.8		3.5		3.5
Non-deductible expenses	2.6		0.4		0.3
Transaction costs	41.2		—		—
Tax credits	(1.6)		—		—
Equity compensation	(30.0)		(2.9)		(1.4)
Revaluation of deferred	—		(0.2)		(2.0)
Other adjustments	(0.4)		(0.7)		(0.5)
Total income tax provision	39.6	%	21.1	%	34.9	%

Deferred tax assets and liabilities

The Company’s deferred tax assets and liabilities as of December 31, 2019 and 2018 are summarized below.


	Year Ended December 31,
	2019		2018
Deferred tax assets (liabilities):
Accrued expenses	$	2,670	$	2,964
Allowance for doubtful accounts	869		857
State taxes	27		178
Lease liabilities	83,076		—
Insurance	137		—
Total deferred tax assets	86,779		3,999
Depreciation and amortization	(6,107)		(4,357)
Prepaid expenses	(594)		(240)
Right of use asset	(82,181)		—
Other liabilities	—		(14)
Total deferred tax liabilities	(88,882)		(4,611)
Net deferred tax liabilities, included in other long-term liabilities	$	(2,103)	$	(612)