INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

INCOME TAXES

Summary of provision (benefit) for income taxes for continuing operations

The provision for income taxes is summarized as follows (amounts in thousands):

	2016		2015
Federal: Current	$	613	$	(71)
Deferred		1,284		737
State:     Current		2		2
Deferred		249		113
	$	2,148	$	781

Schedule of difference between the tax rate for continuing operations on income or loss for financial statement purposes and the federal statutory tax rate

	2016		2015
Statutory tax rate	34.0	%	34.0	%
Percentage depletion	(1.8)		(4.0)
Non-deductible expenses	1.0		2.0
Valuation allowance for tax assets	1.0		(4.9)
State income taxes, net of federal benefit	4.2		5.7
Expiring charitable contributions	—		2.6
Domestic production deduction	(0.8)		—
Other	(0.8)		0.2
	36.8	%	35.6	%

Schedule of principal temporary differences and the related deferred taxes

The principal temporary differences and their related deferred taxes are as follows (amounts in thousands):

	2016		2015
Deferred tax assets
Reserves for self-insured losses	$	579	$	605
Accrued reclamation		1,945		2,154
Unfunded supplemental profit sharing plan liability		351		379
Asset valuation reserves		267		317
Future state tax credits		789		789
Net state operating loss carryforwards		167		252
Federal AMT carryforward		620		481
Federal NOL carryforward		—		16
Other		873		746
		5,591		5,739
Deferred tax liabilities
Depreciation		1,013		841
Deferred development		1,057		563
Prepaid royalties		1,187		478
Other		588		635
		3,845		2,517
Net deferred tax asset before valuation allowance		1,746		3,222
Valuation allowance
Beginning balance		(73)		(180)
(Increase) decrease during the period		(57)		107
Ending Balance		(130)		(73)
Net deferred tax asset	$	1,616	$	3,149