Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Components of Deferred Tax Assets and Liabilities Included in Consolidated Balance Sheets

Significant components of deferred tax assets and liabilities included in the consolidated balance sheets at December 31, 2018 and 2017 were as follows (in thousands):

	December 31, 2018			December 31, 2017

Deferred tax assets:
Compensation	$	1,842		$	1,529
Allowance for doubtful accounts		600			478
Lease obligations - closed clinics		34			54
Deferred tax assets	$	2,476		$	2,061
Deferred tax liabilities:
Depreciation and amortization	$	(11,309	)	$	(12,590	)
Other		(179	)		(346	)
Deferred tax liabilities		(11,488	)		(12,936	)
Net deferred tax liability	$	(9,012	)	$	(10,875	)

Differences Between Federal Tax Rate and Company's Effective Tax Rate for Results of Continuing Operations

The differences between the federal tax rate and the Company’s effective tax rate for the years ended December 31, 2018, 2017 and 2016 were as follows (in thousands):

	December 31, 2018					December 31, 2017					December 31, 2016
U. S. tax at statutory rate	$	9,710		21.0	%	$	9,900		35.0	%	$	11,351		35.0	%
Tax legislation adjustment		-		0.0	%		(4,325	)	(15.3	)%		-		-
State income taxes, net of federal benefit and tax reform		1,722		3.7	%		1,060		3.7	%		945		2.9	%
Excess equity compensation deduction		(806	)	(1.7	)%		(1,139	)	(4.0	)%		(911	)	(2.8	)%
Non-deductible expenses		743		1.6	%		560		2.0	%		495		1.5	%
Other		-		0.0	%		(24	)	(0.1	)%		-		-
	$	11,369		24.6	%	$	6,032		21.3	%	$	11,880		36.6	%

Significant Components of Provision for Income Taxes for Continuing Operations

Significant components of the provision for income taxes for the years ended December 31, 2018, 2017 and 2016 were as follows (in thousands):

	December 31, 2018		December 31, 2017			December 31, 2016
Current:
Federal	$	5,357	$	9,332		$	7,620
State		1,199		1,564			1,281
Total current		6,556		10,896			8,901
Deferred:
Federal		3,771		(5,233	)		2,548
State		1,042		369			431
Total deferred		4,813		(4,864	)		2,979
Total income tax provision	$	11,369	$	6,032		$	11,880