Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes [Abstract]

Components of Income Tax Expense

All of our income is generated in the U.S. The components of income tax expense were as follows (in thousands):

	Year Ended December 31,
	2014		2013		2012
Current federal	$	1,079	$	746	$	292
Current state		234		184		201
		1,313		930		493
Deferred federal		595		305		1,116
Deferred state		114		69		342
		709		374		1,458
	$	2,022	$	1,304	$	1,951

Reconciliation of the Statutory Federal Income Tax Rate to Income Before Income Taxes

Income tax expense differs from the amount computed by applying the statutory federal income tax rate to income before income taxes as follows (in thousands):

	Year Ended December 31,
	2014			2013			2012
Provision at U.S. statutory rate	$	1,734		$	1,109		$	1,522
State taxes, net of federal benefit		217			182			148
Permanent differences, primarily meals and entertainment		304			198			232
Domestic production activities deduction		(113	)		(98	)		-
Tax credits		(120	)		(87	)		(104	)
Increase to deferred tax liability tax rate		-			-			153
	$	2,022		$	1,304		$	1,951

Significant Components of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities were as follows (in thousands):

	December 31,
	2014			2013
Deferred tax assets
Net operating losses and alternative minimum tax credit carryforwards	$	364		$	470
Accrued salaries and severance		1,150			922
Other		1,153			918
		2,667			2,310
Deferred tax liabilities
Property, equipment and leasehold improvements		(13,139	)		(12,158	)
Intangible assets		(6,240	)		(6,323	)
Other		(188	)		(203	)
		(19,567	)		(18,684	)
	$	(16,900	)	$	(16,374	)

Net Operating Losses and Alternative Minimum Tax Credit Carryforwards

As of December 31, 2014, included in our net operating losses and alternative minimum tax credit carryforwards were the following (in thousands):

State NOLs, tax effected	$	32
Federal alternative minimum tax credit carryforwards	$	332