INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

INCOME TAXES [Abstract]

Income Tax Expense

The income tax (benefit)/expense consists of the following for the years ended December 31:

	2012			2011		2010
	(In thousands)
Federal:
Current	$	(1,846	)	$	7,412	$	2,585
Deferred		(13,330	)		3,109		5,245
Total Federal	$	(15,176	)	$	10,521	$	7,830
State:
Current		222			989		1,265
Deferred		(2,464	)		590		354
Total State		(2,242	)		1,579		1,619
Total income tax expense	$	(17,418	)	$	12,100	$	9,449

Effective Income Tax Rate Reconciliation

The differences between the effective tax rates on income before income taxes and the United States federal income tax rate are as follows:

	2012			2011			2010
Statutory federal income tax rate		(35.0	%)		35.0	%		35.0	%
Increase (reduction) in tax rate resulting from:
State income taxes, net of federal income tax benefit		(3.4	)		4.0			4.0
Work opportunity credit		(0.9	)		(1.0	)		(1.2	)
Deductible goodwill amortization		(1.0	)		(1.2	)		(1.7	)
Settlement with former parent		—			(2.0	)		—
Decrease is state tax reserve		—			(1.6	)		—
Other, net		0.3			—			0.4
Effective tax rate		(40.0	%)		33.2	%		36.5	%

Reconciliation of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows (in thousands):

	2012		2011
Gross unrecognized tax benefits at December 31, 2011	$	125	$	722
Decrease due to expiration of statute of limitations		—		(597	)
Gross unrecognized tax benefits at December 31, 2012	$	125	$	125

Components of Net Deferred Tax Assets and Liabilities

The components of the net deferred tax assets and liabilities as of December 31 are as follows:

	2012			2011
	(In thousands)
Deferred tax assets:
Employee benefit accruals	$	4,378		$	4,233
Accrued liabilities		890			835
Accounts receivable reserves		1,394			1,172
Deferred revenue		710			712
Capital loss carryover		191			—
Operating loss carryforwards		7,118			7,820
Goodwill/Intangibles		5,736			2,683
Fair value adjustment for leases		376			565
Fair value adjustment for debt		56			31
Deferred financing fee		552			155
Alternative minimum tax carry forward		46			46
Write down of investments		134			290
Other assets		1,153			2,714
Total deferred tax assets before valuation allowance		22,734			21,256
Valuation allowance		(163	)		(163	)
Total deferred tax assets		22,571			21,093
Deferred tax liabilities:
Depreciation		26,245			40,710
Unrealized loss – equity investments		11			91
Miscellaneous		376			228
Total deferred tax liabilities		26,632			41,029
Net deferred tax liabilities	$	(4,061	)	$	(19,936	)
Valuation allowance:
Beginning of year	$	(163	)	$	(2,840	)
Decrease during year		—			2,677
End of year	$	(163	)	$	(163	)

	2012			2011
	(In thousands)
Deferred tax assets (liabilities) as presented on the consolidated balance sheet:
Current deferred tax assets	$	4,640		$	4,027
Long-term deferred tax liabilities		(8,701	)		(23,961	)
Net deferred tax liabilities	$	(4,061	)	$	(19,934	)