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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Taxes |
Schedule of Income Tax Expense (Benefit) from continuing operations | The total income tax (benefit) expense from continuing operations consists of the following components (in thousands):
|  | Year Ended December 31, |
|  | 2015 |  | 2014 |  | 2013 |
Current |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 4,948 |  | $ | 1,833 |  | $ | 130 |
State |  |  | 2,784 |  |  | 2,773 |  |  | 2,195 |
Foreign |  |  | 828 |  |  | 223 |  |  | — |
Total current |  | $ | 8,560 |  | $ | 4,829 |  | $ | 2,325 |
Deferred |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (11,317) |  | $ | (3,278) |  | $ | 3,045 |
State |  |  | (1,382) |  |  | (347) |  |  | 445 |
Foreign |  |  | (4,872) |  |  | (954) |  |  | — |
Total deferred |  | $ | (17,571) |  | $ | (4,579) |  | $ | 3,490 |
Total income tax (benefit) expense |  | $ | (9,011) |  | $ | 250 |  | $ | 5,815 |
Reconciliation of income tax expense at statutory rates to the actual income tax expense recorded | The following table reconciles the income tax expense at statutory rates to the actual income tax expense recorded (in thousands):
|  | Year Ended December 31, |
|  | 2015 |  | 2014 |  | 2013 |
Tax (benefit) expense at U.S. federal statutory income tax rate on income or loss subject to tax |  | $ | (12,630) |  | $ | (2,131) |  | $ | 3,582 |
State income tax expense, net of federal tax |  |  | 93 |  |  | 764 |  |  | 928 |
Gross receipts and margin taxes |  |  | 1,480 |  |  | 1,699 |  |  | 1,553 |
Foreign rate differential |  |  | 2,269 |  |  | 554 |  |  | — |
Effect of permanent differences |  |  | (298) |  |  | (196) |  |  | (221) |
Return to provision adjustments |  |  | (368) |  |  | (528) |  |  | (27) |
Increase in valuation allowance |  |  | 443 |  |  | 88 |  |  | — |
Total income tax (benefit) expense |  | $ | (9,011) |  | $ | 250 |  | $ | 5,815 |
Schedule of significant components of the company's deferred tax asset and liabilities | The significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):
|  | December 31, |
|  | 2015 |  | 2014 |  | 2013 |
Investments and property, primarily differences in investment basis, depreciation and amortization, the basis of land assets, and the treatment of interest and certain costs |  | $ | 19,862 |  | $ | 3,418 |  | $ | 707 |
Net operating loss carryforward |  |  | 3,703 |  |  | 484 |  |  | 749 |
Expense accruals and other |  |  | (753) |  |  | 462 |  |  | (4) |
Valuation allowance |  |  | (531) |  |  | (88) |  |  | — |
Net deferred tax assets |  | $ | 22,281 |  | $ | 4,276 |  | $ | 1,452 |
Reconciliation of unrecognized tax benefits | A reconciliation of the Company’s beginning and ending unrecognized tax benefits follows (in thousands):
|  | Amount |
Balance at January 1, 2013 |  | $ | 1,977 |
Reductions based on prior years’ tax positions |  |  | (890) |
Additions based on 2013 tax positions |  |  | — |
Balance at December 31, 2013 |  |  | 1,087 |
Reductions based on prior years’ tax positions |  |  | (1,087) |
Additions based on 2014 tax positions |  |  | — |
Balance at December 31, 2014 |  | $ | — |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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