Income Taxes

12 Months Ended

Dec. 31, 2013

14. Income Taxes

The income tax provision for the years ended December 31, 2011, 2012 and 2013 is summarized below (in thousands):


	2011			2012			2013
Current:
Federal	$	53,344		$	36,028		$	26,390
State		12,081			8,333			4,582
Total current		65,425			44,361			30,972
Deferred:
Federal		4,760			(608	)		(18,387	)
State		(707	)		(708	)		(1,726	)
Total deferred		4,053			(1,316	)		(20,113	)
Total provision for income taxes	$	69,478		$	43,045		$	10,859

The tax effects of the principal temporary differences that give rise to the Company’s deferred tax assets are as follows as of December 31, 2012 and 2013 (in thousands):

	2012			2013
Tuition receivable	$	4,215		$	4,021
Employee-related liabilities		280			144
Other facility-related costs		826			3,684
Current net deferred tax asset		5,321			7,849
Property and equipment		(15,972	)		(13,091	)
Deferred leasing costs		3,475			3,082
Stock-based compensation		13,814			13,871
Other facility-related costs		1,484			13,696
Interest rate swap		474			(18	)
Other		4			(411	)
Long-term net deferred tax asset		3,279			17,129
Net deferred tax asset	$	8,600		$	24,978

The Company had $0.2 million of unrecognized tax benefits at December 31, 2013, all of which resulted from tax positions taken during the year ended December 31, 2013. A liability for uncertain tax positions of $2.2 million as of December 31, 2013, also for tax positions taken during the year ended December 31, 2013, is included in income taxes payable in the Consolidated Balance Sheets.

A reconciliation between the Company’s statutory tax rate and the effective tax rate for the years ended December 31, 2011, 2012, and 2013 is as follows:

	2011			2012			2013
Statutory federal rate		35.0	%		35.0	%		35.0	%
State income taxes, net of federal benefits		4.3			4.3			4.6
Other		0.3			0.2			0.2
Effective tax rate		39.6	%		39.5	%		39.8	%

Cash payments for income taxes were $67.0 million in 2011, $47.4 million in 2012 and $26.5 million in 2013.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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