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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Summary of provision for income taxes from continuing operations

The provision for income taxes from continuing operations are as follows (in thousands):

		Year ended December 31,
		2012				2011				2010
Current:
Federal		$	5,378			$	857			$	1,211
State			685				(474	)			606
			6,063				383				1,817
Deferred:
Federal			341				283				601
State			(76	)			171				156
			265				454				757
Total provision		$	6,328			$	837			$	2,574

Summary of deferred income tax assets and liabilities

Deferred income tax assets and liabilities are comprised of the following components (in thousands):

		December 31,
		2012				2011
Gross deferred income tax assets:
Workers' compensation claims liabilities		$	4,833			$	4,266
Safety incentives payable			3,422				2,064
Allowance for doubtful accounts			148				175
Deferred compensation			44				180
Tax effect of unrealized losses, net			936				883
Alternative minimum tax credit carryforward			0				740
State credit carryforward			805				490
State loss carryforward			0				15
Other			284				305
			10,472				9,118
Less valuation allowance			1,773				1,333
			8,699				7,785
Gross deferred income tax liabilities:
Tax depreciation in excess of book depreciation			(2,017	)			(1,851	)
Tax amortization of goodwill			(9,141	)			(8,128	)
			(11,158	)			(9,979	)
Net deferred income tax liabilities		$	(2,459	)		$	(2,194	)

Summary of effective tax rate for continuing operations differed from the U.S. statutory federal tax rate

The effective tax rate for continuing operations differed from the U.S. statutory federal tax rate due to the following:

		Year ended December 31,
		2012				2011				2010
Statutory federal tax rate			35.0	%			34.0	%			34.0	%
State taxes, net of federal benefit			.4				(4.2	)			5.3
Valuation allowance on capital loss carryforward and state tax credit carryforward			2.3				3.1				(4.4	)
Adjustment for final positions on filed returns			(.3	)			(.3	)			1.5
Officer life insurance proceeds			0				(22.4	)			0
Nondeductible expenses and other, net			4.4				3.9				5.8
Federal tax-exempt interest income			(.4	)			(.9	)			(.7	)
Federal and state tax credits			(8.9	)			(7.7	)			(15.6	)
			32.5	%			5.5	%			25.9	%

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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

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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

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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

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