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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [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,
		2013				2012				2011
Current:
Federal		$	6,386			$	5,378			$	857
State			1,225				685				(474	)
			7,611				6,063				383
Deferred:
Federal			(519	)			341				283
State			(82	)			(76	)			171
			(601	)			265				454
Total provision		$	7,010			$	6,328			$	837

Summary of Deferred Income Tax Assets and Liabilities

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

		December 31,
		2013				2012
Gross deferred income tax assets:
Workers’ compensation claims liabilities		$	6,985			$	4,833
Safety incentives payable			3,529				3,422
Allowance for doubtful accounts			94				148
Deferred compensation			0				44
Tax effect of unrealized losses, net			959				936
Alternative minimum tax credit carryforward			0				0
State credit carryforward			805				805
State loss carryforward			0				0
Other			504				284
			12,876				10,472
Less valuation allowance			1,763				1,773
			11,113				8,699
Gross deferred income tax liabilities:
Tax depreciation in excess of book depreciation			(2,793	)			(2,017	)
Tax amortization of goodwill			(10,178	)			(9,141	)
			(12,971	)			(11,158	)
Net deferred income tax liabilities		$	(1,858	)		$	(2,459	)

Summary of Effective Tax Rate for Continuing Operations Differed from 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,
		2013				2012				2011
Statutory federal tax rate			35.0	%			35.0	%			34.0	%
State taxes, net of federal benefit			3.4				.4				(4.2	)
Valuation allowance on capital loss carryforwardand state tax credit carryforward			(.4	)			2.3				3.1
Adjustment for final positions on filed returns			(1.5	)			(.3	)			(.3	)
Officer life insurance proceeds			0				0				(22.4	)
Nondeductible expenses and other, net			.8				4.4				3.9
Federal tax-exempt interest income			(.2	)			(.4	)			(.9	)
Federal and state tax credits			(8.9	)			(8.9	)			(7.7	)
			28.2	%			32.5	%			5.5	%

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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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