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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Summary of Provision for Income Taxes from Continuing Operations

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

		Year ended December 31,
		2014				2013				2012
Current:
Federal		$	(8,022	)		$	6,386			$	5,378
State			(741	)			1,225				685
			(8,763	)			7,611				6,063
Deferred:
Federal			(10,237	)			(519	)			341
State			747				(82	)			(76	)
			(9,490	)			(601	)			265
Total (benefit) provision		$	(18,253	)		$	7,010			$	6,328

Summary of Deferred Income Tax Assets and Liabilities

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

		December 31,
		2014				2013
Gross deferred income tax assets:
Workers’ compensation claims liabilities		$	12,168			$	6,985
Safety incentives payable			3,782				3,529
Allowance for doubtful accounts			118				94
Tax effect of unrealized losses, net			856				959
Alternative minimum tax credit carryforward			1,840				0
State credit carryforward			969				805
State loss carryforward			568				0
Workers’ opportunity tax credit and EZ credit carryforward			3,162				0
Other			605				504
			24,068				12,876
Less valuation allowance			1,078				1,763
			22,990				11,113
Gross deferred income tax liabilities:
Tax depreciation in excess of book depreciation			(3,770	)			(2,793	)
Tax amortization of goodwill			(11,588	)			(10,178	)
			(15,358	)			(12,971	)
Net deferred income tax assets (liabilities)		$	7,632			$	(1,858	)

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,
		2014				2013				2012
Statutory federal tax rate			(35.0	)%			35.0	%			35.0	%
State taxes, net of federal benefit			.2				3.4				.4
Valuation allowance on capital loss carryforward and state tax credit carryforward			(.2	)			(.4	)			2.3
Adjustment for final positions on filed returns			(.7	)			(1.5	)			(.3	)
Nondeductible expenses and other, net			2.2				.8				4.4
Federal tax-exempt interest income			(.2	)			(.2	)			(.4	)
Federal and state tax credits			(6.6	)			(8.9	)			(8.9	)
			(40.3	)%			28.2	%			32.5	%

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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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