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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Summary of Provision for Income Taxes from Continuing Operations

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

		Year Ended December 31,
		2018				2017				2016
Current:
Federal		$	7,412			$	5,080			$	6,442
State			408				89				2,030
			7,820				5,169				8,472
Deferred:
Federal			(824	)			6,310				85
State			(289	)			(2,271	)			(1,770	)
			(1,113	)			4,039				(1,685	)
Total provision		$	6,707			$	9,208			$	6,787

Summary of Deferred Income Tax Assets and Liabilities

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

		December 31,
		2018				2017
Deferred income tax assets:
Workers' compensation claims liabilities		$	9,261			$	8,124
MCC accrual			2,234				3,390
Customer incentives			2,718				—
Deferred compensation			1,541				1,040
Equity based compensation			994				811
Tax effect of unrealized losses, net			1,966				523
Alternative minimum tax credit carryforward			—				1,815
State credit carryforward			988				988
State loss carryforward			2,396				2,715
Other			1,703				354
			23,801				19,760
Less valuation allowance			264				264
			23,537				19,496
Deferred income tax liabilities:
Tax depreciation in excess of book depreciation			(4,258	)			(3,220	)
Tax amortization of goodwill			(9,948	)			(9,558	)
Other			(873	)			(884	)
			(15,079	)			(13,662	)
Net deferred income tax assets		$	8,458			$	5,834

Summary of Effective Tax Rate for Continuing Operations Differed from U.S. Statutory Federal Tax Rate

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

		Year Ended December 31,
		2018					2017					2016
Statutory federal tax rate			21.0		%			35.0		%			35.0		%
State taxes, net of federal benefit			0.3					(4.0	)				1.1
Adjustment for final positions on filed returns			(1.1	)				(1.1	)				0.2
Nondeductible expenses and other, net			1.2					1.5					1.8
Federal and state tax credits			(6.4	)				(7.7	)				(11.6	)
Change in federal tax rate			—					3.2					—
Other, net			—					(0.1	)				—
			15.0		%			26.8		%			26.5		%

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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