Income Taxes

The provision for income taxes for the years ended December 31, 2014, 2013 and 2012, consists of the following (in thousands):



	2014		2013		2012
Current provision:
Federal	$	995	$	69	$	332
State	195		330		222
Total current provision	1,190		399		554
Deferred provision:
Federal	6,840		7,723		6,972
Total deferred provision	6,840		7,723		6,972
Total provision	$	8,030	$	8,122	$	7,526

The income tax effects of temporary differences that give rise to significant portions of deferred income tax assets and (liabilities) as of December 31, 2014 and 2013, are as follows (in thousands):



	2014			2013
Deferred income tax assets:
Stock Compensation	$	1,249		$	916
Other	80			45
Total deferred income tax assets	$	1,329		$	961

Deferred income tax liabilities:
Property and equipment	$	(58,610	)	(51,377		)
Goodwill and other intangible assets	(1,023		)	(1,048		)
Total deferred income tax liabilities	(59,633		)	(52,425		)
Net deferred income tax liabilities	$	(58,304	)	$	(51,464	)

The effective tax rate for the years ended December 31, 2014, 2013 and 2012, differs from the statutory rate as follows:



	2014		2013		2012
Statutory rate	34.0	%	34.0	%	34.0	%
State and local taxes	1.5	%	1.7	%	0.7	%
Other	0.7	%	0.4	%	2.5	%
Effective rate	36.2	%	36.1	%	37.2	%

Our policy regarding income tax interest and penalties is to expense those items as general and administrative expense. During the years ended December 31, 2014, 2013 and 2012, there were no significant income tax interest or penalty items in the statement of income.

We had a federal net operating loss carry forward of $3.2 million as of December 31, 2012, which was utilized in the year ended December 31, 2013. We file income tax returns in the U.S. federal jurisdiction and various state jurisdictions. With few exceptions, we are no longer subject to U.S. federal or state income tax examination by tax authorities for years before 2009.