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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2012
INCOME TAXES [Abstract] |
Components of current and deferred federal and state income tax for continuing operations | The components of current and deferred federal and state income tax expense (benefit) for continuing operations for the years ended December 31, consisted of the following (in thousands):
|  | 2012 |  |  | 2011 |  |  | 2010 |
Federal income tax (benefit) expense - current |  | $ | (2,107 | ) |  | $ | 2,043 |  |  | $ | 112 |
Federal income tax expense - deferred |  |  | 11 |  |  |  | 1,938 |  |  |  | 218 |
State income tax expense (benefit) - current |  |  | 191 |  |  |  | 92 |  |  |  | (85 | )
State income tax (benefit) expense - deferred |  |  | (246 | ) |  |  | 5 |  |  |  | (10 | )
Total income tax expense (benefit) |  | $ | (2,151 | ) |  | $ | 4,078 |  |  | $ | 235 |
Schedule of deferred tax assets and liabilities | We had temporary differences and net operating loss carry forwards from both our continuing and discontinued operations, which gave rise to deferred tax assets and liabilities at December 31, as follows (in thousands):
Deferred tax assets: |  | 2012 |  |  | 2011 |
Net operating losses |  | $ | 4,612 |  |  | $ | 4,425 |
Environmental and closure reserves |  |  | 4,740 |  |  |  | 5,047 |
Impairment of assets |  |  | 505 |  |  |  | 505 |
Investment |  |  | (59 | ) |  |  | 197 |
Other |  |  | 3,798 |  |  |  | 4,513 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | (7,875 | ) |  |  | (8,936 | )
Prepaid expenses |  |  | (16 | ) |  |  | (46 | )
|  |  | 5,705 |  |  |  | 5,705 |
Valuation allowance |  |  | (5,729 | ) |  |  | (6,428 | )
Net deferred income tax liabilities |  |  | (24 | ) |  |  | (723 | )
Overall reconciliation between the expected tax benefit and the provision for income taxes | An overall reconciliation between the expected tax expense (benefit) using the federal statutory rate of 34% and the provision (benefit) for income taxes from continuing operations as reported in the accompanying consolidated statement of operations is provided below.
|  | 2012 |  |  | 2011 |  |  | 2010 |
Tax (benefit) expense at statutory rate |  | $ | (1,847 | ) |  | $ | 3,557 |  |  | $ | 1,740 |
State tax (benefit) expense, net of federal benefit |  |  | (131 | ) |  |  | 53 |  |  |  | (56 | )
Previously unrecorded state tax benefit |  |  | ― |  |  |  | ― |  |  |  | (173 | )
Permanent items |  |  | 110 |  |  |  | 150 |  |  |  | 61 |
Other |  |  | (100 | ) |  |  | 355 |  |  |  | (1,325 | )
(Decrease) increase in valuation allowance |  |  | (183 | ) |  |  | (37 | ) |  |  | (12 | )
Income tax (benefit) expense |  | $ | (2,151 | ) |  | $ | 4,078 |  |  | $ | 235 |

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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 + Details
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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://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 + Details
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- Definition 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 + Details
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