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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2013
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 (benefit) expense for continuing operations for the years ended December 31, consisted of the following (in thousands):
|  | 2013 |  |  | 2012 |
Federal income tax benefit - current |  | $ | (144 | ) |  | $ | (2,107 | )
Federal income tax (benefit) expense - deferred |  |  | (1,989 | ) |  |  | 11 |
State income tax expense - current |  |  | 158 |  |  |  | 191 |
State income tax expense (benefit) - deferred |  |  | 1,350 |  |  |  | (246 | )
Total income tax benefit |  | $ | (625 | ) |  | $ | (2,151 | )
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: |  | 2013 |  |  | 2012 |
Net operating losses |  | $ | 6,001 |  |  | $ | 4,612 |
Environmental and closure reserves |  |  | 2,387 |  |  |  | 4,740 |
Impairment of assets |  |  | ― |  |  |  | 505 |
Investment |  |  | (50 | ) |  |  | (59 | )
Other |  |  | 3,626 |  |  |  | 3,798 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | (3,762 | ) |  |  | (6,973 | )
Goodwill and indefinite lived intangible assets |  |  | (1,012 | ) |  |  | (902 | )
Prepaid expenses |  |  | (20 | ) |  |  | (16 | )
|  |  | 7,170 |  |  |  | 5,705 |
Valuation allowance |  |  | (8,182 | ) |  |  | (5,729 | )
Net deferred income tax liabilities |  |  | (1,012 | ) |  |  | (24 | )
Overall reconciliation between the expected tax benefit and the provision for income taxes | An overall reconciliation between the expected tax benefit using the federal statutory rate of 34% and the benefit for income taxes from continuing operations as reported in the accompanying consolidated statement of operations is provided below (in thousands).
|  | 2013 |  |  | 2012 |
Tax benefit at statutory rate |  | $ | (11,880 | ) |  | $ | (1,847 | )
State tax benefit, net of federal benefit |  |  | (102 | ) |  |  | (131 | )
Permanent items |  |  | 166 |  |  |  | 110 |
Non-deductible Goodwill |  |  | 9,471 |  |  |  | ― |
Other |  |  | 125 |  |  |  | (100 | )
Reserve for uncertain tax positions |  |  | 180 |  |  |  | ― |
Increase (decrease) in valuation allowance |  |  | 1,415 |  |  |  | (183 | )
Income tax benefit |  | $ | (625 | ) |  | $ | (2,151 | )
Rollforward of unrecognized tax expense | The Company accounts for uncertainties in income taxes pursuant to ASC 740 (formerly FASB interpretation No. 48, “Accounting for Uncertainties in Income Taxes – an Interpretation of FASB Statement No, 109”) (“FIN 48”). A reconciliation of the beginning and ending amount of our unrecognized tax expense is summarized as follows (in thousands):
|  | 2013 |  |  | 2012 |
Balances at beginning of year |  | $ | ― |  |  | $ | ― |
Addition related to prior year tax position |  |  | 180 |  |  |  | ― |
Balances at end of the year |  | $ | 180 |  |  | $ | ― |

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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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- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=21917533&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
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