|
Income Taxes Income Tax Provision (Tables)
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12 Months Ended |
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Dec. 31, 2013
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| Income Tax Disclosure [Abstract] |
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| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
The provision for income taxes consists of the following:
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2013 |
|
2012 |
|
2011 |
Current: |
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|
|
|
|
Federal |
$ |
22,466 |
|
|
$ |
24,981 |
|
|
$ |
20,841 |
|
State |
2,133 |
|
|
3,462 |
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|
3,175 |
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|
24,599 |
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|
28,443 |
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|
24,016 |
|
Deferred: |
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|
|
|
|
|
|
|
Federal |
4,367 |
|
|
2,452 |
|
|
4,640 |
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State |
489 |
|
|
(408 |
) |
|
710 |
|
|
4,856 |
|
|
2,044 |
|
|
5,350 |
|
|
$ |
29,455 |
|
|
$ |
30,487 |
|
|
$ |
29,366 |
|
|
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
The historical income tax expense differs from the amounts computed by applying the federal statutory rate of 35.0% to income before income taxes as follows:
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2013 |
|
2012 |
|
2011 |
Tax expense at the statutory rate |
$ |
29,373 |
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|
$ |
29,125 |
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|
$ |
26,798 |
|
State income taxes, net of federal benefit |
1,876 |
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|
1,842 |
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|
2,542 |
|
Incentive stock options |
(908 |
) |
|
(154 |
) |
|
472 |
|
Meals and entertainment |
139 |
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|
172 |
|
|
207 |
|
Deferred tax asset valuation allowance |
(85 |
) |
|
(39 |
) |
|
(17 |
) |
Federal income tax credits |
(1,023 |
) |
|
(619 |
) |
|
(675 |
) |
Other |
83 |
|
|
160 |
|
|
39 |
|
|
$ |
29,455 |
|
|
$ |
30,487 |
|
|
$ |
29,366 |
|
|
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
Significant components of the Company’s deferred tax liabilities and assets are as follows:
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December 31,
2013 |
|
December 31,
2012 |
Deferred tax assets: |
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Accrued expenses |
$ |
4,287 |
|
|
$ |
4,374 |
|
Allowance for doubtful accounts |
745 |
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|
565 |
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Non-compete agreements |
— |
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|
3,288 |
|
Share-based compensation |
6,066 |
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|
6,471 |
|
Accruals for income tax contingencies |
547 |
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|
56 |
|
Impairment of goodwill and other intangible assets |
854 |
|
|
1,170 |
|
Net operating loss carryforwards |
253 |
|
|
319 |
|
Total deferred tax assets |
12,752 |
|
|
16,243 |
|
Valuation allowance |
(234 |
) |
|
(319 |
) |
Total deferred tax assets, net of valuation allowance |
12,518 |
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|
15,924 |
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Deferred tax liabilities: |
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|
Tax over book depreciation |
21,806 |
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|
16,907 |
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Non-compete agreements |
5,149 |
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|
— |
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Prepaid expenses deductible when paid |
2,354 |
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|
2,202 |
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Goodwill |
8,914 |
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|
7,973 |
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Total deferred tax liabilities |
38,223 |
|
|
27,082 |
|
Net deferred tax liabilities |
$ |
(25,705 |
) |
|
$ |
(11,158 |
) |
The balance sheet classification of deferred income taxes is as follows:
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December 31,
2013 |
|
December 31,
2012 |
Current assets |
$ |
1,145 |
|
|
$ |
1,282 |
|
Noncurrent liabilities |
(26,850 |
) |
|
(12,440 |
) |
|
$ |
(25,705 |
) |
|
$ |
(11,158 |
) |
|
| Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block] |
A reconciliation of the beginning and ending amount of unrecognized tax benefit is as follows:
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Liability for |
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Unrecognized Tax |
|
Benefits |
Balance at December 31, 2010 |
$ |
725 |
|
Additions for tax positions of current year |
75 |
|
Reductions for tax positions of prior years |
(150 |
) |
Reductions for settlement with state taxing authorities |
(169 |
) |
Balance at December 31, 2011 |
481 |
|
Reductions for settlement with state taxing authorities |
(204 |
) |
Balance at December 31, 2012 |
277 |
|
Additions for tax positions of current year |
209 |
|
Additions for tax positions of prior years - TQI |
853 |
|
Balance at December 31, 2013 |
$ |
1,339 |
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