|
Income Taxes Income Tax Provision (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Income Tax Disclosure [Abstract] |
|
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
The provision for income taxes consists of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2014 |
|
2013 |
|
2012 |
Current: |
|
|
|
|
|
Federal |
$ |
33,631 |
|
|
$ |
22,466 |
|
|
$ |
24,981 |
|
State |
4,306 |
|
|
2,133 |
|
|
3,462 |
|
|
37,937 |
|
|
24,599 |
|
|
28,443 |
|
Deferred: |
|
|
|
|
|
|
|
|
Federal |
(2,102 |
) |
|
4,367 |
|
|
2,452 |
|
State |
(919 |
) |
|
489 |
|
|
(408 |
) |
|
(3,021 |
) |
|
4,856 |
|
|
2,044 |
|
|
$ |
34,916 |
|
|
$ |
29,455 |
|
|
$ |
30,487 |
|
|
| 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2014 |
|
2013 |
|
2012 |
Tax expense at the statutory rate |
$ |
33,630 |
|
|
$ |
29,373 |
|
|
$ |
29,125 |
|
State income taxes, net of federal benefit |
1,879 |
|
|
1,876 |
|
|
1,842 |
|
Incentive stock options |
(96 |
) |
|
(908 |
) |
|
(154 |
) |
Meals and entertainment |
186 |
|
|
139 |
|
|
172 |
|
Deferred tax asset valuation allowance |
39 |
|
|
(85 |
) |
|
(39 |
) |
Federal income tax credits |
(533 |
) |
|
(1,023 |
) |
|
(619 |
) |
Other |
(189 |
) |
|
83 |
|
|
160 |
|
|
$ |
34,916 |
|
|
$ |
29,455 |
|
|
$ |
30,487 |
|
|
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
Significant components of the Company’s deferred tax liabilities and assets are as follows:
|
|
|
|
|
|
|
|
|
|
December 31,
2014 |
|
December 31,
2013 |
Deferred tax assets: |
|
|
|
Accrued expenses |
$ |
6,313 |
|
|
$ |
4,287 |
|
Allowance for doubtful accounts |
1,002 |
|
|
745 |
|
Share-based compensation |
5,698 |
|
|
6,066 |
|
Accruals for income tax contingencies |
300 |
|
|
547 |
|
Impairment of goodwill and other intangible assets |
534 |
|
|
854 |
|
Net operating loss carryforwards |
280 |
|
|
253 |
|
Total deferred tax assets |
14,127 |
|
|
12,752 |
|
Valuation allowance |
(273 |
) |
|
(234 |
) |
Total deferred tax assets, net of valuation allowance |
13,854 |
|
|
12,518 |
|
Deferred tax liabilities: |
|
|
|
Tax over book depreciation |
19,222 |
|
|
21,806 |
|
Non-compete agreements |
3,639 |
|
|
5,149 |
|
Prepaid expenses deductible when paid |
2,488 |
|
|
2,354 |
|
Goodwill |
11,189 |
|
|
8,914 |
|
Total deferred tax liabilities |
36,538 |
|
|
38,223 |
|
Net deferred tax liabilities |
$ |
(22,684 |
) |
|
$ |
(25,705 |
) |
The balance sheet classification of deferred income taxes is as follows:
|
|
|
|
|
|
|
|
|
|
December 31,
2014 |
|
December 31,
2013 |
Current assets |
$ |
2,496 |
|
|
$ |
1,145 |
|
Noncurrent liabilities |
(25,180 |
) |
|
(26,850 |
) |
|
$ |
(22,684 |
) |
|
$ |
(25,705 |
) |
|
| 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:
|
|
|
|
|
|
Liability for |
|
Unrecognized Tax |
|
Benefits |
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 |
|
Reductions for settlement with state taxing authorities |
(697 |
) |
Additions for tax positions of prior years - TQI |
63 |
|
Additions for tax positions of current year |
66 |
|
Balance at December 31, 2014 |
$ |
771 |
|
|