Annual report pursuant to Section 13 and 15(d)

Income Taxes Income Tax Provision (Tables)

v3.6.0.2
Income Taxes Income Tax Provision (Tables)
12 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
The provision for income taxes consists of the following:

 
2016

2015

2014
Current:
 

 

 
Federal
$
24,139


$
8,319


$
33,631

State
3,052


1,242


4,306

 
27,191


9,561


37,937

Deferred:
 


 


 

Federal
3,256


12,477


(2,102
)
State
269


2,054


(919
)
 
3,525


14,531


(3,021
)
 
$
30,716


$
24,092


$
34,916

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:
 
2016
 
2015
 
2014
Tax expense at the statutory rate
$
20,435

 
$
27,883

 
$
33,630

State income taxes, net of federal benefit
2,229

 
2,178

 
1,879

Non-deductible transaction costs


394



Incentive stock options
(88
)
 
(120
)
 
(96
)
Other permanent differences
474

 
216

 
186

TQI goodwill impairment
8,990

 

 

Deferred tax asset valuation allowance
(2
)
 
(11
)
 
39

Federal qualified property deductions
(1,311
)

(6,066
)


Federal income tax credits

 
(732
)
 
(533
)
Other
(11
)
 
350

 
(189
)
 
$
30,716

 
$
24,092

 
$
34,916

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,
2016

December 31,
2015
Deferred tax assets:
 

 
Accrued expenses
$
9,647


$
11,952

Allowance for doubtful accounts
662


936

Share-based compensation
5,005


5,242

Accruals for income tax contingencies
252


268

Net operating loss carryforwards
10,231


13,620

Total deferred tax assets
25,797


32,018

Valuation allowance
(282
)

(284
)
Total deferred tax assets, net of valuation allowance
25,515


31,734

Deferred tax liabilities:
 

 
Tax over book depreciation
29,416


28,027

Intangible assets
17,588


25,399

Prepaid expenses deductible when paid
4,862


5,018

Goodwill
15,520


13,166

Total deferred tax liabilities
67,386


71,610

Net deferred tax liabilities
$
(41,871
)

$
(39,876
)

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, 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

Reductions for settlement with state taxing authorities
(64
)
Additions for tax positions of current year
66

Balance at December 31, 2015
773

Reductions for settlement with state taxing authorities
(247
)
Additions for tax positions of current year
56

Balance at December 31, 2016
$
582