Annual report pursuant to Section 13 and 15(d)

Note 12 - Income Taxes (Tables)

v3.3.1.900
Note 12 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2015
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   
2015
   
2014
 
Federal income tax expense (benefit) - current
  $ 116     $ (121 )
Federal income tax expense - deferred
    142       530  
State income tax expense (benefit) - current
    9       (1 )
State income tax expense - deferred
    276       9  
Total income tax expense
  $ 543     $ 417  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
Deferred tax assets:
 
2015
   
2014
 
Net operating losses
  $ 4,566     $ 4,611  
Environmental and closure reserves
    2,497       2,520  
Other
    2,800       3,129  
Deferred tax liabilities:
               
Depreciation and amortization
    (1,130 )     (2,322 )
Goodwill and indefinite lived intangible assets
    (5,443 )     (5,006 )
Investment
 
      (25 )
Prepaid expenses
    (122 )     (17 )
      3,168       2,890  
Valuation allowance
    (8,592 )     (7,896 )
Net deferred income tax liabilities
    (5,424 )     (5,006 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   
2015
   
2014
 
Tax expense (benefit) at statutory rate
  $ 166     $ (864 )
State tax benefit, net of federal benefit
    (93 )     (66 )
Change in deferred tax rates
    208        
Permanent items
    84       137  
Non-deductible Goodwill
          129  
Difference in foreign rate
    40       98  
Reversal of deferred tax assets for divested facility (SYA)
          99  
Reversal of deferred tax assets on stock compensation
          593  
Change in deferred tax liabilities
    206        
Other
    (124 )     75  
Increase in valuation allowance
    56        216  
Income tax expense
  $ 543     $ 417  
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]
   
2015
   
2014
 
Balances at beginning of year
  $     $ 180  
Reduction related to prior year tax position
          (180 )
(1)
Balances at end of the year
  $     $