Annual report pursuant to Section 13 and 15(d)

Note 12 - Income Taxes (Tables)

v2.4.1.9
Note 12 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   

2014

   

2013

 

Federal income tax (benefit) expense - current

  $ (121 )   $ (144 )

Federal income tax expense (benefit) - deferred

    530       (1,989 )

State income tax (benefit) expense - current

    (1 )     158  

State income tax expense - deferred

    9       1,350  

Total income tax expense (benefit)

  $ 417     $ (625 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
           

(Revised)

 

Deferred tax assets:

 

2014

   

2013

 

Net operating losses

  $ 4,611     $ 6,001  

Environmental and closure reserves

    2,520       2,387  

Other

    3,129       3,626  

Deferred tax liabilities:

               

Depreciation and amortization

    (2,322 )     (3,762 )

Goodwill and indefinite lived intangible assets

    (5,006 )     (4,467 )

Investment

    (25 )     (50 )

Prepaid expenses

    (17 )     (20 )
      2,890       3,715  

Valuation allowance

    (7,896 )     (8,182 )

Net deferred income tax liabilities

    (5,006 )     (4,467 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

2014

   

2013

 

Tax benefit at statutory rate

  $ (864 )   $ (11,880 )

State tax benefit, net of federal benefit

    (66 )     (102 )

Permanent items

    137       166  

Non-deductible Goodwill

    129       9,471  

Difference in foreign rate

    98    

 

Reversal of deferred tax assets for divested facility (SYA)

    99    

 

Reversal of deferred tax assets on stock compensation

    593    

 

Other

    75       125  

Reserve for uncertain tax positions

 

      180  

Increase in valuation allowance

    216       1,415  

Income tax expense (benefit)

  $ 417     $ (625 )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]
 

2014

 

2013

 

Balances at beginning of year

$ 180  

 

(Reduction) addition related to prior year tax position

  (180 )(1)   180  (1)

Balances at end of the year

  $ 180