Income Taxes (Tables)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Components of Income Tax Expense (Benefit)

The components of current and deferred federal and state income tax (benefit) expense for continuing operations for the years ended December 31, consisted of the following (in thousands):

	2017			2016
Federal income tax (benefit) expense - current	$	(780	)	$	9
Federal income tax benefit - deferred		(778	)		(2,657	)
State income tax expense - current		163			59
State income tax expense (benefit) - deferred		110			(405	)
Total income tax (benefit) expense	$	(1,285	)	$	(2,994	)

Schedule of Effective Income Tax Rate Reconciliation

	2017			2016
Tax benefit at statutory rate	$	(1,640	)	$	(5,527	)
State tax benefit, net of federal benefit		(295	)		(785	)
Change in deferred tax rates		1,711			(82	)
Impact of Tax Act		(1,695	)		—
Permanent items		104			119
Difference in foreign rate		170			98
Change in deferred tax liabilities		881			(260	)
Other		(135	)		(241	)
(Decrease) increase in valuation allowance		(386	)		3,684
Income tax (benefit) expense	$	(1,285	)	$	(2,994	)

Schedule of Deferred Tax Assets and Liabilities

The Company had temporary differences and net operating loss carry forwards from both our continuing and discontinued operations, which gave rise to deferred tax assets and liabilities at December 31, 2017 and 2016 as follows (in thousands):

	2017			2016
Deferred tax assets:
Net operating losses	$	5,992		$	7,288
Environmental and closure reserves		2,158			3,189
Depreciation and amortization		907			—
Other		1,252			2,285
Deferred tax liabilities:
Depreciation and amortization		—			(162	)
Goodwill and indefinite lived intangible assets		(1,694	)		(2,362	)
Prepaid expenses		(50	)		(72	)
		8,565			10,166
Valuation allowance		(10,259	)		(12,528	)
Net deferred income tax liabilities		(1,694	)		(2,362	)

Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)