Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

v2.4.0.8
Income Taxes
 6 Months Ended
Jun. 30, 2014
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
 
We own a TRS that is subject to Federal and state income taxes.  Our TRS’s provision for income taxes consisted of the following (in thousands):
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Deferred
 

 
 

 
 
 
 
Federal
$
(79
)
 
$
(17
)
 
$
(132
)
 
$
(30
)
State
(13
)
 
(4
)
 
(24
)
 
(7
)
Total income tax expense
$
(92
)
 
$
(21
)
 
$
(156
)
 
$
(37
)

 
Items in our TRS contributing to temporary differences that lead to deferred taxes include depreciation and amortization, share-based compensation, certain accrued compensation, compensation paid in the form of contributions to a deferred nonqualified compensation plan and net operating losses that are not deductible until future periods.
 
Our TRS’s combined Federal and state effective tax rate was 37.4% for the three and six months ended June 30, 2014 and 36.3% for the three and six months ended June 30, 2013.