| Income Tax Disclosure [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Income Tax Disclosure [Abstract] | |
Schedule of Components of Income Tax Expense (Benefit) |
Income tax expense consisted of the following for the years ended December 31, 2016, 2015 and 2014:
|
|
|
Year Ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Current |
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal |
|
$ |
(197 |
) |
|
$ |
3,580 |
|
|
$ |
3,555 |
|
|
State |
|
|
1,042 |
|
|
|
285 |
|
|
|
477 |
|
|
Total current tax expense |
|
|
845 |
|
|
|
3,865 |
|
|
|
4,032 |
|
|
Deferred: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal |
|
|
(1,282 |
) |
|
|
1,052 |
|
|
|
(1,214 |
) |
|
State |
|
|
(783 |
) |
|
|
(137 |
) |
|
|
(263 |
) |
|
Total deferred tax expense |
|
|
(2,065 |
) |
|
|
915 |
|
|
|
(1,477 |
) |
|
Total income taxes, net of federal tax benefit |
|
$ |
(1,220 |
) |
|
$ |
4,780 |
|
|
$ |
2,555 |
|
|
Schedule of Effective Income Tax Rate |
The company’s effective income tax rate for the years ended December 31, 2016, 2015 and 2014 reconciles with the federal statutory rate as follows:
|
|
|
Year Ended December 31, |
|
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
|
Federal statutory rate |
|
|
35.0 |
|
% |
|
35.0 |
|
% |
|
35.0 |
|
% |
|
State income taxes, net of federal tax benefit |
|
|
3.2 |
|
|
|
3.5 |
|
|
|
2.2 |
|
|
|
Non-deductible expenses |
|
|
(2.2 |
) |
|
|
2.7 |
|
|
|
1.9 |
|
|
|
Stock compensation adjustment |
|
|
(15.8 |
) |
|
|
— |
|
|
|
— |
|
|
|
Return to provision adjustment |
|
|
(2.6 |
) |
|
|
— |
|
|
|
— |
|
|
|
Change in valuation allowance |
|
|
(0.1 |
) |
|
|
(0.3 |
) |
|
|
(4.2 |
) |
|
|
Benefit from tax deductible dividends |
|
|
— |
|
|
|
(1.9 |
) |
|
|
(2.9 |
) |
|
|
State tax credits |
|
|
— |
|
|
|
(2.7 |
) |
|
|
— |
|
|
|
Income taxed directly to flow-through owners of BHR |
|
|
— |
|
|
|
— |
|
|
|
(3.2 |
) |
|
|
Other differences |
|
|
— |
|
|
|
0.1 |
|
|
|
(0.2 |
) |
|
|
Effective income tax rate on income before taxes |
|
|
17.5 |
|
% |
|
36.4 |
|
% |
|
28.6 |
|
% |
|
Schedule of Deferred Tax Assets (Liabilities) |
Deferred income tax assets (liabilities) are comprised of the following at December 31, 2016 and 2015:
|
|
|
Year Ended December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
Employee compensation |
|
$ |
2,628 |
|
|
$ |
1,642 |
|
|
Operating loss carryforwards |
|
|
1,462 |
|
|
|
1,060 |
|
|
Accrued litigation |
|
|
213 |
|
|
|
— |
|
|
Accounts receivable |
|
|
542 |
|
|
|
310 |
|
|
Tax credits |
|
|
178 |
|
|
|
329 |
|
|
Acquisition related costs |
|
|
1,891 |
|
|
|
1,254 |
|
|
Other |
|
|
363 |
|
|
|
903 |
|
|
Valuation allowances |
|
|
(623 |
) |
|
|
(615 |
) |
|
Total deferred tax assets |
|
$ |
6,654 |
|
|
$ |
4,883 |
|
|
Property, equipment and amortization |
|
|
(209 |
) |
|
|
(3,036 |
) |
|
Goodwill and other intangible property |
|
|
(5,368 |
) |
|
|
(2,435 |
) |
|
Other |
|
|
(479 |
) |
|
|
(607 |
) |
|
Total deferred tax liabilities |
|
$ |
(6,056 |
) |
|
$ |
(6,078 |
) |
|
Net deferred tax assets (liabilities) |
|
$ |
598 |
|
|
$ |
(1,195 |
) |
|