Entity information:
INCOME TAXES

The Company's income tax expense for the fiscal years are comprised of the following: 
 
 
2017
 
2016
 
2015
Current federal income tax
 
$
4,619,445

 
$
3,570,814

 
$
2,874,296

Current state income tax
 
929,813

 
1,817,523

 
1,211,077

Deferred income tax (credit)
 
3,109,942

 
(1,100,663
)
 
(717,373
)
Income tax expense
 
$
8,659,200

 
$
4,287,674


$
3,368,000



Significant components of the Company’s deferred income taxes are as follows at: 
 
 
 
December 31,
2017
 
December 25,
2016
Deferred tax assets:
 
 
 
 
 
Allowance for doubtful accounts
 
$
104,289

 
$
155,037

 
Goodwill and intangible assets
 
4,840,582

 
7,532,321

 
Workers’ compensation
 
51,115

 
20,992

 
Contingent consideration
 
1,593,048

 
1,889,013

 
Share-based compensation
 
266,094

 
326,300

Deferred tax liabilities:
 
 
 
 
 
Prepaid expenses
 
(268,456
)
 
(348,515
)
 
Fixed assets
 
(184,159
)
 
(50,920
)
 
Accrued interest
 
—

 
(11,773
)
Deferred income taxes, net
 
$
6,402,513

 
$
9,512,455


 
The Company does not have any net operating loss carry forwards. The Company believes that it is more likely than not that all deferred tax assets will be realized and thus, believes that a valuation allowance is not required as of December 31, 2017 or December 25, 2016.
The income tax provision, reconciled to the tax computed at the statutory federal rate, is as follows: 
 
 
2017
 
2016
 
2015
Tax expense at federal statutory rate of 34%
 
$
4,979,395

34.3
 %
 
$
3,797,828

34.0
%
 
$
2,963,239

34.0
%
State income taxes, net of federal benefit
 
610,691

4.2
 %
 
488,498

4.4
%
 
335,785

3.9
%
Re-measurement of deferred assets
 
3,314,037

22.8
 %
 
—

—
%
 
—

—
%
Equity, permanent differences and other
 
(62,318
)
(0.4
)%
 
1,348

—
%
 
68,976

0.7
%
Work Opportunity Tax Credit
 
(182,605
)
(1.2
)%
 
—

—
%
 
—

—
%
Income tax expense
 
$
8,659,200

59.7
 %
 
$
4,287,674

38.4
%
 
$
3,368,000

38.6
%