Annual report pursuant to section 13 and 15(d)

Income Taxes (Tables)

v2.4.0.6
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2012
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income taxes consist of the following:

     
  Federal   State and Local   Total
2012:                           
Current   $ —     $ 514     $ 514  
Deferred     527       350       877  
Benefit applied to reduce goodwill     —       71       71  
     $ 527     $ 935     $ 1,462  
2011:                           
Current   $  —      $ 311     $ 311  
Deferred     (14,066 )      (2,524 )      (16,590 ) 
Benefit applied to reduce goodwill     —       84       84  
     $ (14,066 )    $ (2,129 )    $ (16,195 ) 
2010:                           
Current   $ (75 )    $ 208     $ 133  
Deferred     617       76       693  
Benefit applied to reduce goodwill     —       35       35  
     $ 542     $ 319     $ 861  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate (34%) to pre-tax loss as a result of the following differences:

     
  2012   2011   2010
Loss before income taxes   $ (14,892 )    $ (12,302 )    $ (10,090 ) 
Benefit under statutory U.S. tax rates     (5,063 )      (4,183 )      (3,431 ) 
Increase (decrease) in taxes resulting from:                           
Increase (decrease) in valuation allowance     8,500       (12,600 )      3,615  
Change in fair value of contingent consideration not taxable     (2,844 )      —       —  
Other nondeductible items     346       129       319  
State taxes     340       206       137  
Other, net     183       253       221  
Income tax expense (benefit)   $ 1,462     $ (16,195 )    $ 861
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred tax amounts are comprised of the following at December 31:

   
  2012   2011
Deferred tax assets (liabilities):                  
Net operating loss carryforwards   $ 37,619     $ 31,558  
AMT credit carryforward     303       303  
Accrued expenses     1,697       1,572  
Compensation and benefits     12,934       10,809  
Deferred compensation liability     6,877       7,163  
Depreciation and amortization     (2,272 )      (2,438 ) 
Other     18       45  
Unrealized gain     936       991  
Intangibles     (25,185 )      (25,760 ) 
Goodwill     (5,465 )      (5,284 ) 
       27,462       18,959  
Valuation allowance     (34,007 )      (25,507 ) 
Net deferred taxes   $ (6,545 )    $ (6,548 )