INCOME TAXES (Tables)
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12 Months Ended |
Dec. 31, 2015 |
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| Income Tax Disclosure [Abstract] |
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| Summary of Changes in Gross Amount of Unrecognized Tax Benefits |
A summary of the changes in the gross amount of unrecognized tax benefits is as follows: | | | December 31, 2015 | | | | | (Dollars in thousands) | | | Balance at January 1, 2015 | | $ | 508 | | | Additions based on tax positions related to the current year | | | | | | Additions based on tax positions related to prior years | | | | | | Reductions related to tax positions of prior years | | | | | | Decrease due to statute expirations | | | (417) | | | Related interest and penalties, net of federal tax benefits | | | 9 | | | Balance as of December 31, 2015 | | $ | 100 | |
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| Schedule of Consolidated Provision (Benefit) for Income Taxes from Continuing Operations |
The consolidated provision (benefit) for income taxes from continuing operations for Salem consisted of the following: | | | December 31, | | | | | 2013 | | 2014 | | 2015 | | | | | (Dollars in thousands) | | | Current: | | | | | | | | | | | | Federal | | $ | | | $ | | | $ | | | | State | | | 193 | | | 269 | | | 249 | | | | | | 193 | | | 269 | | | 249 | | | Deferred: | | | | | | | | | | | | Federal | | | (1,075) | | | 3,932 | | | 6,234 | | | State | | | (3,310) | | | 564 | | | 212 | | | | | | (4,385) | | | 4,496 | | | 6,446 | | | Provision for (benefit from) income taxes | | $ | (4,192) | | $ | 4,768 | | $ | 6,695 | |
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| Schedule of Consolidated Deferred Tax Asset and Liability |
The consolidated deferred tax asset and liability consisted of the following: | | | December 31, | | | | | 2014 | | 2015 | | | | | | | | | | | | | | (Dollars in thousands) | | | Deferred tax assets: | | | | | | | | | Financial statement accruals not currently deductible | | $ | 8,045 | | $ | 9,699 | | | Net operating loss, AMT credit and other carryforwards | | | 72,618 | | | 71,593 | | | State taxes | | | 108 | | | 114 | | | Other | | | 3,821 | | | 3,785 | | | Total deferred tax assets | | | 84,592 | | | 85,191 | | | Valuation allowance for deferred tax assets | | | (2,952) | | | (2,771) | | | Net deferred tax assets | | $ | 81,640 | | $ | 82,420 | | | Deferred tax liabilities: | | | | | | | | | Excess of net book value of property and equipment and software for financial reporting purposes over tax basis | | $ | 3,000 | | $ | 2,826 | | | Excess of net book value of intangible assets for financial reporting purposes over tax basis | | | 118,773 | | | 127,078 | | | Interest rate swap | | | 187 | | | (315) | | | Unrecognized tax benefits | | | 508 | | | 100 | | | Other | | | 128 | | | | | | Total deferred tax liabilities | | | 122,596 | | | 129,689 | | | Net deferred tax liabilities | | $ | (40,956) | | $ | (47,269) | |
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| Schedule of Reconciliation of Net Deferred Tax Liabilities to Financial Instrument |
The following table reconciles the above net deferred tax liabilities to the financial statements: | | | December 31, | | | | | 2014 | | 2015 | | | | | (Dollars in thousands) | | | Deferred income tax asset per balance sheet | | $ | 8,153 | | $ | 9,813 | | | Deferred income tax liability per balance sheet | | | (49,109) | | | (57,082) | | | | | $ | (40,956) | | $ | (47,269) | |
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| Schedule of Reconciliation of Statutory Federal Income Tax Rate to Provision for Income Tax |
A reconciliation of the statutory federal income tax rate to the provision for income tax is as follows: | | | Year Ended December 31, | | | | | 2013 | | 2014 | | 2015 | | | | | (Dollars in thousands) | | | Statutory federal income tax rate (at 35%) | | $ | (2,411) | | $ | 3,584 | | $ | 6,246 | | | Effect of state taxes, net of federal | | | (2,025) | | | 542 | | | 300 | | | Permanent items | | | 270 | | | 613 | | | 445 | | | Other, net | | | (26) | | | 26 | | | (296) | | | Provision for income taxes | | $ | (4,192) | | $ | 4,765 | | $ | 6,695 | |
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