(in thousands)

Current

Federal

State

Total Current

Deferred tax expense (benefit)

Federal

State

Total deferred tax benefit

Valuation allowance

Income tax expense

(in thousands)

Deferred tax assets

Net operating loss carryforwards

Accruals and reserves

Depreciation

Other

Valuation allowance

Total deferred tax assets

Accruals and reserves

Share-based compensation

Total deferred tax liabilities

Net deferred tax liabilities