PATRIOT TRANSPORTATION HOLDING INC | 2013 | FY | 3


(in thousands)      2013       2012  
Deferred tax liabilities:                
 Property and equipment   $ 22,650       18,535  
 Depletion     479       453  
 Unrealized rents     1,803       1,608  
 Prepaid expenses     1,306       1,913  
  Gross deferred tax liabilities     26,238       22,509  
Deferred tax assets:                
 Insurance liabilities     786       1,744  
 Employee benefits and other     2,758       2,508  
Gross deferred tax assets     3,544       4,252  
Net deferred tax liability   $ 22,694       18,257  


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