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 Taxes [Abstract]  
Components Of Consolidated Income (Losses) From Continuing Operations Before Income Taxes

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

U.S. operations

 

$

3,179 

 

$

1,755 

 

$

(21,430)

Foreign operations

 

 

(3,091)

 

 

449 

 

 

2,391 

Income (loss) before income tax

 

$

88 

 

$

2,204 

 

$

(19,039)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Predecessor Company

 

 

 

 

 

 

 

 

Period from July 1, 2009 to May 28, 2010

 

 

 

 

 

 

 

 

 

 

U.S. operations

 

 

 

 

 

 

 

$

7,530 

Foreign operations

 

 

 

 

 

 

 

 

1,537 

Income before income tax

 

 

 

 

 

 

 

$

9,067 

 

Components Of Income Tax Provision (Benefit)

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

Federal

 

$

10 

 

$

206 

 

$

 -

State and local

 

 

(20)

 

 

41 

 

 

 -

Foreign

 

 

 

 

321 

 

 

 -

 

 

 

(7)

 

 

568 

 

 

 -

Deferred:

 

 

 

 

 

 

 

 

 

Federal

 

 

2,115 

 

 

98 

 

 

(4,344)

State and local

 

 

(1,067)

 

 

(132)

 

 

(885)

Foreign

 

 

(1,605)

 

 

(222)

 

 

 -

 

 

 

(557)

 

 

(256)

 

 

(5,229)

Decrease in valuation allowance for deferred income taxes

 

 

(1,300)

 

 

(3,000)

 

 

(65,000)

 

 

 

(1,857)

 

 

(3,256)

 

 

(70,229)

 

 

 

 

 

 

 

 

 

 

Income tax benefit

 

$

(1,864)

 

$

(2,688)

 

$

(70,229)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Predecessor Company

 

 

 

 

 

 

 

 

Period from July 1, 2009 to May 28, 2010

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

Federal

 

 

 

 

 

 

 

$

1,621 

State and local

 

 

 

 

 

 

 

 

227 

Foreign

 

 

 

 

 

 

 

 

161 

 

 

 

 

 

 

 

 

 

2,009 

Deferred:

 

 

 

 

 

 

 

 

 

Federal

 

 

 

 

 

 

 

 

716 

State and local

 

 

 

 

 

 

 

 

100 

Foreign

 

 

 

 

 

 

 

 

 -

 

 

 

 

 

 

 

 

 

816 

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

 

 

 

 

 

 

$

2,825 

 

Schedule Of Effective Income Tax Rate Reconciliation

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

Computed "expected" income tax expense (benefit)

 

34.0 

%

 

34.0 

%

 

(34.0)

%

Increase (decrease) in income taxes resulting from:

 

 

 

 

 

 

 

 

 

Foreign taxes

 

145.1 

 

 

(2.4)

 

 

 -

 

State income taxes, net of federal income taxes

 

126.2 

 

 

3.5 

 

 

(3.3)

 

Transactions costs

 

682.9 

 

 

 -

 

 

8.4 

 

Change in effective state rate

 

(501.4)

 

 

 -

 

 

 -

 

Change in enacted foreign statutory rates

 

(1,178.1)

 

 

 -

 

 

 -

 

Other

 

365.4 

 

 

(21.0)

 

 

1.4 

 

Decrease in valuation allowance

 

(1,792.3)

 

 

(136.1)

 

 

(341.4)

 

Income tax benefit

 

(2,118.2)

%

 

(122.0)

%

 

(368.9)

%

 

Schedule Of Deferred Tax Assets And Liabilities

 

 

 

 

 

 

 

 

 

December 31,

 

 

2012

 

2011

 

 

 

 

 

 

 

Deferred tax assets:

 

 

 

 

 

 

Net operating loss, capital loss amount and research & experimentation credit carryforwards

 

$

82,140 

 

$

82,016 

Non-cash compensation

 

 

2,717 

 

 

2,888 

Accrued liabilities

 

 

1,968 

 

 

2,092 

Reserves and other

 

 

2,740 

 

 

2,763 

Intangibles

 

 

2,411 

 

 

2,492 

 

 

 

91,976 

 

 

92,251 

Valuation allowance

 

 

(17,610)

 

 

(18,504)

Net deferred tax assets

 

 

74,366 

 

 

73,747 

Deferred tax liabilities:

 

 

 

 

 

 

Depreciation

 

 

(1,219)

 

 

(1,621)

Discount on notes

 

 

(2,383)

 

 

(2,846)

Intangibles

 

 

(26,610)

 

 

(18,012)

Other

 

 

(300)

 

 

(569)

 

 

 

(30,512)

 

 

(23,048)

 

 

 

 

 

 

 

Total

 

$

43,854 

 

$

50,699 

 

Schedule Of Roll Forward Of Valuation Allowance For Deferred Income Tax Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at Beginning of Period

 

Charged (Credited) to Costs and Expenses

 

Other Adjustments (a)

 

Balance at End of Period

 

 

 

 

 

 

 

 

 

 

 

 

 

2010

 

$

88,868 

 

$

(67,364)

 

$

 -

 

$

21,504 

2011

 

 

21,504 

 

 

(3,000)

 

 

 -

 

 

18,504 

2012

 

$

18,504 

 

$

(1,300)

 

$

406 

 

$

17,610 

 

(a)

Increase in valuation allowance due to the acquisition of certain deferred tax assets where the more likely than not criteria was not met. 

 

Summary Of Tax Credit Carryforwards

 

 

 

 

Net Operating Loss Carryforward Expiration Dates

December 31, 2012

 

 

 

 

Expiration Dates
December 31,

 

Net Operating Loss Amount

2020

 

$

27,465 

2021

 

 

50,430 

2022

 

 

115,000 

2023

 

 

5,712 

2024

 

 

3,566 

2025

 

 

1,707 

2026

 

 

476 

2028

 

 

1,360 

2029

 

 

4,074 

2030

 

 

4,405 

Total

 

 

214,195 

Tax windfall

 

 

(1,853)

After limitations

 

$

212,342