Cablevision 2011 Annual Report Download - page 186
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COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-62
The income tax expense (benefit) attributable to CSC Holdings' continuing operations differs from the
amount derived by applying the statutory federal rate to pretax income principally due to the effect of the
following items:
Years Ended December 31,
2011 2010 2009
Federal tax expense (benefit) at statutory federal rate ............... $232,987 $235,187 $144,808
State income taxes, net of federal benefit .................................. 45,237 30,263 29,777
Changes in the valuation allowance........................................... 1,822 (2,428) (1,427)
Change in the state rate used to determine deferred taxes, net
of federal benefit .................................................................... 5,800 2,925 (8,510)
Tax expense relating to uncertain tax positions, including
accrued interest, net of deferred tax benefits ......................... 1,699 1,202 (105)
Impact of non-deductible officers' compensation, net ............... 77 3,989 7,264
Other non-deductible expenses .................................................. 3,742 3,246 3,340
Increase in certain state and city net operating loss carry
forwards pursuant to the finalization of an examination
with a taxing authority ........................................................... - (18,951) -
Elimination of state carry forwards pursuant to LLC
conversions ............................................................................ - - 9,095
Research credit .......................................................................... (1,800) (1,800) (1,200)
Tax expense from exclusion of pretax loss of an entity that is
consolidated for financial reporting purposes but not for
income tax purposes ............................................................... 2,509 335 -
Other, net ................................................................................... 525 (3,082) 1,213
Income tax expense ................................................................... $292,598 $250,886 $184,255