Callaway 2014 Annual Report Download - page 93

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F-25
Note 12. Income Taxes
The Company’s income (loss) before income tax provision was subject to taxes in the following jurisdictions for the
following periods (in thousands):
Years Ended December 31,
2014 2013 2012
United States ............................................................................................................... $ 6,981 $ (28,622)$
(134,384)
Foreign ........................................................................................................................ 14,658 15,300 16,338
$ 21,639 $ (13,322)$
(118,046)
The expense (benefit) for income taxes is comprised of (in thousands):
Years Ended December 31,
2014 2013 2012
Current tax provision (benefit):
Federal.................................................................................................................. $ 496 $ 195 $ (357)
State...................................................................................................................... 612 382 130
Foreign ................................................................................................................. 4,930 6,487 6,804
6,038 7,064 6,577
Deferred tax expense (benefit):
Federal.................................................................................................................. (1,549) 1,100 (1,448)
State...................................................................................................................... 70 (817)92
Foreign ................................................................................................................. 1,072 (1,748)(321)
(407)(1,465)(1,677)
Income tax provision................................................................................................... $ 5,631 $ 5,599 $ 4,900