Chili's 2008 Annual Report Download - page 60

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BRINKER INTERNATIONAL, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
8. ACCRUED AND OTHER LIABILITIES (Continued)
Other liabilities consist of the following (in thousands):
2008 2007
Straight-line rent .................................. $ 57,584 $ 58,887
Insurance ....................................... 43,146 37,129
Landlord contributions ............................. 30,907 31,049
Unrecognized tax benefits (see Note 9) ................. 23,701 —
Other .......................................... 14,922 15,485
$170,260 $142,550
9. INCOME TAXES
The provision for income taxes from continuing operations consists of the following (in thousands):
2008 2007 2006
Current income tax expense:
Federal ............................... $59,500 $ 94,418 $ 98,267
State ................................. 10,959 13,259 12,170
Foreign ............................... 1,808 1,431 1,391
Total current income tax expense .......... 72,267 109,108 111,828
Deferred income tax benefit:
Federal ............................... (62,646) (18,756) (18,638)
State ................................. (6,489) (1,931) (1,742)
Total deferred income tax benefit .......... (69,135) (20,687) (20,380)
$ 3,132 $ 88,421 $ 91,448
A reconciliation between the reported provision for income taxes from continuing operations and the
amount computed by applying the statutory Federal income tax rate of 35% to income before provision for
income taxes is as follows (in thousands):
2008 2007 2006
Income tax expense at statutory rate ........... $19,197 $111,465 $106,889
FICA tax credit .......................... (23,835) (23,307) (22,774)
State income taxes, net of Federal benefit ....... 2,902 7,363 6,778
Tax settlements ........................... — (6,790) (5,529)
Stock-based compensation ................... (289) 576 4,077
Other .................................. 5,157 (886) 2,007
$ 3,132 $ 88,421 $ 91,448
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