GameStop 2012 Annual Report Download - page 105

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GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The components of earnings (loss) before income tax expense consisted of the following:
53 Weeks
Ended
February 2,
2013
52 Weeks
Ended
January 28,
2012
52 Weeks
Ended
January 29,
2011
(In millions)
United States ..................................... $547.2 $551.9 $553.8
International ...................................... (592.1) (2.8) 67.6
Total ............................................ $ (44.9) $549.1 $621.4
The difference in income tax provided and the amounts determined by applying the statutory rate to
earnings (loss) before income taxes resulted from the following:
53 Weeks
Ended
February 2,
2013
52 Weeks
Ended
January 28,
2012
52 Weeks
Ended
January 29,
2011
Federal statutory tax rate ............................ 35.0% 35.0% 35.0%
State income taxes, net of federal effect ................ (27.7) 2.6 1.7
Foreign income taxes ............................... 5.6 1.3 0.3
Nondeductible goodwill impairments .................. (488.6) — —
Change in valuation allowance ....................... (22.5) 0.1 0.1
Other (including permanent differences) ................ (2.7) (0.6) (2.6)
(500.9)% 38.4% 34.5%
F-30