Henry Schein 2012 Annual Report Download - page 97
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
(in thousands, except per share data)
87
Note 12 – Income Taxes
Income before taxes and equity in earnings of affiliates was as follows:
Years ended
December 29, December 31, December 25,
2012 2011 2010
Domestic ................................................................................................
.
$ 466,457 $ 403,171 $ 343,502
Foreign ...................................................................................................
.
137,731 166,136 158,533
Total .................................................................................................
.
$ 604,188 $ 569,307 $ 502,035
The provisions for income taxes were as follows:
Years ended
December 29, December 31, December 25,
2012 2011 2010
Current income tax expense:
U.S. Federal .............................................................................
.
$ 121,591 $ 125,148 $ 108,540
State and local .........................................................................
.
23,279 30,423 22,227
Foreign ....................................................................................
.
32,916 43,960 35,353
Total current ........................................................................
.
177,786 199,531 166,120
Deferred income tax expense (benefit):
U.S. Federal .............................................................................
.
9,242 (12,466) (9,096)
State and local .........................................................................
.
946 (1,782) (1,299)
Foreign ....................................................................................
.
(116) (5,071) 4,344
Total deferred ......................................................................
.
10,072 (19,319) (6,051)
Total provision ...............................................................
.
$ 187,858 $ 180,212 $ 160,069