LensCrafters 2009 Annual Report Download - page 75

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NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS | 73 <
Amortization expense for 2009, 2008 and 2007 was Euro 83.1 million, Euro 73.9 million and Euro 69.6 mil-
lion, respectively. Estimated annual amortization expense relating to identiļ¬able assets is shown below
(thousands of Euro):
Years ending December 31,
2010 83,593
2011 82,457
2012 80,445
2013 79,640
2014 74,907
8. INCOME TAXES
Income before provision for income taxes and the provision for income taxes consisted of the following
(thousands of Euro):
2009 2008 2007
Income before provision for income taxes
Italian companies 185,243 199,793 317,637
US companies 153,396 172,609 319,154
Other foreign companies 155,644 217,468 143,890
Total income before provision for income taxes 494,283 589,870 780,681
Provision for income taxes
Current
Italian companies 79,465 87,333 156,198
US companies 48,016 29,975 116,785
Other foreign companies 42,404 55,985 61,742
Total provision for current income taxes 169,886 173,293 334,725
Deferred
Italian companies (10,570) (7,757) (47,736)
US companies 9,288 39,517 (10,592)
Other foreign companies (1,187) (10,396) (2,896)
Total provision for deferred income taxes (2,469) 21,364 (61,224)
Total taxes 167,416 194,657 273,501
The Italian statutory tax rate is the result of two components: national ("IRES") and regional ("IRAP") tax.
IRAP could have a substantially different base for its computation than IRES.
Reconciliation between the Italian statutory tax rate and the effective tax rate is as follows: