NetSpend 2015 Annual Report Download - page 71
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Note 14 Other Current Liabilities
Significant components of other current liabilities as of December 31, 2015 and 2014 are summarized as follows:
(in thousands) 2015 2014
Deferred revenues ............................................................ $ 39,863 41,773
Accrued expenses ............................................................. 26,017 23,617
Dividends payable ............................................................ 19,367 19,006
Other ....................................................................... 81,332 70,409
Total ...................................................................... $166,579 154,805
Note 15 Income Taxes
The provision for income taxes includes income taxes currently payable and those deferred because of temporary
differences between the financial statement carrying amounts and tax bases of assets and liabilities.
The components of income tax expense included in the Consolidated Statements of Income were as follows:
Years Ended December 31,
(in thousands) 2015 2014 2013
Current income tax expense:
Federal ......................................................... $139,228 126,203 74,327
State ........................................................... 9,255 5,161 2,949
Foreign ......................................................... 4,762 7,694 6,822
Total current income tax expense ................................. 153,245 139,058 84,098
Deferred income tax expense (benefit):
Federal ......................................................... (2,198) (3,623) 27,447
State ........................................................... 442 (2,039) (55)
Foreign ......................................................... (125) (3,635) (509)
Total deferred income tax expense (benefit) ......................... (1,881) (9,297) 26,883
Total income tax expense ...................................... $151,364 129,761 110,981
Years Ended December 31,
(in thousands) 2015 2014 2013
Components of income before income tax expense:
Domestic ..................................................... $488,515 369,888 328,052
Foreign ....................................................... 8,373 23,041 24,424
Total income before income tax expense ............................. $496,888 392,929 352,476
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