NetZero 2011 Annual Report Download - page 74

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Table of Contents
Interest Income
Consolidated interest income remained relatively consistent for the year ended December 31, 2010, compared to the year ended
December 31, 2009.
Interest Expense
The decrease in consolidated interest expense was primarily due to declining debt balances as a result of repayments on our credit facilities.
Other Income, Net
Other income, net, for the year ended December 31, 2009 included non-operating income related to a non-income tax refund and a
favorable legal settlement.
Provision for Income Taxes
The year-over-year effective income tax rate declined primarily due to the benefit from lower non-deductible stock-based compensation,
offset by a year-over-year decrease in discrete income tax benefits.
71
Year Ended December 31, Change
2010
2009
$
%
(in thousands, except percentages)
Interest income
$
1,673
$
1,545
$
128
8
%
Year Ended December 31,
Change
2010
2009
$
%
(in thousands, except percentages)
Interest expense
$
24,900
$
33,524
$
(8,624
)
(26
)%
Year Ended December 31,
Change
2010
2009
$
%
(in thousands, except percentages)
Other income, net
$
452
$
4,215
$
(3,763
)
(89
)%
Year Ended December 31,
2010
2009
(in thousands, except percentages)
Provision for income taxes
$
36,228
$
48,144
Effective income tax rate
40.3
%
40.7
%