Rosetta Stone 2014 Annual Report Download - page 93

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Table of Contents





2015-2019
$ —
2020-2024
651
2025-2029
457
2030-2034
570
2035-2039
—
Indefinite
—
Totals
$ 1,678
The components of income (loss) before income taxes and the provision for taxes on income consists of the following (in thousands):




United States
$ (60,434)
$ (14,360)
$ (933)
Foreign
(19,761)
(3,658)
(4,143)
Loss before income taxes
$ (80,195)
$ (18,018)
$ (5,076)
Current:
Federal
$ 29
$ 155
$ 288
State
23
123
333
Foreign
1,258
1,709
2,150
Total current
$ 1,310
$ 1,987
$ 2,771
Deferred:
Federal
$ (5,425)
$ (3,972)
$ 20,075
State
(797)
(112)
3,278
Foreign
(1,577)
213
2,785
Total deferred
(7,799)
(3,871)
26,138
Provision (benefit) for income taxes
$ (6,489)
$ (1,884)
$ 28,909
Reconciliation of income tax provision (benefit) computed at the U.S. federal statutory rate to income tax expense (benefit) is as follows (in thousands):




Income tax benefit at statutory federal rate
$ (28,068)
$ (6,306)
$ (2,024)
State income tax expense, net of federal income tax effect
(782)
7
216
Domestic production activities deduction
—
—
(81)
Acquired intangibles
—
(859)
—
Other nondeductible expenses
482
1,105
504
Tax rate differential on foreign operations
276
(264)
(346)
Increase in valuation allowance
21,772
4,263
28,679
Tax audit settlements
—
—
281
Change in prior year estimates
(69)
(17)
1,608
Other tax credits
(102)
—
—
Other
2
187
72
Income tax expense (benefit)
$ (6,489)
$ (1,884)
$ 28,909
F-36