Rosetta Stone 2015 Annual Report Download - page 95
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Table of Contents
respectively. Additionally, no tax benefits were provided on 2012 losses incurred in foreign jurisdictions where the Company has determined a valuation
allowance is required. As of December 31, 2015, a full valuation allowance was provided for domestic and certain foreign deferred tax assets in those
jurisdictions where the Company has determined the deferred tax assets will more likely than not be realized.
If future events change the outcome of the Company's projected return to profitability, a valuation allowance may not be required to reduce the
deferred tax assets. The Company will continue to assess the need for a valuation allowance.
As of December 31, 2015, the Company had federal, state and foreign tax NOL carryforward amounts and expiration periods as follows (in thousands):
2016-2020
$ —
$ 498
$ —
$ —
$ —
$ —
$ 498
2021-2025
—
1,180
—
—
11,872
607
13,659
2026-2030
—
6,288
—
—
—
152
6,440
2031-2035
39,437
34,008
—
—
—
251
73,696
2036-2040
48,904
38,532
—
—
—
932
88,368
Indefinite
—
—
5,511
13,158
—
—
18,669
Totals
$ 88,341
$ 80,506
$ 5,511
$ 13,158
$ 11,872
$ 1,942
$ 201,330
As of December 31, 2015, the Company had federal and state capital loss carryforward amounts and expiration periods as follows (in thousands):
2016-2020
$ —
$ —
2021-2025
6,837
6,055
2026-2030
—
—
2031-2035
—
360
2036-2040
—
—
Indefinite
—
—
Totals
$ 6,837
$ 6,415
As of December 31, 2015, the Company had federal tax credit carryforward amounts and expiration periods as follows (in thousands):
2016-2020
$ —
2021-2025
1,516
2026-2030
1
2031-2035
—
2036-2040
—
Indefinite
—
Totals
$ 1,517
F-39