TeleNav 2013 Annual Report Download - page 95

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Table of Contents
The domestic and foreign components of income (loss) before provisions for income taxes were as follows (in thousands):
The provision for income taxes consists of the following (in thousands):
The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate as follows (in thousands):
F-22
9.
Income taxes
Fiscal Year Ended June 30,
2013
2012
2011
United States
$
4,724
$
44,727
$
72,645
Foreign
1,950
638
534
Income from continuing operations
$
6,674
$
45,365
$
73,179
Income (loss) from discontinued operations
11,712
949
(3,412
)
Total income before provision for income taxes
$
18,386
$
46,314
$
69,767
Fiscal Year Ended June 30,
2013
2012
2011
Current income taxes:
Federal
$
2,823
$
14,476
$
22,294
State
176
(2,214
)
5,601
Foreign
487
214
245
Total current income taxes
3,486
12,476
28,140
Deferred income taxes:
Federal
(2,315
)
1,045
(599
)
State
(78
)
38
1,051
Total deferred income taxes
(2,393
)
1,083
452
Provision for income taxes from continuing operations
1,093
13,559
28,592
Provision (benefit) for income taxes from discontinued operations
4,226
347
(1,399
)
Total provision for income taxes
$
5,319
$
13,906
$
27,193
Fiscal Year Ended June 30,
2013
2012
2011
Tax at federal statutory tax rate
$
6,435
$
16,210
$
24,418
State taxes—net of federal benefit
146
739
4,191
Non-deductible expenses
522
178
143
Research and development credits
(1,200
)
(441
)
(652
)
Section 199 deduction
(561
)
(870
)
(1,252
)
Foreign income taxed at different rates
(195
)
374
58
Stock-based compensation expense
1,291
860
763
Tax benefit from California tax ruling
—
(
2,144
)
—
Transfer pricing adjustment
(1,002
)
(222
)
—
Tax exempt income
(364
)
(337
)
(195
)
Other
247
(441
)
(281
)
Total provision for income taxes
$
5,319
$
13,906
$
27,193