Urban Outfitters 2012 Annual Report Download - page 72

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Table of Contents
URBAN OUTFITTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(in thousands, except share and per share data)
The components of the provision for income tax expense are as follows:
Fiscal Year Ended January 31,
2012 2011 2010
Current:
Federal $ 93,244 $ 127,390 $ 107,350
State 14,199 19,492 13,216
Foreign 8,287 6,095 1,786
115,730 152,977 122,352
Deferred:
Federal (11,292) (6,698) 2,960
State 124 (1,906) (365)
Foreign (982) (123) (434)
(12,150) (8,727) 2,161
$ 103,580 $ 144,250 $ 124,513
The Company's effective tax rate was different than the statutory U.S. federal income tax rate for the following reasons:
Fiscal Year Ended January 31,
2012 2011 2010
Expected provision at statutory U.S. federal tax rate 35.0% 35.0% 35.0%
State and local income taxes, net of federal tax benefit 3.2 3.2 2.3
Foreign taxes (2.1) (2.1) (0.6)
Federal rehabilitation tax credits — (0.8) —
Other (0.2) (0.7) (0.5)
Effective tax rate 35.9% 34.6% 36.2%
F-21