WeightWatchers 2008 Annual Report Download - page 42

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but $0.6 million of its remaining valuation allowance relating to its foreign operations. This amount was
subsequently reversed in fiscal 2006 due to the utilization of the net operating loss carryforwards. During the
fourth quarter of fiscal 2006, we recorded a tax benefit of $6.3 million by reversing tax reserves which due to the
resolution of certain tax matters were no longer necessary, partially offset by adjustments to our tax valuation
allowance for foreign tax net operating loss carryforwards.
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