iRobot 2012 Annual Report Download - page 109

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iROBOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
59
10. Income Taxes
The components of income tax expense were as follows:
Fiscal Year Ended
December 29,
2012 December 31,
2011 January 1,
2011
(In thousands)
Current
Federal $ 12,540 $ 10,088 $ 14,353
State 473 1,600 1,685
Foreign (8) 196 112
Total current tax provision 13,005 11,884 16,150
Deferred
Federal (4,003) 2,166 (4,196)
State (692) (700) (3,494)
Total deferred tax provision (4,695) 1,466 (7,690)
Total income tax provision $ 8,310 $ 13,350 $ 8,460
In certain jurisdictions, an insignificant provision has been made for deferred taxes on undistributed earnings of non-U.S.
subsidiaries that the Company expects to distribute in 2013. In other jurisdictions, for the remaining undistributed earnings of
non-U.S. subsidiaries, no provision has been made for deferred taxes as these earnings have been indefinitely
reinvested. Determination of the amount of unrecognized deferred tax liability on these undistributed earnings is not
practicable. As of December 29, 2012, a deferred tax liability has not been established for approximately $0.1 million of
cumulative undistributed earnings of non-U.S. subsidiaries, as the Company plans to keep these amounts permanently
reinvested overseas.
Form 10-K