Audiovox 2010 Annual Report Download - page 89

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Audiovox Corporation and Subsidiaries
Notes to Consolidated Financial Statements, continued
February 28, 2010
(Dollars in thousands, except share and per share data)
The following is a maturity table for debt and bank obligations outstanding at February 28, 2009:
Total
Amounts
Committed 2011 2012 2013 2014 2015
Bank Obligations $ 1,703 $ 1,703 $ - $ - $ - $ -
Debt 12,996 6,383 4,536 1,384 693 -
Total $ 14,699 $ 8,086 $ 4,536 $ 1,384 $ 693 $ -
8) Income Taxes
The components of income (loss) from continuing operations before the provision for income taxes are as follows:
Year Year Year
Ended Ended Ended
February 28, February 28, February 29,
2010 2009 2008
Domestic Operations $ 4,569 $ (56,786) $ (1,262)
Foreign Operations 6,586 832 11,856
$ 11,155 $ (55,954) $ 10,594
The (benefit) provision for income taxes is comprised of the following:
Year Year Year
Ended Ended Ended
February 28, February 28, February 29,
2010 2009 2008
Current provision (benefit)
Federal $ (11,326) $ 522 $ 314
State (1,349) 443 450
Foreign (605) 328 4,282
Total current provision (benefit) $ (13,280) $ 1,293 $ 5,046
Deferred (benefit) provision
Federal $ 1,374 $ 12,446 $ (1,303)
State 157 1,617 121
Foreign 421 (281) (16)
Total deferred (benefit) provision $ 1,952 $ 13,782 $ (1,198)
Total provision (benefit)
Federal $ (9,952) $ 12,968 $ (989)
State (1,192) 2,060 571
Foreign (184) 47 4,266
Total provision (benefit) $ (11,328) $ 15,075 $ 3,848
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Source: AUDIOVOX CORP, 10-K, May 14, 2010 Powered by Morningstar® Document Research℠