Blizzard 2005 Annual Report Download - page 76

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12. INCOME TAXES
Domestic฀and฀foreign฀income฀before฀income฀taxes฀and฀details฀of฀the฀income฀tax฀provision฀are฀as฀follows฀(amounts฀in฀thousands):
Year ended March 31, 2005 2004 2003
Income฀before฀income฀taxes:
Domestic $ 174,535 $ 84,339 $ 78,761
Foreign 23,128 31,653 24,646
Total $ 197,663 $ 115,992 $ 103,407
Income฀tax฀expense฀(benefit):
Current:
Federal $ (355) $ 502 $ 1,703
State 342 311 413
Foreign 5,126 9,899 7,872
Total฀current 5,113 10,712 9,988
Deferred:
Federal 5,744 14,113 1,794
State (2,707) (871) 3,065
Foreign (2,159) 1,906 (1,504)
Total฀deferred 878 15,148 3,355
Add฀back฀benefit฀credited฀to฀additional฀paid-in฀capital:
Tax฀benefit฀related฀to฀stock฀option฀and฀warrant฀exercises 53,337 12,417 23,884
Income฀tax฀provision $ 59,328 $ 38,277 $ 37,227
page 75
Activision, Inc. — 2005 Annual Report