Cablevision 2012 Annual Report Download - page 183

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-55
The income tax expense attributable to Cablevision's continuing operations differs from the amount
derived by applying the statutory federal rate to pretax income principally due to the effect of the
following items:
Years Ended December 31,
2012 2011 2010
Federal tax expense at statutory rate .......................................... $20,014 $148,083 $112,531
State income taxes, net of federal benefit .................................. 1,765 29,236 11,784
Changes in the valuation allowance........................................... 5,480 1,822 (2,428)
Change in the state rate used to determine deferred taxes, net
of federal benefit .................................................................... 1,188 (1,015) 5,842
Tax expense (benefit) relating to uncertain tax positions,
including accrued interest, net of deferred tax benefits.......... (2,659) 1,699 1,202
Impact of non-deductible officers' compensation ...................... 470 77 3,989
Other non-deductible expenses .................................................. 3,470 3,742 3,246
Increase in certain state and local net operating loss carry
forwards pursuant to the finalization of an examination
with a taxing authority ........................................................... - - (18,951)
Increase in the state rate used to determine the deferred tax
asset for certain state tax loss carry forwards pursuant to
LLC conversions of certain subsidiaries ................................ (3,935) - -
Research credit .......................................................................... - (1,800) (1,800)
Tax expense (benefit) from exclusion of pretax loss
(income) of an entity that is not consolidated for income
tax purposes ........................................................................... (2,605) 2,509 335
Other, net ................................................................................... 633 83 (1,983)
Income tax expense ................................................................... $23,821 $184,436 $113,767