Enom 2011 Annual Report Download - page 102

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December 31,
2009 December 31,
2010 December 31,
2011
Current (expense) benefit
Federal $ (7) $ — $ 10
State (175) (709) (1,011)
International (382) (208) (6)
Deferred (expense) benefit
Federal (2,807) (2,910) (2,551)
State 600 (74) (640)
International — 4 21
Total income tax benefit (expense) $ (2,771) $ (3,897) $ (4,177)
The reconciliation of the federal statutory income tax rate of 35% to the Company's effective income tax rate is as follows:
December 31,
2009 December 31,
2010 December 31,
2011
Expected income tax benefit (expense) at U.S. statutory rate $ 6,895 $ 489 $ 5,022
Difference between U.S. and foreign taxes (324) (126) (124)
State tax (expense) benefit, net of federal taxes 743 (433) 825
Non-deductible stock-based compensation (937) (748) (295)
Meals and entertainment (125) (178) (260)
State rate changes (623) (350) (787)
Indirect federal impact of state deferred taxes 138 274 (9)
Valuation allowance (8,743) (2,985) (8,241)
Other 205 160 (308)
Total income tax benefit (expense) $ (2,771) $ (3,897) $ (4,177)
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31,
2010 and 2011 are presented below:
F-23