Enom 2012 Annual Report Download - page 107

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F-24
The income tax benefit (expense) consists of the following:
2010 2011 2012
Current (expense) benefit
Federal $ — $ 10 $ —
State (709)(1,011) 314
International (208)(6) 101
Deferred (expense) benefit
Federal (2,910)(2,551)(3,320)
State (74)(640) 1,141
International 4 21 (19)
Total income tax benefit (expense) $ (3,897) $ (4,177) $ (1,783)
The reconciliation of the federal statutory income tax rate of 35% to the Company's effective income tax rate is as
follows:
2010 2011 2012
Expected income tax benefit (expense) at U.S. statutory rate $ 489 $ 5,022 $ (2,786)
Difference between U.S. and foreign taxes (126)(124)(474)
State tax (expense) benefit, net of federal taxes (433) 825 (312)
Non-deductible stock-based compensation (748)(295)(592)
Meals and entertainment (178)(260)(286)
Non-deductible officer compensation — — (402)
State rate changes (350)(787) 1,487
Indirect federal impact of state deferred taxes 274 (9)(218)
Valuation allowance (2,985)(8,241) 1,538
Other 160 (308) 262
Total income tax expense $ (3,897) $ (4,177) $ (1,783)
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, 2011 and 2012 are presented below: