Enom 2015 Annual Report Download - page 54

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52
Net interest expense was $4.4 million for the year ended December 31, 2014, an increase of $2.8 million from $1.6
million in the same period in 2013. The increase was primarily due to an increased balance outstanding under our
previous credit facility and a $1.7 million write-off of debt issuance costs associated with terminating our credit facility
in November 2014.
Other Income (Expense), Net
Net other income for the year ended December 31, 2015 increased by $2.4 million to $3.1 million compared to
$0.7 million for the year ended December 31, 2014, primarily due to the gain on sale of our Pluck business.
Net other income for the year ended December 31, 2014 increased by $0.6 million compared to the year ended
December 31, 2013, primarily due to a $0.8 million gain on sale from dispositions during the 2014 period.
Income Tax Benefit (Expense)
During the year ended December 31, 2015, we recorded an income tax expense of $0.1 million compared to an
income tax benefit of $14.7 million during the year ended December 31, 2014. The change was primarily due to the tax
effect arising from the impairment of goodwill and its impact on our valuation allowance for the year ended December
31, 2014. Income tax expense for the year ended December 31, 2015 is primarily related to minimal state and foreign
income tax expenses.
During the year ended December 31, 2014, we recorded an income tax benefit of $14.7 million compared to an
income tax expense of $2.9 million during the year ended December 31, 2013, representing a $17.6 million decrease.
The decrease was primarily due to a reduction of tax amortization of goodwill from the impairment of goodwill and its
impact on our valuation allowance.