Harman Kardon 2011 Annual Report Download - page 94

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At June 30, 2011, we are obligated for the following minimum lease commitments under terms of
non-cancelable lease agreements:
Capital
Leases
Operating
Leases
2012 ............................................................ $442 $ 43,155
2013 ............................................................ 0 41,144
2014 ............................................................ 0 37,671
2015 ............................................................ 0 31,718
2016 ............................................................ 0 28,377
Thereafter ........................................................ 0 74,943
Total minimum lease payments ....................................... 442 $257,008
Operating lease expense was $44.8 million, $40.9 million and $48.5 million for each of the fiscal years
ended June 30, 2011, 2010 and 2009, respectively.
Note 13 – Income Taxes
Income (loss) from continuing operations before income taxes for the years ended June 30, 2011, 2010 and
2009 were as follows:
Year Ended June 30,
2011 2010 2009
Domestic (loss) income ........................................... $(14,410) $11,818 $(253,705)
Foreign income (loss) ............................................. 174,630 37,259 (274,905)
Income (loss) from continuing operations before income taxes ............. $160,220 $49,077 $(528,610)
Income tax expense (benefit) from continuing operations for the years ended June 30, 2011, 2010 and 2009
consisted of the following:
Year Ended June 30,
2011 2010 2009
Current:
Federal ..................................................... $ 5,411 $(3,875) $ 2,430
State ....................................................... 1,028 (370) 300
Foreign ..................................................... 26,791 9,379 2,769
Current income tax expense ......................................... 33,230 5,134 5,499
Deferred:
Federal ..................................................... (10,022) 9,695 (63,161)
State ....................................................... (255) 0 0
Foreign ..................................................... 1,351 (6,219) (49,355)
Deferred income tax (benefit) expense ................................ (8,926) 3,476 (112,516)
Total income tax expense (benefit), net ................................ $24,304 $ 8,610 $(107,017)
Cash paid for Federal, state and foreign income taxes were $9.6 million, $2.3 million and $3.5 million
during the fiscal years ended June 30, 2011, 2010 and 2009, respectively.
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