Invacare 2009 Annual Report Download - page 96

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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Charges Related to Restructuring Activities—Continued
Severance
Product Line
Discontinuance
Contract
Terminations Other Total
Accruals
NA/HME ................................. 301 — (41) — 260
ISG...................................... 60 — — — 60
IPG...................................... 49 — — — 49
Europe ................................... 1,426 — — 1,826 3,252
Asia/Pacific ............................... 1,153 — 30 — 1,183
Total ..................................... $2,989 $— $ (11) $ 1,826 $ 4,804
Payments
NA/HME ................................. (481) — (92) — (573)
ISG...................................... (60) — — — (60)
IPG...................................... (44) — — — (44)
Europe ................................... (1,157) — — (1,603) (2,760)
Asia/Pacific ............................... (1,111) — (30) — (1,141)
Total ..................................... $(2,853) $— $(122) $(1,603) $(4,578)
December 31, 2009 Balance
NA/HME ................................. 46 1 23 — 70
IPG...................................... 5 — — — 5
Europe ................................... 816 — — 343 1,159
Asia/Pacific ............................... 42 — — — 42
Total ..................................... $ 909 $ 1 $ 23 $ 343 $1,276
Income Taxes
Earnings (loss) before income taxes consist of the following (in thousands):
2009 2008 2007
Domestic ........................................................ $ (797) $(10,138) $(43,273)
Foreign .......................................................... 48,076 57,945 54,859
$47,279 $ 47,807 $ 11,586
The company has provided for income taxes (benefits) as follows (in thousands):
2009 2008 2007
Current:
Federal ........................................................... $(8,310) $ 560 $ (2,340)
State ............................................................. 1,775 (600) 1,430
Foreign ........................................................... 10,850 11,570 8,180
4,315 11,530 7,270
Deferred:
Federal ........................................................... — 190 3,230
Foreign ........................................................... 1,785 1,230 2,800
1,785 1,420 6,030
Income Taxes ...................................................... $ 6,100 $12,950 $13,300
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