Lifetime Fitness 2013 Annual Report Download - page 73

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LIFE TIME FITNESS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Table amounts in thousands, except share and per share data)
67
6. Income Taxes
The provision for income taxes is comprised of:
For the Year Ended December 31,
2013 2012 2011
Current tax expense
Federal $ 64,059 $ 67,039 $ 50,213
State and local 7,000 7,653 6,358
Total current tax expense 71,059 74,692 56,571
Deferred tax expense
Federal 6,082 (2,429) 5,379
State and local 1,514 417 178
Total deferred tax expense 7,596 (2,012) 5,557
Non-current tax expense (benefit) — 17 (318)
Income tax provision $ 78,655 $ 72,697 $ 61,810
The amount of deferred tax expense does not reconcile to the change in the deferred tax year end balances due to the
tax effect of other comprehensive income or additional paid-in capital items.
The reconciliation between our effective tax rate on income before income taxes and the statutory tax rate is as
follows:
For the Year Ended December 31,
2013 2012 2011
Income tax provision at federal statutory rate $ 70,128 $ 64,482 $ 54,049
State and local income taxes, net of federal tax benefit 8,514 8,070 6,536
Other, net 13 145 1,225
Income tax provision $ 78,655 $ 72,697 $ 61,810
Deferred income taxes are the result of provisions of the tax laws that either require or permit certain items of
income or expense to be reported for tax purposes in different periods than they are reported for financial reporting.
The tax effect of temporary differences that gives rise to the net deferred tax liability are as follows: