Nautilus 2010 Annual Report Download - page 47

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Table of Contents
Components of net deferred income tax liability in the Company's consolidated balance sheets as of December 31, 2010 and 2009 were as
follows (in thousands):
Following is a reconciliation of the U.S. statutory federal income tax rate with the Company's effective income tax (expense) benefit rate for
continuing operations in years ended December 31, 2010 and 2009 :
45
December 31,
2010 2009
Deferred income tax assets:
Accrued liabilities
$
3,227
$
4,762
Allowance for doubtful accounts
13
119
Inventory valuation
408
893
Capitalized indirect inventory costs
167
249
Stock-based compensation expense
781
929
Net operating loss carryforward
36,933
24,216
Basis difference on assets held-for-sale
1,702
1,951
Capital loss carryforward
4,319
4,319
Basis difference on long-lived assets
10,110
13,262
Other
3,553
4,149
61,213
54,849
Less: Valuation allowance
(59,550
)
(53,712
)
Total deferred income tax assets
1,663
1,137
Deferred income tax liabilities:
Prepaid advertising
(301
)
(270
)
Other prepaids
(366
)
(368
)
Basis difference on long-lived assets
(2,135
)
(1,860
)
Undistributed earnings of foreign subsidiaries
(34
)
(113
)
Other
(543
)
—
Total deferred income tax liabilities
(3,379
)
(2,611
)
Net deferred income tax liability
$
(1,716
)
$
(1,474
)
December 31,
2010 2009
Current deferred income tax assets
$
57
$
54
Current deferred income tax liabilities
(1,160
)
(1,220
)
Non-current deferred income tax assets, included in “Other assets”
395
446
Non-current deferred income tax liabilities
(1,008
)
(754
)
Net deferred income tax liability
$
(1,716
)
$
(1,474
)