Nautilus 2012 Annual Report Download - page 49

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Table of Contents
The tax effect of deferred income tax assets and liabilities arising from temporary differences and carryforwards as of December 31, 2012 and
2011 was as follows (in thousands):
Net deferred income tax liability in the Company's consolidated balance sheets as of
December 31, 2012 and 2011 consisted of the following (in
thousands):
43
December 31,
2012 2011
Deferred income tax assets:
Accrued liabilities
$
3,312
$
2,703
Allowance for doubtful accounts
21
27
Inventory valuation
382
388
Capitalized indirect inventory costs
207
183
Stock-based compensation expense
612
721
Net operating loss carryforward
40,540
39,777
Basis difference on assets held-for-sale
—
1,821
Capital loss carryforward
4,319
4,319
Basis difference on long-lived assets
5,783
8,332
Other
3,562
3,317
Total deferred income tax assets before valuation allowance
58,738
61,588
Valuation allowance
(57,230
)
(60,328
)
Total deferred income tax assets, net of valuation allowance
1,508
1,260
Deferred income tax liabilities:
Prepaid advertising
(381
)
(287
)
Other prepaids
(320
)
(311
)
Basis difference on long-lived assets
(2,678
)
(2,409
)
Undistributed earnings of foreign subsidiaries
(136
)
(89
)
Other
(319
)
(288
)
Total deferred income tax liabilities
(3,834
)
(3,384
)
Net deferred income tax liability
$
(2,326
)
$
(2,124
)
December 31,
2012 2011
Current deferred income tax assets
$
193
$
75
Current deferred income tax liabilities
(1,275
)
(1,064
)
Non-current deferred income tax assets, included in “Other assets”
240
299
Non-current deferred income tax liabilities
(1,484
)
(1,434
)
Net deferred income tax liability
$
(2,326
)
$
(2,124
)