Netgear 2010 Annual Report Download - page 81

Download and view the complete annual report

Please find page 81 of the 2010 Netgear annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

Table of Contents
Note 8—Income Taxes:
Income before income taxes consists of the following (in thousands):
The provision for income taxes consists of the following (in thousands):
Net deferred tax assets consist of the following (in thousands):
79
Year Ended December 31,
2010
2009
2008
United States
95,291
$
38,943
54,222
International
(4,067
)
(6,376
)
(8,879
)
Total
91,224
$
32,567
45,343
Year Ended December 31,
2010
2009
2008
Current:
U.S. Federal
37,954
$
23,718
21,451
State
5,654
2,270
2,959
Foreign
4,947
2,749
5,541
48,555
28,737
29,951
Deferred:
U.S. Federal
(8,928
)
(4,951
)
(1,750
)
State
643
(469
)
(908
)
Foreign
45
(83
)
—
(8,240
)
(5,503
)
(2,658
)
Total
40,315
$
23,234
27,293
Year Ended December 31,
2010
2009
Deferred Tax Assets:
Accruals and allowances
$
18,453
$
12,213
Net operating loss carryforwards
351
368
Stock
-
based compensation
5,982
5,418
Deferred rent
2,313
2,624
Deferred revenue
286
191
Tax credit carryforwards
1,732
2,112
Other
593
974
29,710
23,900
Deferred Tax Liabilities:
Acquired intangible assets
(258
)
(2,399
)
Depreciation and amortization
(2,969
)
(3,491
)
Unremitted earnings of foreign subsidiaries
(39
)
—
(3,266
)
(5,890
)
Net deferred tax assets
26,444
$
18,010
Current portion
$
19,332
$
13,347
Non
-
current portion
7,112
4,663
Net deferred tax assets
$
26,444
$
18,010