O'Reilly Auto Parts 2013 Annual Report Download - page 74

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FORM 10-K
68
The following table identifies significant components of the Company’s deferred tax assets and liabilities as of December 31, 2013 and
2012 (in thousands):
December 31,
2013 2012
Deferred tax assets:
Current:
Allowance for doubtful accounts $ 1,997 $ 1,937
Tax credits 1,636 1,583
Other accruals 61,100 55,683
Total current deferred tax assets 64,733 59,203
Noncurrent:
Tax credits 5,333 5,333
Net operating losses 1,180 2,077
Other accruals 59,176 58,605
Total noncurrent deferred tax assets 65,689 66,015
Total deferred tax assets 130,422 125,218
Deferred tax liabilities:
Current:
Inventories 84,955 78,675
Total current deferred tax liabilities 84,955 78,675
Noncurrent:
Property and equipment 131,851 132,547
Other 14,551 13,012
Total noncurrent deferred tax liabilities 146,402 145,559
Total deferred tax liabilities 231,357 224,234
Net deferred tax liabilities $ (100,935) $ (99,016)
The following table reconciles the above net deferred tax assets (liabilities) as presented on the accompanying Consolidated Balance
Sheets as of December 31, 2013 and 2012 (in thousands):
December 31,
2013 2012
Deferred tax assets - current $ 64,733 $ 59,203
Deferred tax liabilities - current (84,955)(78,675)
Deferred tax liabilities - current $(20,222)$ (19,472)
Deferred tax assets - noncurrent 65,689 66,015
Deferred tax liabilities - noncurrent (146,402)(145,559)
Deferred tax liabilities - noncurrent $(80,713)$ (79,544)
Net deferred tax liabilities $(100,935)$ (99,016)