O'Reilly Auto Parts 2014 Annual Report Download - page 69

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FORM 10-K
62
The following table identifies significant components of the Company's deferred tax assets and liabilities as of December 31, 2014 and
2013 (in thousands):
December 31,
2014 2013
Deferred tax assets:
Current:
Allowance for doubtful accounts $ 2,357 $ 1,997
Tax credits 3,250 1,636
Other accruals 67,468 61,100
Total current deferred tax assets 73,075 64,733
Noncurrent:
Tax credits 11,475 5,333
Net operating losses 746 1,180
Other accruals 63,968 59,176
Other 16,468 16,181
Total noncurrent deferred tax assets 92,657 81,870
Total deferred tax assets 165,732 146,603
Deferred tax liabilities:
Current:
Inventories 90,333 84,955
Total current deferred tax liabilities 90,333 84,955
Noncurrent:
Property and equipment 139,604 131,851
Other 38,217 30,732
Total noncurrent deferred tax liabilities 177,821 162,583
Total deferred tax liabilities 268,154 247,538
Net deferred tax liabilities $(102,422)$ (100,935)
The following table reconciles the above net deferred tax assets (liabilities) as presented on the accompanying Consolidated Balance
Sheets as of December 31, 2014 and 2013 (in thousands):
December 31,
2014 2013
Deferred tax assets - current $ 73,075 $ 64,733
Deferred tax liabilities - current (90,333)(84,955)
Deferred tax liabilities - current (17,258)(20,222)
Deferred tax assets - noncurrent 92,657 81,870
Deferred tax liabilities - noncurrent (177,821)(162,583)
Deferred tax liabilities - noncurrent (85,164)(80,713)
Net deferred tax liabilities $(102,422)$ (100,935)