Office Depot 2011 Annual Report Download - page 132
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Aggregate annual maturities of long-term debt and capital lease obligations are as follows:
(Dollars in thousands)
2012 ............................................................... $ 55,128
2013 ............................................................... 435,859
2014 ............................................................... 35,314
2015 ............................................................... 34,893
2016 ............................................................... 30,677
Thereafter ........................................................... 224,198
Total ............................................................... 816,069
Less amount representing interest on capital leases ........................... (131,355)
Total ............................................................... 684,714
Less current portion ................................................... (36,401)
Total long-term debt ................................................... $ 648,313
NOTE F – INCOME TAXES
The income tax expense (benefit) related to earnings (loss) from operations consisted of the following:
(Dollars in thousands) 2011 2010 2009
Current:
Federal ...................................... $(59,504) $(28,278) $ (41,997)
State ........................................ (3,625) 1,408 2,228
Foreign ...................................... 15,023 849 1,455
Deferred:
Federal ...................................... —— 233,398
State ........................................ 33 (64) 46,845
Foreign ...................................... (14,999) 15,615 45,643
Total income tax expense (benefit) .................. $(63,072) $(10,470) $287,572
The components of earnings (loss) before income taxes consisted of the following:
(Dollars in thousands) 2011 2010 2009
North America ................................... $ (4,131) $(114,231) $(271,520)
International .................................... 36,750 57,556 (39,632)
Total .......................................... $ 32,619 $ (56,675) $(311,152)
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