Office Depot 2012 Annual Report Download - page 72

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OFFICE DEPOT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Capital Lease Obligations
Capital lease obligations primarily relate to buildings and equipment.
Aggregate annual maturities of long-term debt and capital lease obligations are as follows:
NOTE F – INCOME TAXES
The income tax expense (benefit) related to earnings (loss) from operations consisted of the following:
The components of earnings (loss) before income taxes consisted of the following:
69
(In thousands)
2013
$191,026
2014
38,061
2015
37,606
2016
31,315
2017
30,888
Thereafter
443,588
Total
772,484
Less amount re
p
resentin
g
interest on ca
p
ital leases
(113,005)
Total
659,479
Less current
p
ortion
(174,148)
Total lon
g
-term debt
$485,331
(In thousands) 2012 2011 2010
Current:
Federal
$(13,819)
$(59,504)
$(28,278)
State
90
2
(3,625)
1,408
Forei
g
n
13,795
15,023
849
Deferred :
Federal
(4,700)
—
—
State
33
33
(64)
Forei
g
n
5,486
(14,999)
15,615
Total income tax ex
p
ense (benefit)
$1,69
7
$(63,072)
$(10,470)
(In thousands) 2012 2011 2010
North America
$(129,310)
$(4,131)
$(114,231)
International
53,887
36,750
57,556
Total
$(75,423)
$32,619
$(56,675)