Orbitz 2013 Annual Report Download - page 91
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91
Schedule II — Valuation and Qualifying Accounts
Balance at
Beginning of
Period
Charged to
Costs and
Expenses
Charged to
Other
Accounts Deductions Balance at
End of Period
(in thousands)
Tax Valuation Allowance
Year Ended December 31, 2013 $ 296,808 $ (165,764) (a) $ (22,484) (b) $ — $ 108,560
Year Ended December 31, 2012 298,860 (530)(1,522) (b) — 296,808
Year Ended December 31, 2011 312,520 1,651 (15,311) (c) — 298,860
(a) Relates to the release of the valuation allowance on U.S. deferred tax assets.
(b) Represents foreign currency translation adjustments to the valuation allowances, reclassification adjustments between our
gross deferred tax assets and the corresponding valuation allowance and the effects of a U.K. tax rate change.
(c) Includes a reduction of $12.0 million to the deferred tax asset in connection with a reduction of the tax sharing liability to
the airlines. The remaining $3.3 million represents the combined effect of foreign currency translation adjustments, a
reduction to the U.K. tax rate and other reclassification adjustments between the gross deferred tax assets and the
corresponding valuation allowance.