TiVo 2010 Annual Report Download - page 41

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The components of comprehensive income (loss) are as follows:
Fiscal Year ended January 31,
2011 2010 2009
(In thousands)
Net income (loss) $ (84,512) $ (23,036) $ 104,111
Other comprehensive income (loss):
Unrealized gain (loss) on marketable securities 203 409 (1,035)
Comprehensive income (loss) $ (84,309) $ (22,627) $ 103,076
16. INCOME TAXES
Income tax (benefit) provision was $164,000, $(1.0) million, and $1.3 million, in fiscal years 2011, 2010, and 2009, respectively. The income tax
expense in fiscal year 2011 is primarily due to state income taxes and withholding taxes in foreign jurisdictions. The income tax benefit in fiscal year 2010 is
due to a refund of previously paid Alternative Minimum Tax (“AMT”) and refundable research credits. The income tax expense in fiscal year 2009 relates to
federal AMT, state income taxes, and foreign withholding taxes.
Fiscal Year Ended January 31,
Current Expense 2011 2010 2009
Federal $ — $ (1,136) $ 595
State 51 91 714
Foreign 113 21 19
Total $ 164 $ (1,024) $ 1,328
The income tax (benefit) expense differed from the amounts computed by applying the U.S. federal income tax rate of 35% to pretax loss as a result of
the following:
Fiscal Year Ended January 31,
2011 2010 2009
(in thousands)
Federal tax at statutory rate $ (29,522) $ (8,421) $ (36,904)
State taxes 51 91 219
Foreign withholding tax 113 21 19
Utilization of net operating losses — — (21,507)
Net operating loss and temporary differences for which no tax benefit was realized 26,260 8,705 (18,264)
Stock based compensation (91) (1,905) 2,367
Refundable research tax credits — (288) (229)
Federal and state alternative minimum taxes — (827) 1,193
Non-deductible compensation expense 3,305 1,542 420
Non-deductible expenses and other 48 58 206
Total tax expense $ 164 $ (1,024) $ (72,480)
The tax effects of temporary differences that give rise to significant portions of the Company’s deferred tax assets are presented below:
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