Whole Foods 2010 Annual Report Download - page 53

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The present values of future minimum obligations for capital leases shown above are calculated based on interest rates
determined at the inception of the lease, or upon acquisition of the original lease.
During fiscal years 2010, 2009 and 2008, we paid contingent rentals totaling approximately $9.5 million, $9.4 million and
$10.8 million, respectively. Sublease rental income totaled approximately $7.2 million, $6.3 million and $5.4 million during
fiscal years 2010, 2009 and 2008, respectively.
(13) Income Taxes
Components of income tax expense attributable to continuing operations are as follows (in thousands):
2010 2009 2008
Current federal income tax $ 151,349 $ 64,680 $ 62,835
Current state income tax 40,730 23,974 22,906
Current foreign income tax 4,172 1,536 6,758
Total current tax 196,251 90,190 92,499
Deferred federal income tax (23,695) 15,347 (1,086)
Deferred state income tax (6,572) (1,258) (1,589)
Deferred foreign income tax (36) (141) 2,171
Total deferred tax (30,303) 13,948 (504)
Total income tax expense $ 165,948 $ 104,138 $ 91,995
Actual income tax expense differed from the amount computed by applying statutory corporate income tax rates to income
from continuing operations before income taxes as follows (in thousands):
2010 2009 2008
Federal tax based on statutory rates $ 144,123 $ 87,780 $ 72,282
Increase (reduction) in income taxes resulting from:
Change in valuation allowance - 967 -
Tax exempt interest (369) - (112)
Share-based compensation (386) 33 (181)
Deductible state income taxes (11,955) (7,951) (7,461)
Tax rate differential relating to foreign operations (4,981) (3,058) (4,953)
Other, net 1,221 2,256 2,174
Total federal taxes 127,653 80,027 61,749
State income taxes 34,158 22,717 21,317
Foreign income taxes 4,137 1,394 8,929
Total income tax expense $ 165,948 $ 104,138 $ 91,995
Current income taxes payable totaled approximately $10.7 million and $7.8 million at September 26, 2010 and September
27, 2009, respectively.