eFax 2012 Annual Report Download - page 73

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Leases
j2 Global leases certain facilities and equipment under non-
cancelable operating leases which expire at various dates through 2020. Future minimum lease payments at
December 31, 2012 under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) are as follows (in thousands):
Rental expense for the years ended December 31, 2012 , 2011 and 2010 was $3.2 million , $2.9 million and $2.3 million , respectively.
The provision for income tax consisted of the following (in thousands):
A reconciliation of the statutory federal income tax rate with j2 Global's effective income tax rate is as follows:
- 71 -
Operating
Leases
Fiscal Year:
2013
$
4,471
2014
3,569
2015
3,151
2016
2,024
2017
1,699
Thereafter
3,503
Total minimum lease payments
$
18,417
11.
Income Taxes
Years Ended December 31,
2012
2011
2010
Current:
Federal
$
20,759
$
3,673
$
22,806
State
(289
)
412
3,435
Foreign
11,639
11,443
1,890
Total current
32,109
15,528
28,131
Deferred:
Federal
2,427
6,761
1,095
State
314
2,012
(276
)
Foreign
(1,591
)
(1,951
)
(1,360
)
Total deferred
1,150
6,822
(541
)
Total provision
$
33,259
$
22,350
$
27,590
Years Ended December 31,
2012 2011 2010
Statutory tax rate
35
%
35
%
35
%
State income taxes, net
0.5
0.9
1.9
Foreign rate differential
(17.4
)
(16
)
(17.7
)
Reserve for uncertain tax positions
4.9
(5.7
)
5.9
Valuation Allowance
3.2
(0.1
)
(1.4
)
IRC Section 199 deductions
(3.4
)
—
—
Other
(1.3
)
2.2
1.2
Effective tax rates
21.5
%
16.3
%
24.9
%