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This excerpt taken from the ADBE 10-K filed Feb 6, 2007. Taxes—As
part of our accounting for the Macromedia acquisition, a portion of the overall
purchase price was allocated to goodwill and acquired intangible assets.
Amortization expense associated with acquired intangible assets is not
deductible for tax purposes. Thus, approximately $186.9 million was established
as a deferred tax liability for the future amortization of the intangible
assets. In accordance with Statement of Financial Accounting Standards
No. 109, “Accounting for Income
Taxes,” the valuation allowance on Macromedia’s financial statements as
of December 3, 2005 was reduced by $237.8 million to $16.1 million, to the
extent the deferred tax assets are more likely than not realizable.
Any impairment charges made in the future associated with goodwill will not be tax deductible and will result in an increased effective income tax rate in the quarter the impairment is recorded. This excerpt taken from the ADBE 10-K filed Feb 5, 2007. Taxes—As
part of our accounting for the Macromedia acquisition, a portion of the overall
purchase price was allocated to goodwill and acquired intangible assets.
Amortization expense associated with acquired intangible assets is not
deductible for tax purposes. Thus, approximately $186.9 million was established
as a deferred tax liability for the future amortization of the intangible
assets. In accordance with Statement of Financial Accounting Standards
No. 109, “Accounting for Income
Taxes,” the valuation allowance on Macromedia’s financial statements as
of December 3, 2005 was reduced by $237.8 million to $16.1 million, to the
extent the deferred tax assets are more likely than not realizable.
Any impairment charges made in the future associated with goodwill will not be tax deductible and will result in an increased effective income tax rate in the quarter the impairment is recorded. This excerpt taken from the ADBE 10-Q filed Oct 11, 2006. Taxes—As part of our accounting
for the Macromedia acquisition, a portion of the overall purchase price was
allocated to goodwill and acquired intangible assets. Amortization expense
associated with
12 ADOBE SYSTEMS INCORPORATED NOTE 2. ACQUISITIONS (Continued) acquired intangible assets is not deductible for tax purposes. Thus, approximately $186.9 million was established as a deferred tax liability for the future amortization of the intangible assets. In accordance with Statement of Financial Accounting Standards No. 109, “Accounting for Income Taxes,” the valuation allowance on Macromedia’s financial statements as of December 3, 2005 was reduced by $237.8 million to $16.1 million, to the extent the deferred tax assets are more likely than not realizable. Any impairment charges made in the future associated with goodwill will not be tax deductible and will result in an increased effective income tax rate in the quarter the impairment is recorded. | EXCERPTS ON THIS PAGE:
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