ATI » Topics » Income Taxes

This excerpt taken from the ATI 8-K filed Jan 27, 2010.

Income Taxes

  • Fourth quarter 2009 provision for income taxes was $21.6 million, or 34.8% of income before tax. The fourth quarter 2009 included a favorable discrete net benefit of $1.2 million primarily associated with adjustment of taxes paid in prior years. Fourth quarter 2008 included an income tax provision of $51.2 million, or 31.5% of income before tax. The fourth quarter 2008 included a favorable discrete net benefit of $6.7 million primarily associated with state taxes.
  • The provision for income taxes for the full year 2009 included a non-recurring charge of $11.5 million recognized in the second quarter 2009 primarily associated with the tax consequences of the June 2009 $350 million voluntary cash contribution to our pension plan.
This excerpt taken from the ATI 8-K filed Oct 21, 2009.

Income Taxes

  • Third quarter 2009 income taxes were a benefit of $1.4 million. This resulted from an effective tax rate of 39.6% reduced by an income tax benefit of $2.4 million for adjustment of taxes paid in a prior year. Third quarter 2008 included an income tax provision of $83.9 million, or 36.3% of income before tax.
  • The provision for income taxes for the first nine months of 2009 included a non-recurring charge of $11.5 million recognized in the second quarter 2009 primarily associated with the tax consequences of the June 2009 $350 million voluntary cash contribution to our pension plan.

EXCERPTS ON THIS PAGE:

8-K
Jan 27, 2010
8-K
Oct 21, 2009
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