DTLK » Topics » Income Taxes:

These excerpts taken from the DTLK 10-K filed Mar 26, 2009.

Income Taxes:

        We calculate income taxes in accordance with the provisions of SFAS No. 109, "Accounting for Income Taxes," which requires the use of the asset and liability method of accounting for income taxes. Under the liability method, we record deferred income taxes to reflect the tax consequences in future years of temporary differences between the tax bases of assets and liabilities and their financial reporting amounts using enacted tax rates for the years in which we expect these items to affect taxable income. We establish valuation allowances when necessary to reduce deferred tax assets to the amount we expect more likely than not to realize. Income tax (benefit) expense is the tax payable (receivable) for the period and the change during the period in deferred tax assets and liabilities.

Income Taxes:





        We calculate income taxes in accordance with the provisions of SFAS No. 109, "Accounting for Income Taxes," which requires the
use of the asset and liability method of accounting for income taxes. Under the liability method, we record deferred income taxes to reflect the tax consequences in future years of temporary
differences between the tax bases of assets and liabilities and their financial reporting amounts using enacted tax rates for the years in which we expect these items to affect taxable income. We
establish valuation allowances when necessary to reduce deferred tax assets to the amount we expect more likely than not to realize. Income tax (benefit) expense is the tax payable (receivable) for
the period and the change during the period in deferred tax assets and liabilities.





Income Taxes:





        We calculate income taxes in accordance with the provisions of SFAS No. 109, "Accounting for Income Taxes," which requires the
use of the asset and liability method of accounting for income taxes. Under the liability method, we record deferred income taxes to reflect the tax consequences in future years of temporary
differences between the tax bases of assets and liabilities and their financial reporting amounts using enacted tax rates for the years in which we expect these items to affect taxable income. We
establish valuation allowances when necessary to reduce deferred tax assets to the amount we expect more likely than not to realize. Income tax (benefit) expense is the tax payable (receivable) for
the period and the change during the period in deferred tax assets and liabilities.





These excerpts taken from the DTLK 10-K filed Mar 28, 2008.

Income Taxes:

        We calculate income taxes in accordance with the provisions of SFAS No. 109, "Accounting for Income Taxes," which requires the use of the asset and liability method of accounting for income taxes. Under the liability method, we record deferred income taxes to reflect the tax consequences in future years of temporary differences between the tax bases of assets and liabilities and their financial reporting amounts using enacted tax rates for the years in which we expect these items to affect taxable income. We establish valuation allowances when necessary to reduce deferred tax assets to the amount we expect more likely than not to realize. Income tax (benefit) expense is the tax payable (receivable) for the period and the change during the period in deferred tax assets and liabilities.

Income Taxes:





        We calculate income taxes in accordance with the provisions of SFAS No. 109, "Accounting for Income Taxes," which requires the use of the asset and
liability method of accounting for income taxes. Under the liability method, we record deferred income taxes to reflect the tax consequences in future years of temporary differences between the tax
bases of assets and liabilities and their financial reporting amounts using enacted tax rates for the years in which we expect these items to affect taxable income. We establish valuation allowances
when necessary to reduce deferred tax assets to the amount we expect more likely than not to realize. Income tax (benefit) expense is the tax payable (receivable) for the period and the change during
the period in deferred tax assets and liabilities.





This excerpt taken from the DTLK 8-K filed Sep 7, 2007.

Income Taxes:

The Company, with the consent of its stockholders, has elected to be taxed as an S corporation under the Internal Revenue Code. Accordingly, no corporate income taxes have been provided for, except for certain state income taxes. Earnings and losses of the Company are reported on the personal income tax returns of the stockholders. The unaudited pro forma income tax expense as presented in the accompanying statement of income was computed using an estimated combined federal and state rate of 40 percent.

This excerpt taken from the DTLK 8-K filed Apr 13, 2007.

Income Taxes:

The Company, with the consent of its stockholders, has elected to be taxed as an S corporation under the Internal Revenue Code. Accordingly, no corporate income taxes have been provided for, except for certain state income taxes. Earnings and losses of the Company are reported on the personal income tax returns of the stockholders. The unaudited pro forma income tax expense as presented in the accompanying statement of income was computed using an estimated combined federal and state rate of 40 percent.

This excerpt taken from the DTLK 10-K filed Mar 29, 2007.

Income Taxes:

We calculate income taxes in accordance with the provisions of SFAS No. 109, “Accounting for Income Taxes,” which requires the use of the asset and liability method of accounting for income taxes. Under the liability method, we record deferred income taxes to reflect the tax consequences in future years of temporary differences between the tax bases of assets and liabilities and their financial reporting amounts using enacted tax rates for the years in which we expect these items to affect taxable income. We establish valuation allowances when necessary to reduce deferred tax assets to the amount we expect are more likely than not to be realized. Income tax (benefit) expense is the tax payable (receivable) for the period and the change during the period in deferred tax assets and liabilities.

This excerpt taken from the DTLK 10-K filed Mar 31, 2006.

Income Taxes:

The Company calculates income taxes in accordance with the provisions of SFAS No. 109, “Accounting for Income Taxes,” which requires the use of the asset and liability method of accounting for income taxes. Under the liability method, deferred income taxes are recorded to reflect the tax

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consequences in future years of temporary differences between the tax bases of assets and liabilities and their financial reporting amounts using enacted tax rates for the years in which these items are expected to affect taxable income. The Company establishes valuation allowances when necessary to reduce deferred tax assets to the amount the Company expects are more likely than not to realize. Income tax (benefit) expense is the tax payable (receivable) for the period and the change during the period in deferred tax assets and liabilities.

This excerpt taken from the DTLK 10-K filed Mar 31, 2005.

Income Taxes:

 

The Company calculates income taxes in accordance with the provisions of SFAS No. 109, “Accounting for Income Taxes,” which requires the use of the asset and liability method of accounting for income taxes. Under the liability method, deferred income taxes are recorded to reflect the tax consequences in future years of temporary differences between the tax bases of assets and liabilities and their financial reporting amounts using enacted tax rates for the years in which these items are expected to affect taxable income. The Company establishes valuation allowances when necessary to reduce deferred tax assets to the amount the Company expects are more likely than not to realize. Income tax (benefit) expense is the tax payable (receivable) for the period and the change during the period in deferred tax assets and liabilities.

 

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