Kenexa (KNXA)

Income tax expense on operations

Income tax expense on operations increased by $0.7 million or 41.1% to $2.4 million and $0.4 million or 4.9% to $7.0 million during the three and nine month period ended September 30, 2008, respectively, compared to the same periods in 2007. The decrease in expense was due to a larger portion of our taxable income being generated in jurisdictions with lower effective tax rates and decreasing in jurisdictions with higher tax rates.

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Income tax expense on operations

Income tax expense on operations decreased by $0.9 million or 28.7% to $2.2 million and $1.1 million or 18.6% to $4.6 million during the three and six month period ended June 30, 2008, respectively, compared to the same periods in 2007. The decrease in expense was due to a larger portion of our taxable income being generated in jurisdictions with lower effective tax rates and decreasing in jurisdictions with higher tax rates.

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Income tax expense on operations

Income tax expense on operations decreased by $0.2 million or 6% to 2.4 million for the three months ended March 31, 2008 compared to the same period in 2007. The decrease in expense was due to a larger portion of our taxable income being generated in jurisdictions with lower effective tax rates and decreasing in jurisdictions with higher tax rates.

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Income tax expense on operations

Income tax expense on operations increased by $2.3 million for the three months ended March 31, 2007 compared to the same periods in 2006.  The increase in expense was due to increased taxable income and the full utilization of our federal net operating loss carryforwards from the prior periods.

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Income tax expense on operations

Income tax expense on operations increased by $1.2 million and $2.3 million or approximately 500% for the three and nine months ended September 30, 2006, respectively, compared to the same periods in 2005.  The increase in expense was due to increased taxable income and the full utilization of our federal net operating loss carryforwards from the prior periods.

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Income tax expense on operations

Income tax expense on operations increased by $1.0 million and $1.2 million or approximately 460% for the three and six months ended June 30, 2006, respectively, compared to the same periods in 2005.  The increase in expense was due to increased taxable income and the full utilization of our federal net operating loss carryforwards from the prior periods.

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