LCUT » Topics » Income tax provision

These excerpts taken from the LCUT 10-K filed Mar 31, 2009.

Income tax provision

 

The income tax provision for 2007 was $7.4 million, compared to $9.7 million for 2006. The Company’s effective income tax rate was 45.5% for 2007 and 38.5% for 2006. The increase is attributable principally to stock option expense that is not deductible for income tax purposes.

 

Income tax provision



 



The income tax provision for 2007 was $7.4 million, compared to $9.7 million for 2006. The Company’s effective income tax rate was 45.5% for 2007 and 38.5% for 2006. The increase is attributable principally to stock option expense that is not deductible for income tax purposes.



 



This excerpt taken from the LCUT 10-Q filed Nov 7, 2008.

Income tax provision

The income tax provision for the three months ended September 30, 2008 was $2.2 million compared to $4.3 million for the 2007 period. The Company’s effective income tax rate was 195.9% for the three months ended September 30, 2008 compared to 38.5% for the 2007 period. The increase in the Company’s effective tax rate in the 2008 period was due primarily to a change in the Company’s expected annual effective tax rate since the Company does not expect to realize a tax benefit for the 2008 restructuring expenses in certain state jurisdictions.

These excerpts taken from the LCUT 10-K filed Mar 17, 2008.

Income tax provision

 

The income tax provision for 2006 was $9.7 million, compared to $8.6 million in 2005. The Company’s effective income tax rate was 38.5% for 2006 and 38.0% for 2005. The increase in the effective tax rate was due to income taxes related to stock option expense and a change in the state tax allocations.

 

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Income tax provision



 



The
income tax provision for 2006 was $9.7 million, compared to $8.6 million in 2005. The
Company’s effective income tax rate was 38.5% for 2006 and 38.0% for 2005. The
increase in the effective tax rate was due to income taxes related to stock option expense
and a change in the state tax allocations.



 




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This excerpt taken from the LCUT 10-Q filed Nov 7, 2007.

Income tax provision

The income tax provision for the nine months ended September 30, 2007 was $2.2 million, compared to $3.8 million for the 2006 period. The Company’s effective income tax rate was 38.5% for the nine months ended September 30, 2007 and 38.4% for the 2006 period.

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