|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the MTRX 10-Q filed Apr 9, 2009. Note 7 – Income Taxes Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes.
-11-
Table of ContentsMatrix Service Company Notes to Consolidated Financial Statements
This excerpt taken from the MTRX 10-Q filed Jan 8, 2009. Note 7 – Income Taxes Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. This excerpt taken from the MTRX 10-Q filed Oct 2, 2008. Note 7 – Income Taxes Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes.
-10-
Table of ContentsMatrix Service Company Notes to Consolidated Financial Statements
These excerpts taken from the MTRX 10-K filed Aug 5, 2008. Income Taxes Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Income Taxes financial statement and tax basis of assets and liabilities using presently enacted tax rates. This excerpt taken from the MTRX 10-Q filed Apr 3, 2008. Note 7 – Income Taxes Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. During the second quarter of fiscal 2008, the Company completed its assessment of current and future state taxable income and determined that sufficient taxable income was available to recognize a tax benefit of $0.7 million for prior and current state investment tax credits. This excerpt taken from the MTRX 10-Q filed Jan 11, 2008. Note 7 – Income Taxes Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. During the second quarter, the Company completed its assessment of current and future state taxable income and determined that sufficient taxable income was available to recognize a tax benefit of $0.7 million for prior and current state investment tax credits. This excerpt taken from the MTRX 10-Q filed Oct 4, 2007. Note 7 – Income Taxes Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes.
-10-
Table of ContentsMatrix Service Company Notes to Consolidated Financial Statements (unaudited)
This excerpt taken from the MTRX 10-K filed Aug 14, 2007. Income Taxes Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. This excerpt taken from the MTRX 10-Q filed Apr 5, 2007. Note 8 – Income Taxes Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. This excerpt taken from the MTRX 10-Q filed Jan 4, 2007. Note 8 – Income Taxes Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. This excerpt taken from the MTRX 10-Q filed Oct 5, 2006. Note 8 – Income Taxes Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes.
-13-
Table of ContentsMatrix Service Company Notes to Consolidated Financial Statements (continued) This excerpt taken from the MTRX 10-K filed Aug 4, 2006. Income Taxes Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between financial statement and tax basis of assets and liabilities using presently enacted tax rates.
-57-
Table of ContentsMatrix Service Company Notes to Consolidated Financial Statements (Continued) This excerpt taken from the MTRX 10-Q filed Apr 6, 2006. Note 8 – Income Taxes Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. This excerpt taken from the MTRX 10-Q filed Jan 5, 2006. Note 9 – Income Taxes
Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes.
This excerpt taken from the MTRX 10-Q filed Oct 7, 2005. Note 8– Income Taxes
Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes.
- 14 -
Table of ContentsThis excerpt taken from the MTRX 10-K filed Aug 17, 2005. Income Taxes
Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between financial statement and tax basis of assets and liabilities using presently enacted tax rates.
This excerpt taken from the MTRX 10-Q filed Jun 3, 2005. NOTE 4 – INCOME TAXES
Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between financial statement and tax basis of assets and liabilities using presently enacted tax rates.
This excerpt taken from the MTRX 10-Q filed Jun 3, 2005. NOTE 7– INCOME TAXES
Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes.
In February 2005, the Company established valuation allowances of approximately $1.6 million for deferred tax assets including certain net operating loss carryforwards and tax credit carryforwards. The realization of these carryforwards is dependent on certain of our operations recognizing taxable income on a stand-alone basis in future periods which is no longer certain. Therefore, these deferred tax assets were reserved as of February 28, 2005.
The difference between the expected income tax provision applying the domestic federal statutory tax rate and the current state rates is illustrated as follows:
In fiscal 2004, the actual federal and state income tax provision did not differ from the expected income tax provision.
- 16 -
Table of ContentsThis excerpt taken from the MTRX 10-Q filed Apr 11, 2005. NOTE 7– INCOME TAXES
Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes.
In February 2005, the Company established valuation allowances of approximately $1.6 million for deferred tax assets including certain net operating loss carryforwards and tax credit carryforwards. The realization of these carryforwards is dependent on certain of our operations recognizing taxable income on a stand-alone basis in future periods which is no longer certain. Therefore, these deferred tax assets were reserved as of February 28, 2005.
The difference between the expected income tax provision applying the domestic federal statutory tax rate and the current state rates is illustrated as follows:
In fiscal 2004, the actual income tax provision did not differ from the expected federal and state income tax provision.
- 15 -
Table of ContentsThis excerpt taken from the MTRX 10-Q filed Feb 18, 2005. NOTE 4 – INCOME TAXES
Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between financial statement and tax basis of assets and liabilities using presently enacted tax rates.
This excerpt taken from the MTRX 10-Q filed Jan 6, 2005. NOTE 4 – INCOME TAXES
Deferred income taxes are computed using the liability method whereby deferred tax assets and liabilities are recognized based on temporary differences between financial statement and tax basis of assets and liabilities using presently enacted tax rates.
| EXCERPTS ON THIS PAGE:RELATED TOPICS for MTRX:
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||
