ZBRA » Topics » Income Tax (Benefit)

This excerpt taken from the ZBRA 10-Q filed Nov 2, 2007.

Income Tax (Benefit)

The effective income tax rate for the third quarter of 2007 was 34.5%, compared with an income tax benefit of 57.8% for the same period last year. The change in the effective tax rate is a result of the impact of permanent tax differences, including tax-exempt interest income, on the effective income tax rate due to the loss before income taxes incurred in the third quarter of 2006. In addition, we reduced tax reserves last year in the amount of $1,189,000 related to the completion of various state tax audits and 2005 state income tax returns. The resulting year-to-date effective income tax rate for 2007 was 34.6% compared to 31.2% for the same period in 2005.

This excerpt taken from the ZBRA 10-Q filed Nov 8, 2006.

Income Tax (Benefit)

The effective income tax rate for the third quarter was 57.8% compared to the 32.8% for the third quarter of 2005. The increase in the effective tax rate is a result of the increased impact of permanent tax differences, including tax-exempt interest income, on the effective income tax rate due to the loss before income taxes incurred in the third quarter. In addition, we reduced tax reserves in the amount of $1,189,000 related to the completion of various state tax audits and 2005 state income tax returns. The resulting year-to-date effective income tax rate for 2006 was 31.2% compared to 34.1% for the same period in 2005.

EXCERPTS ON THIS PAGE:

10-Q
Nov 2, 2007
10-Q
Nov 8, 2006

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