Sentences with phrase «valuation allowance»

They're sitting on $ 7 mm in deferred tax assets which are not shown on the balance sheet because they're all reduced by an equivalent valuation allowance.

Excluding a non-cash valuation allowance against some deferred tax assets, the loss totaled 86 cents per share.

As Stuart mentioned, we reversed $ 403 million of our deferred tax asset valuation allowance in the second quarter of 2012.

There are 2 components that make up the remaining valuation allowance of $ 177 million which, if the housing recovery continues, we expect most of the remaining allowance to reverse between Q3 2012 and Q4 2013.

The reversal of $ 403 million of our valuation allowance is presented as a benefit from income taxes in our income statement.

We came to this conclusion because the company determined that it was more likely than not that the majority of its valuation allowance against its deferred tax assets would be utilized.

The reversal of $ 403 million of the DTA valuation allowance leaves a $ 177 million valuation allowance remaining at May 31.

We will also continue to provide a valuation allowance on a portion of our DTA relating to state NOLs.

The Company's significant estimates and assumptions include but are not limited to the recoverability and useful lives of long - lived assets, valuation and recoverability of investments, valuation allowances of deferred taxes, and stock - based compensation expenses.

A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

In mid-March of this year, the two firms announced that a change in their deferred tax valuation allowances were significantly larger than expected.

The Company's effective tax rate does not approximate the statutory United States federal income tax rate primarily due to the establishment of the valuation allowance and tax rate differentials in respect of United States state and foreign taxes.

Therefore, it is unclear whether any tax benefits would be immediately usable by Pride for the tax year in which the benefit ultimately relates, or even during the carryback or carryforward period allowed under U.S. tax law, but the fact that Pride does not record a valuation allowance against its existing U.S. deferred tax assets suggests that Pride expects future profitability to allow it to use its tax benefits at some point.

OTS regulation 12 CFR 560.160 (b) allows savings institutions to establish adequate (specific) valuation allowances for assets classified Loss in lieu of charge - offs.