Income Taxes (Tables)
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Mar. 31, 2014
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Income Taxes [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of income (loss) from continuing operations before income taxes |
Components of loss from continuing operations before income taxes is attributed to the following geographic locations for the years ended March 31, 2014 and 2013 (in thousands):
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Components of income tax expense (benefit) |
Components of income tax expense (benefit) for the years ended March 31, 2014 and 2013 consisted of the following (in thousands):
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Reconciliation of income tax expense (benefit) |
The income tax expense (benefit) for the years ended March 31, 2014 and 2013 differed from the amounts computed by applying the statutory U.S. federal income tax rate as follows (in thousands):
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Components of deferred taxes |
Components of deferred taxes are as follows (in thousands):
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Tabular reconciliation of unrecognized tax benefits |
The Company adopted FASB Interpretation No. 48, “Accounting for Uncertainty in Taxes”, (ASC Topic 740), on January 1, 2007. As a result of the implementation of ASC Topic 740, the Company did not recognize any adjustment to the liability for uncertain tax positions and therefore did not record any adjustment to the beginning balance of accumulated deficit on the consolidated balance sheet. As of the date of adoption, the Company recorded a $1.4 million reduction to deferred tax assets for unrecognized tax benefits, all of which is currently offset by a full valuation allowance and therefore did not record any adjustment to the beginning balance of accumulated deficit on the balance sheet at that time.
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