United states securities and exchange commission


LIONS GATE ENTERTAINMENT CORP



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LIONS GATE ENTERTAINMENT CORP.

NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS(Continued)








































 

Year Ended March 31,

 

Year Ended March 31,

 

Year Ended March 31,

 

2012

 

2011

 

2010

 

 

 

As adjusted

 

As adjusted

TOTAL

(Amounts in thousands)

Current

$

3,439




 

$

3,567




 

$

871




Deferred

1,256




 

689




 

347




 

$

4,695




 

$

4,256




 

$

1,218




CANADA

 




 

 

 

 

Current

$

(126

)

 

$

576




 

$

779




Deferred

(44

)

 

(1,280

)

 






 

(170

)

 

(704

)

 

779




UNITED KINGDOM

 

 

 

 

 

Current

$

139




 

$

327




 

$






Deferred






 






 






 

139




 

327




 






UNITED STATES

 

 

 

 

 

Current

$

3,426




 

$

2,650




 

$

29




Deferred

1,300




 

1,969




 

347




 

4,726




 

4,619




 

376




AUSTRALIA

 

 

 

 

 

Current

$






 

$

14




 

$

63




Deferred






 






 






 






 

14




 

63




The differences between income taxes expected at U.S. statutory income tax rates and the income tax provision are as set forth below:









































 

Year Ended March 31,

 

Year Ended March 31,

 

Year Ended March 31,

 

2012

 

2011

 

2010

 

 

 

As adjusted

 

As adjusted

 

(Amounts in thousands)

Income taxes (tax benefits) computed at Federal statutory rate of 35%

$

(12,048

)

 

$

(9,144

)

 

$

(10,169

)

Federal alternative minimum tax






 






 

(1,567

)

Foreign and provincial operations subject to different income tax rates

(2,305

)

 

(256

)

 

(307

)

State income tax

460




 

427




 

494




Change to the accrual for tax liability






 






 

(482

)

Foreign income tax withholding

2,963




 

2,608




 

1,698




Permanent differences

7,857




 

25,639




 

6,019




Deferred tax on goodwill amortization

1,300




 

1,970




 

1,001




Other

953




 

(903

)

 

(506

)

Increase (decrease) in valuation allowance

5,515




 

(16,085

)

 

5,037




 

4,695




 

$

4,256




 

$

1,218






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