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Black Diamond, Inc. Message Board

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  • bob_afet bob_afet May 18, 2010 5:54 PM Flag


    Yea it is a weird statement. When there is a 50% chance or greater (ie more likely than not) that a company will use their NOLs they have to create a deferred tax asset. Think of it like a prepayment asset on the balance sheets. So what they are saying is that they are creating that deferred tax asset for approx 88M. I would say its more of a positive indicator than negative. I'm not sure if there is a defined methodology in determining the 50% or greater criteria (ie what kind of growth assumptions they are allowed to use etc.) Would be interesting though because might be able to back into EBITDA if there were defined criteria.

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