SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
March 16, 2006
Date of Report (date of earliest event reported)
(Exact name of Registrant as specified in its charter)
| |
|
|
|
|
| Delaware
|
|
000-49793
|
|
87-0616516 |
| |
(State or other jurisdiction of
incorporation or organization)
|
|
(Commission File Number)
|
|
(I.R.S. Employer
Identification Number) |
588 West 400 South
Lindon, Utah 84042
(Address of principal executive offices)
(801) 805-2400
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
Registrant under any of the following provisions:
| o |
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
| o |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
| o |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
| o |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
During the preparation of the financial statements for the period ended December 31, 2005,
we determined that it would be advisable to record a valuation allowance against deferred
income tax assets in the form of net operating losses in some of our foreign subsidiaries. The
financial results for the period as reported in our earnings release on February 1, 2006, did not
include such a valuation allowance. As a result, our earnings release reported a lower provision
for income taxes and correspondingly higher net income and earnings per share on a GAAP basis than
what would have been reported had the valuation allowance been recorded. The financial statements
contained in this report have been adjusted to reflect a net increase to our provision for income
taxes in the amount of $1.3 million and a net decrease in earnings per share of $0.04 per diluted
share. The Non-GAAP diluted earnings per share previously reported in the February 1, 2006
earnings release were not affected.