LIFE TIME FITNESS, INC. | 2013 | FY | 3


The tax effect of temporary differences that gives rise to the net deferred tax liability are as follows:
 
As of December 31,
 
2013
 
2012
Deferred tax assets:
 
 
 
Accrued rent expense
$
9,566

 
$
8,297

Other comprehensive income
3,912

 
3,216

Accrued equity compensation
4,150

 
7,670

Deferred revenue
3,502

 
4,061

Foreign net operating loss
1,050

 
1,145

Other
1,913

 
1,923

Total deferred tax assets
24,093

 
26,312

Deferred tax liabilities:
 
 
 
Property and equipment
(103,417
)
 
(97,628
)
Partnership interest
(4,622
)
 
(5,781
)
Costs related to deferred revenue
(5,728
)
 
(7,242
)
Other
(3,949
)
 
(2,357
)
Total deferred tax liabilities
(117,716
)
 
(113,008
)
Net deferred tax liability
$
(93,623
)
 
$
(86,696
)
 
 
 
 
Current deferred tax assets
$
10,615

 
$
14,502

Current deferred tax liabilities
(3,734
)
 
(5,689
)
Net current deferred tax assets
6,881

 
8,813

Non-current deferred tax assets
13,478

 
11,810

Non-current deferred tax liabilities
(113,982
)
 
(107,319
)
Net non-current deferred tax liabilities
(100,504
)
 
(95,509
)
Net deferred tax liability
$
(93,623
)
 
$
(86,696
)

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