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Income Taxes
6 Months Ended
Jun. 30, 2011
Income Taxes [Abstract]  
INCOME TAXES
7. INCOME TAXES
Huttig recognized no income tax expense or benefit in the first six months of 2011 or 2010. At June 30, 2011, the Company has gross deferred tax assets of $37.7 million and a valuation allowance of $29.0 million. The Company has current deferred tax liabilities of $8.7 million at June 30, 2011. After classifying $0.7 million of short-term deferred tax assets with short-term deferred tax liabilities, the Company has current net deferred tax liabilities of $8.0 million, as well as long term deferred tax assets of $8.0 million at June 30, 2011. The Company expects its deferred tax liabilities to be settled with utilization of its deferred tax assets. The deferred tax liabilities enable the Company to partially utilize the deferred tax assets at June 30, 2011 and the balance of the deferred tax assets are covered by the Company’s valuation allowance. The Company is not relying on future pre-tax income at June 30, 2011 to support the utilization of the deferred tax assets.