What a mouthful.........

The Company's after-tax net loss of $5.6 million for the February 2011 quarter includes a provision for income taxes of $8.1 million as a result of recording a valuation allowance against the Company's deferred tax assets. This write-down of the deferred tax assets via a valuation allowance was based on authoritative financial accounting guidance, and represents a non-cash charge to the statement of operations.

I guess this is what forensic accounting gets you IMO.......