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Income Taxes
3 Months Ended
Jul. 31, 2011
Income Taxes [Abstract]  
Income Tax Disclosure [Text Block]
Income Taxes
 
For the three months ended July 31, 2011 and July 31, 2010, the effective tax rate was 0% and 0%, respectively.  The effective tax rate for the three months ended July 31, 2011 and 2010 differs from our estimated statutory rate of 38% primarily due to income or loss from operations, depreciation and amortization differences, permanent tax adjustments, and a valuation allowance against the Company's deferred income tax assets. Torotel believes that the current net deferred income tax asset, as well as the allocation between current and non-current assets, remains appropriate as of July 31, 2011.


As of July 31, 2011, the federal tax returns for the fiscal years ended 2007 through 2011 will remain open to audit until the statute of limitations closes for the years in which the net operating losses are utilized.  Torotel would recognize interest and penalties accrued on unrecognized tax benefits as well as interest received from favorable tax settlements within income tax expense.  As of July 31, 2011, Torotel recorded no accrued interest or penalties related to uncertain tax positions.  Management expects no significant change in the amount of unrecognized tax benefit, accrued interest or penalties within the next twelve months.