Note 4. Income Taxes Income tax expense for 2002, 2001 and 2000 includes the following components: Income tax expense differs from amounts computed by applying the U.S. Federal income tax rate of 35% to earnings before income taxes as a result of the following: 54 expd 02 Note 4 Federal State Foreign Total 2002 Current $ 18,937 3,120 38,133 60,190 Deferred 4,067 1,204 – 5,271 $ 23,004 4,324 38,133 65,461 2001 Current $ 9,921 2,806 26,084 38,811 Deferred 16,511 1,729 – 18,240 $ 26,432 4,535 26,084 57,051 2000 Current $ 9,717 2,802 27,665 40,184 Deferred 7,975 2,154 – 10,129 $ 17,692 4,956 27,665 50,313 2002 2001 2000 Computed “expected” tax expense $ 62,297 54,003 46,672 Increase (reduction) in income taxes resulting from: State income taxes, net of Federal income tax benefit 2,810 2,948 3,221 Decrease in valuation allowance for deferred tax assets (1) (7) (68) Other, net 355 107 488 $ 65,461 57,051 50,313