Document wD6v4GGvgbNm4aRrdz6Xv86Do

\-K/tnfjan\ iu% * r ,_ nu/ u^/u . rm/i^A>aie /-./j/wyyo Information pertaining to the Company's income before income taxes and extraordinary loss and the applicable provision for income taxes, excluding amounts related to the 1996 and 1994 extraordinary losses, is as follows lEAS ENDED DECEMBER E_ Irccme oefore income taxes and extraordinary less Dome Stic rcreis* Provisior for income taxes Current Federal State and Local Foreigr Deferred Federal State and Local Foreign S2C 4 J c. $5 0 10 90 09 01 $9 0 S3 4 *0 06 ** 0 06 D* $7 7 SC S3 4 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and income tax purposes Significant components of the Company's deferred tax liabilities and assets are as follows. Deferred tax assets Accounts receivable. ... ... Accrued expenses and other liabilities Property, plant and equipment.. . Inventory . ... Intangible assets Pension liabilities .. Net operating loss carryforwards Capital loss carryforwards. . . .. Total deferred tax asset Valuation allowance.................. Total deferred tax asset net of valuation allowance Deferred tax liabilities: Pension asset................................. Unremitted foreign earnings Other ........................................... Total deferred tax liability Net deferred tax asset DECEMBER 31, 1996 1995 21 52 04 29 2 67 9 70 Ill 8 (71 9) 39 9 51 01 52 $34 7 SO 6 08 0.9 04 06 33 3.3 06 03 09 $2 4 F-ll Disclosure Page 34