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(In thousands of dollars except per share amounts) 

The reasons for the differences between our effective income tax rate and the United States statutory federal income tax rate were as follows: 

<img src='content_image/46486.jpg'>

## E. Earnings per share: 

<img src='content_image/46487.jpg'>

The following stock options were outstanding during 2002, 2001, and 2000 but were not included in the computation of diluted earnings per share because the options’ exercise prices were greater than the average market price of the common shares during the respective periods: 

<img src='content_image/46493.jpg'>

## F. Inventories: 

<img src='content_image/46489.jpg'>

## G. Goodwill: 

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Consolidated amortization expense associated with assembled workforce totaled $204 in 2001, consisting of $7 for Industrial Controls and $197 for Aircraft Engine Systems. 

