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## Notes to Consolidated Financial Statements (continued) 

## 7. STOCK OPTIONS AND AWARDS (continued) 

## Stock Grants Outstanding and Exercisable 

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As of December 28, 2019, outstanding SARs and options had an intrinsic value of $2,898,945. 

## 8. INCOME TAXES 

Deferred income taxes are provided on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and those for income tax reporting purposes. Deferred income tax (assets) liabilities relate to: 

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