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## 2004 Notes to Consolidated Financial Statements 

(Dollar and Share Amounts in Thousands except Per Share Information and as Otherwise Noted) 

## 7 Income Taxes 

Earnings before income taxes were derived from the following sources: 

<img src='content_image/4312.jpg'>

Components of income tax expense (benefit) are as follows: 

<img src='content_image/4313.jpg'>

<img src='content_image/4314.jpg'>

<img src='content_image/4315.jpg'>

Income tax expense in the accompanying consolidated financial statements differs from the expected expense as follows: 

<img src='content_image/4316.jpg'>

As of December 31, 2004, the Company has approximately $7,400 of basis differences in subsidiaries outside of the United States that are considered to be reinvested indefinitely. No deferred tax liability has been provided for such differences. 

