8. INCOME TAXES
Temporary differences and carryforwards which give rise to a significant portion of deferred tax assets and liabilities are as follows (in thousands):

The income tax provision (benefit) includes the following (in thousands):

The Company's income tax expense differed from the amount computed on pre-tax income at the U.S. federal income tax rate of 35% for the following reasons (in thousands):

At March 31, 1999 the Company has net operating loss carryforwards for income tax purposes of approximately $96,989,000 which expire as follows (in thousands):

Of this amount, approximately $3,472,000 is available to offset U.S. federal income taxes and approximately $93,517,000 relates to various foreign jurisdictions. In addition, approximately $957,000 of tax credits expiring through the year 2009 are available to offset future U.S. federal income tax liabilities.

Cash paid for income taxes totaled approximately $28,332,000, $55,481,000 and $46,760,000 for the years ended March 31, 1999, 1998 and 1997, respectively.

  Annual Report 1999