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

		YEAR ENDED MARCH 31,
		2001		2000		1999
Current   Federal	$ 50,711	$ 181,664		$ 160,192
Foreign	16,370	9,268		6,210
State	5,800	24,626		14,790
Total current tax provision	72,881	215,558	181,192
Deferred:   Federal	(3,297)	(4,120)	(4,131)
Foreign	3,402	(1,638)	3,117
Total deferred tax expense (benefit)	105	(5,758)	(1,014)
Total income tax provision	$ 72,986	$ 209,800	$ 180,178

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):

		YEAR ENDED MARCH 31,
		2001		2000		1999
Federal income tax at statutory rates	$ 67,224	$ 196,622		$ 185,514
Increase (decrease) in taxes:    Foreign Sales Corporation subsidiary	(8,024)	(9,537)		(8,643)
State income taxes, net	3,770	16,007		9,613
Goodwill amortization	8,831	5,291		1,145
Other, net	1,185	1,417		(7,451)
Provision for income taxes	$ 72,986	$ 209,800	$ 180,178

At March 31, 2001 the Company has net operating loss carryforwards for income tax purposes of approximately $98,275,000 which expire as follows (in thousands):

	YEAR ENDING MARCH 31,
	2002		$    2,834
	2003		6,360
	2004		5,524
	2005		5,867
	2006		6,018
	2008		999
	2009		410
	2010		2,544
	2011		4,006
	Unlimited carryforward		63,713

Of this amount, approximately $1,520,000 is available to offset U.S. federal income taxes and approximately $96,755,000 relates to various foreign jurisdictions. In addition, approximately $921,000 of tax credits expiring through the year 2002 are available to offset future U.S. federal income tax liabilities.

Cash paid for income taxes totaled approximately $41,538,000, $136,838,000 and $28,332,000 for the years ended March 31, 2001, 2000 and 1999, respectively.