Notes to Consolidated Financial Statements (Dollars in thousands, except per share amounts.)

(13) Income Taxes Income tax expense (benefit) is comprised of the following components: The reconciliation of the statutory tax rate to the effective tax rate is as follows: Deferred tax assets and liabilities consist of the following: For the years ended October 31, 1998, 1997 and 1996, approximately 5%, 6% and 12%, respectively, of the Company's earnings before performance-based stock options and income taxes were generated from properties in foreign jurisdictions. The Company has recorded a benefit for foreign tax credits in the amount of $4,374 which are expected to be utilized prior to their expiration at the end of fiscal year 2003.

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