Notes to Financial Statements pg 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

As permitted by SFAS No. 123, we elected to account for our stock option plans under the provisions of APB Opinion No. 25. Accordingly, no compensation cost has generally been recognized for stock options granted. Had we adopted SFAS No. 123, the pro forma effects on net earnings, basic earnings per share and diluted earnings per share for the last three fiscal years would have been as follows: 

The fair value of each option was estimated on the date of the grant using the Black-Scholes option pricing model with the following assumptions:

The weighted average fair value of options granted during fiscal 2002, 2001 and 2000 used in computing pro forma compensation expense was $18.60, $23.06 and $17.06 per share, respectively.