9. Income Taxes
The provision for income taxes for each of the three years in the period ended April 30, 2000 is summarized below:

(Amounts in thousands)			2000			1999			1998
Current:
	U.S. Federal	$	49,911		$	64,455		$	55,982
	Foreign		1,974			1,545			1,888
	State		10,644			12,086			12,503
			62,529			78,086			70,373
Deferred, principally Federal:
	Insurance reserves		6,304			(1,768)			(7,182)
	Other		(10,793)			(4,547)			3,213
			(4,489)			(6,315)			(3,969)
		$	58,040		$	71,771		$	66,404

The provisions for income taxes computed by applying the Federal statutory rate to income before taxes are reconciled to the actual provisions for fiscal years 2000, 1999 and 1998 as follows:

		2000			1999			1998
(Amounts in thousands)		Amount	%		Amount	%		Amount	%
Income before provision
	for income taxes:
	U.S. Federal	$136,898	96.7%		$173,895	97.2%		$171,938	98.3%
	Foreign	4,636	3.3		4,997	2.8		3,011	1.7
		$141,534	100.0%		$178,892	100.0%		$174,949	100.0%
Computed statutory tax		$  49,537	35.0%		$  62,612	35.0%		$  61,232	35.0%
State income taxes, net		6,390	4.5		8,554	4.8		7,468	4.3
Other items, net		2,113	1.5		605	.3		(2,296)	(1.3)
		$  58,040	41.0%		$  71,771	40.1%		$  66,404	38.0%

The components of the Company’s deferred tax benefits as of April 30, 2000 and April 25, 1999 were as follows:

(Amounts in thousands)		2000			1999
Insurance reserves	$	11,527		$	17,831
Deferred compensation		26,312			23,666
Product warranty reserves		24,660			23,061
Dealer volume rebates		7,793			7,014
Depreciation		628			(117)
Other financial accruals		15,138			10,114
	$	86,058		$	81,569

The net deferred tax asset summarized above is considered realizable; however, the amount could be reduced if tax rates are reduced in the future.