NOTE I
Income Taxes
The components of earnings before income taxes are as follows ($ thousands):
|
Earnings before income taxes: |
2007 |
2006 |
2005 |
|
United States |
$88,157 |
$75,658 |
$59,973 |
|
Foreign |
116,704 |
113,509 |
94,760 |
|
Total |
$204,861 |
$189,167 |
$154,733 |
The components of the provision for income taxes are as follows ($ thousands):
|
2007 |
2006 |
2005 |
|
|
Income tax Current: |
|||
|
Federal |
$30,632 |
$22,031 |
$18,959 |
|
Foreign |
28,140 |
27,961 |
22,263 |
|
$58,772 |
$49,992 |
$41,222 |
|
|
Deferred: |
|||
|
Federal |
($4,752) |
$5,138 |
$2,336 |
|
Foreign |
124 |
1,730 |
621 |
|
(4,628) |
6,868 |
2,957 |
|
|
Total |
$ 54,144 |
$56,560 |
$44,179 |
In 2007, the company’s U.S. GAAP income statement recorded a provision for income taxes closest to
a. $30,632.
b. $54,144.
c. $58,772.