text: **Income Taxes** **Shareholders’ Equity and Earnings Per Share**
  
  Significant components of the provision for income taxes are as follows: 
  **2003** 2002 
  
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              [html]<thead><tr><td>( tn thousands )</td><td>2003</td><td>2002</td><td>2001</td></tr></thead><tbody><tr><td>Current : Feder State</td><td>$ 49.7814.159</td><td>$ 38.9663.473</td><td>$ 32.3932.442</td></tr><tr><td>Deferred</td><td>53.880 ( 1.054 )</td><td>42.4396.755</td><td>34.8357.019</td></tr><tr></tr></tbody>
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  Common Stock, $1 Par Value 
   Authorized 
  **200,000,000**200,000,000 200,000,000 
  58,672,933 
  
  Issued and outstanding 
  Preferred Stock, $1 Par Value 
   Authorized 
  
  **58,238,519** 58,373,607 
  
  **2,000,000**
  **–** 2,000,000 
  –  2,000,000 
  –  Issued and outstanding 