text: bility approach that requires the recognition of deferred tax assets and  ***P R O D U C T D E V E L O P M E N T C O S T S***
  
  Product development costs relating to the development of new prod-  liabilities for the expected future tax consequences of events that have 
  
  ucts and processes, including significant improvements and refinements  been recognized in the Company’s financial statements or tax returns. 
  
  to existing products, are expensed as incurred. These costs include sala-  Deferred income taxes are provided to reflect the differences between 
  
  ries, contractor fees, building costs, utilities, and administrative fees.  the tax bases of assets and liabilities and their reported amounts in the 
  
  The amounts charged against income were $25,791,000 in 2003,  financial statements. 
  
  $25,849,000 in 2002, and $21,415,000 in 2001. 
  ***E A R N I N G S P E R S H A R E***