(1) See "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the Notes to Consolidated Financial Statements relating to, among other things, the impact of revisions of estimated profits on previously completed shipbuilding contracts in 1998, 1997 and 1996.
(2) See "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the Notes to Consolidated Financial Statements relating to, among other things, the impact of the Company's early adoption of the American Institute of Certified Public Accountants' Statement of Position 97-3.
(3) Net income for the years ended December 31,1998, 1996 and 1995 includes income tax benefits of $9.6 million ($.69 per share-diluted), $9.0 million ($.62 per share - diluted), and $13.0 million ($.90 per share-diluted), respectively, attributable to certain net operating loss carry forwards, tax credits and certain prior year tax deductions.
