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The components of the net deferred tax liability were classified in the consolidated balance sheets asfollows:(in thousands)as of September 30, 2009 2008Deferred Tax AssetsCurrent deferred taxes .................................................. $ 67,773 $ 17,308Other non-current assets ................................................. 1,643 721Deferred Tax LiabilitiesOther current liabilities .................................................. 459 110Non-current deferred taxes ............................................... 218,845 146,489Net Deferred Tax Liability ......................................... $149,888 $128,570At September 30, 2009, there were approximately $37.5 million of foreign net operating loss carryforwards,approximately $19.7 million of which expire between 2010 and 2019 with the remaining carryforwardshaving an indefinite life. In addition, there were approximately $253.7 million in state netoperating loss carry-forwards that expire between 2010 and 2029. A partial valuation allowance has beenprovided to offset the related deferred tax assets due to the uncertainty of realizing the benefit of the netoperating loss carry-forwards. The valuation allowance increased by $3.3 million and $1.1 million in fiscalyears 2009 and 2008.During September 2008, the Company amended its repatriation plan for undistributed foreign earningsto include repatriation to the U.S. of the excess net earnings after debt service payments and regulatorycapital requirements of its U.K. consolidated subsidiaries (see Note 1 – Significant Accounting Policies,Income Taxes for the Company’s reinvestment and repatriation plan for foreign earnings). As a result of theamendment, the Company recognized a provision for U.S. income taxes of $19.7 million and a net deferredincome tax liability of $3.4 million in relation to $294.8 million of accumulated and current earnings fromthe United Kingdom, of which $210.9 million was repatriated as of September 30, 2008.The Company has made no provision for U.S. income taxes on $3.4 billion of cumulative undistributedforeign earnings that are indefinitely reinvested at September 30, 2009. Determination of the potentialamount of unrecognized deferred U.S. income tax liability related to such reinvested foreign earnings is notpracticable because of the numerous assumptions associated with this hypothetical calculation. However,foreign tax credits would be available to reduce some portion of this amount. Changes to the Company’spolicy of reinvestment or repatriation of non-U.S. earnings may have a significant effect on its financialcondition and results of operations.The following reconciles the amount of tax expense at the federal statutory rate and taxes on income asreflected in the consolidated statements of income:(dollar amounts in thousands)for the fiscal years ended September 30, 2009 2008 2007Federal statutory rate ...................................... 35.00% 35.00% 35.00%Federal taxes at statutory rate ................................ $448,382 $ 782,806 $ 862,855State taxes, net of federal tax effect ........................... 30,718 41,241 50,522Effect of foreign operations ................................. (93,390) (185,530) (223,437)Change in valuation allowance .............................. — — (9,458)Other ................................................... (1,396) 9,859 11,881Actual Tax Provision ................................. $384,314 $ 648,376 $ 692,363Effective tax rate ......................................... 30.00% 28.99% 28.08%98