This excerpt taken from the THRD 10-K filed Mar 30, 2005.
The Company accounts for income taxes under the liability method specified in SFAS No. 109, Accounting for Income Taxes whereby deferred income taxes are recognized for the tax consequences
of temporary differences by applying enacted statutory tax rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date.