Year Ended June 30 1997 1996 1995 1994 1993 _________________________________________________________________________________________ Amounts in thousands except ratios and per share data Per Share Data Net income $ 1.00 $ 0.84 $ 0.67 $ 0.27 $ 0.43 Book value at year end 7.16 6.30 3.49 2.71 2.41 _________________________________________________________________________________________ Results of Operations Net sales $178,560 $125,766 $99,450 $78,171 $69,286 Cost of goods sold 79,554 55,249 43,077 34,830 32,113 Income before income taxes 33,788 25,158 18,535 6,816 11,096 Income taxes 13,472 9,819 6,858 2,075 3,717 Net income 20,316 15,339 11,677 4,741 7,379 _________________________________________________________________________________________ Financial Position at Year End Working capital $ 71,038 $ 99,434 $39,413 $31,032 $25,172 Property, plant and equipment (net) 30,707 22,316 19,947 16,810 12,873 Total assets 184,232 143,947 78,039 58,917 54,331 Long-term obligations 17,985 4,966 5,538 4,854 4,288 Shareholders' equity 141,578 121,545 58,369 44,224 39,148 _________________________________________________________________________________________ Other Data Capital expenditures $ 4,931 $ 6,220 $ 6,941 $ 7,735 $ 6,363 Depreciation and amortization 6,903 4,009 3,832 3,572 3,858 Number of employees at year end 1,565 1,217 1,181 1,078 1,187 Weighted average shares outstanding 20,272 18,325 17,532 17,281 17,319 _________________________________________________________________________________________ Selected Financial Ratios Gross profit as a percent of sales 55% 56% 57% 55% 54% Income before income taxes as a percent of sales 19% 20% 19% 9% 16% Effective income tax rate 40% 39% 37% 30% 33% Net income as a percent of sales 11% 12% 12% 6% 11% Return on average equity 15% 17% 23% 11% 21% Debt to equity ratio 13% 6% 11% 12% 12% Current ratio 3.95x 7.01x 3.93x 4.38x 3.31x _________________________________________________________________________________________Note: In the year ended June 30, 1994, the Company had nonrecurring charges.